ETH - Short-Term Resistance Ahead ⁉️
Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
As per my last analysis (attached on the chart), ETH rejected our 1830 demand zone and traded higher. Now What?
📉 ETH is still bearish medium-term and now sitting around the upper trendline acting as a non-horizontal support. So we will be expecting the bears to take over shortly (to be confirmed on lower timeframes)
📈 For the bulls to remain in control medium-term, we need a break above the last major high in red around 1930
Which scenario do you think is more likely to happen? and why?
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
As per my last analysis (attached on the chart), ETH rejected our 1830 demand zone and traded higher. Now What?
📉 ETH is still bearish medium-term and now sitting around the upper trendline acting as a non-horizontal support. So we will be expecting the bears to take over shortly (to be confirmed on lower timeframes)
📈 For the bulls to remain in control medium-term, we need a break above the last major high in red around 1930
Which scenario do you think is more likely to happen? and why?
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Trading Made Simple; and Rule-Based
RichTL.com
Instagram:
instagram.com/richthesignalyst
Telegram:
t.me/thesignalyst
Best CFD broker
cutt.ly/TickmillReal
RichTL.com
Instagram:
instagram.com/richthesignalyst
Telegram:
t.me/thesignalyst
Best CFD broker
cutt.ly/TickmillReal
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