ETH - Now We Wait!

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

📈 ETH has been bearish trading within the falling channel pattern marked in orange.

Currently, ETH is approaching the lower bound of the channel.

Moreover, it is retesting a strong demand zone $3,100 - $3,200.

🏹 Thus, the highlighted blue circle is a strong area to look for buy setups as it is the intersection of the green demand zone and lower orange trendline acting as a non-horizontal support.

📚 As per my trading style:
As #ETH 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!
~Rich