Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
After rejecting the 1700 resistance, ETH has been bearish from a medium-term perspective.
🏄🏻‍♂️ ETH is now approaching a strong rejection zone, which I call a "TRIO RETEST"
1- The lower orange trendline of the channel acting as a non-horizontal support (in oarnge)
2- The horizontal support zone 1450 - 1500 (in green)
3- The lower red trendline of the megaphone pattern acting as an over-sold zone (in red)
As per my trading style:
As ETH approaches the blue circle intersection, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)
Which scenario do you think is more likely to happen? and why?
đź“š Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
After rejecting the 1700 resistance, ETH has been bearish from a medium-term perspective.
🏄🏻‍♂️ ETH is now approaching a strong rejection zone, which I call a "TRIO RETEST"
1- The lower orange trendline of the channel acting as a non-horizontal support (in oarnge)
2- The horizontal support zone 1450 - 1500 (in green)
3- The lower red trendline of the megaphone pattern acting as an over-sold zone (in red)
As per my trading style:
As ETH approaches the blue circle intersection, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)
Which scenario do you think is more likely to happen? and why?
đź“š Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
đź“ŠI 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
Declinazione di responsabilitĂ
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.
đź“ŠI 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
Declinazione di responsabilitĂ
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.