Hello everyone, if you like the idea, do not forget to support with a like and follow.
ETH is overall bullish from a long-term perspective trading inside the brown rising channel.
ETH has been stuck around the lower brown trendline for a couple of weeks now, in an accumulation phase in the shape of a symmetrical triangle marked in orange.
For the bulls to take over, we need a break above the last high in gray and upper orange trendline.
Knowing that ETH can still form a new swing high before breaking the structure. (projection in purple)
Meanwhile, until the buy is activated, ETH would be trading inside the symmetrical triangle and can still break it downward for another bearish impulse movement.
That's why the post title is inspired by the poem: "The Road Not Taken" by the famous Robert Frost!
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
ETH is overall bullish from a long-term perspective trading inside the brown rising channel.
ETH has been stuck around the lower brown trendline for a couple of weeks now, in an accumulation phase in the shape of a symmetrical triangle marked in orange.
For the bulls to take over, we need a break above the last high in gray and upper orange trendline.
Knowing that ETH can still form a new swing high before breaking the structure. (projection in purple)
Meanwhile, until the buy is activated, ETH would be trading inside the symmetrical triangle and can still break it downward for another bearish impulse movement.
That's why the post title is inspired by the poem: "The Road Not Taken" by the famous Robert Frost!
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
📊I help you turn charts into a career
theSignalyst.com
Telegram
t.me/thesignalyst
Trusted Crypto Exchange
cutt.ly/qtwKuPaJ
Trusted CFD Broker
cutt.ly/TickmillReal
Trusted Crypto Prop Firm
cutt.ly/Hyrotrader
theSignalyst.com
Telegram
t.me/thesignalyst
Trusted Crypto Exchange
cutt.ly/qtwKuPaJ
Trusted CFD Broker
cutt.ly/TickmillReal
Trusted Crypto Prop Firm
cutt.ly/Hyrotrader
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.
📊I help you turn charts into a career
theSignalyst.com
Telegram
t.me/thesignalyst
Trusted Crypto Exchange
cutt.ly/qtwKuPaJ
Trusted CFD Broker
cutt.ly/TickmillReal
Trusted Crypto Prop Firm
cutt.ly/Hyrotrader
theSignalyst.com
Telegram
t.me/thesignalyst
Trusted Crypto Exchange
cutt.ly/qtwKuPaJ
Trusted CFD Broker
cutt.ly/TickmillReal
Trusted Crypto Prop Firm
cutt.ly/Hyrotrader
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.