Hello TradingView Family / Fellow Traders,
ETH has been overall bullish trading inside the rising channel in blue, and it is currently in a correction phase retesting the lower bound / blue trendline.
Moreover, it is approaching a strong support zone 2150.0
🏹 So the highlighted blue circle is a strong area to look for buy setups as it is the intersection of the red support and lower blue trendline acting as a non-horizontal support.
📈 As per my trading style:
As
ETHUSDT
approaches the blue circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Richard Nasr
ETH has been overall bullish trading inside the rising channel in blue, and it is currently in a correction phase retesting the lower bound / blue trendline.
Moreover, it is approaching a strong support zone 2150.0
🏹 So the highlighted blue circle is a strong area to look for buy setups as it is the intersection of the red support and lower blue trendline acting as a non-horizontal support.
📈 As per my trading style:
As
ETHUSDT
approaches the blue circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...) 📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Richard Nasr
This analysis is done using RichTL
www.RichTL.com
My Telegram Channel
www.t.me/thesignalyst
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www.RichTL.com
My Telegram Channel
www.t.me/thesignalyst
Best CFD broker
cutt.ly/TickmillReal