Ethereum broke below 3.5k! NOW WHAT?
ETH is overall bullish trading inside the brown rising wedge pattern so we will be looking for Trend-Following Buy setups as it approaches our lower brown trendlines.
Moreover, the green zone 2.8k - 3.0k is a strong resistance turned into support.
The highlighted purple circle is a very strong area to look for buy setups as it is the intersection of the green support/demand 3k and the lower brown trendline.
As per my trading style:
I will be waiting for ETH to approach the highlighted purple circle (area) to look for possible buy setups (like a double bottom, 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
ETH is overall bullish trading inside the brown rising wedge pattern so we will be looking for Trend-Following Buy setups as it approaches our lower brown trendlines.
Moreover, the green zone 2.8k - 3.0k is a strong resistance turned into support.
The highlighted purple circle is a very strong area to look for buy setups as it is the intersection of the green support/demand 3k and the lower brown trendline.
As per my trading style:
I will be waiting for ETH to approach the highlighted purple circle (area) to look for possible buy setups (like a double bottom, 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
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📊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
Отказ от ответственности
Информация и публикации не предназначены для предоставления и не являются финансовыми, инвестиционными, торговыми или другими видами советов или рекомендаций, предоставленных или одобренных TradingView. Подробнее читайте в Условиях использования.