ETH - Still Stuck 📦

8 de jun. de 2023

Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.

As per my last analysis (attached on the chart), ETH rejected the lower bound of the flat rising broadening wedge and traded higher to reject the upper bound again.

🏹 As per my trading style, we will be trading the range UNLESS it is broken upward or downward.

📈 As ETH approaches the blue support again, we will be looking for short-term buy setups.

For the bulls to take over medium-term, we need a break above the red zone.

📉 In parallel, if as ETH approaches the red resistance, we will be looking for short-term sell setups.

And if ETH breaks below the blue zone, we will be expecting further bearish movement till the 1700 daily support.

📚 Always follow your trading plan regarding entry, risk management, and trade management.

Good luck!

All Strategies Are Good; If Managed Properly!
~Rich