Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
ETH is still hovering around the daily support 1650.0
๐ For the bulls to take over again, and reject the daily support, we need an H4 momentum candle close above the last high in green around 1708
๐ In parallel, if the blue support is broken downward with a momentum candle close, we will expect further bearish movement till the around the 1500 support to fill the wick!
For now, we wait โฑ
Which scenario do you think is more likely to happen? and why?
๐ Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
ETH is still hovering around the daily support 1650.0
๐ For the bulls to take over again, and reject the daily support, we need an H4 momentum candle close above the last high in green around 1708
๐ In parallel, if the blue support is broken downward with a momentum candle close, we will expect further bearish movement till the around the 1500 support to fill the wick!
For now, we wait โฑ
Which scenario do you think is more likely to happen? and why?
๐ Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
This analysis is done using RichTL
www.RichTL.com
My Telegram Channel
www.t.me/thesignalyst
Best CFD broker
cutt.ly/TickmillReal
www.RichTL.com
My Telegram Channel
www.t.me/thesignalyst
Best CFD broker
cutt.ly/TickmillReal