Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📌on H4: Left Chart
As per my last analysis, we know that ETH is overall bullish trading inside the rising channel in orange.
As mentioned, we are waiting for ETH to approach the lower orange trendline and demand to look for trend-following buy setups on lower timeframes.
📌on H1: Right Chart
ETH is now in a correction phase trading inside the falling broadening wedge in red.
For the bulls to take over again, to start the next bullish impulse, we need a break above the last major high and red trendline in red.
📉 Meanwhile, until the buy is activated, ETH can still trade lower to test the orange trendline and zone.
Which scenario do you think is more likely to happen first? and why?
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
📌on H4: Left Chart
As per my last analysis, we know that ETH is overall bullish trading inside the rising channel in orange.
As mentioned, we are waiting for ETH to approach the lower orange trendline and demand to look for trend-following buy setups on lower timeframes.
📌on H1: Right Chart
ETH is now in a correction phase trading inside the falling broadening wedge in red.
For the bulls to take over again, to start the next bullish impulse, we need a break above the last major high and red trendline in red.
📉 Meanwhile, until the buy is activated, ETH can still trade lower to test the orange trendline and zone.
Which scenario do you think is more likely to happen first? 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
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
📊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
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.