📦Ethereum keeps respecting a neat descending channel on 4H📦: repeated rejections from the upper rail (red arrows) and clean bounces from the lower rail (blue arrows). After the latest tap of the lower boundary, ETH is attempting a rebound within the range.
🏹As long as the lower rail holds, I’ll look for continuation toward the mid-channel first, then the upper boundary. If momentum accelerates, the structure high near 4,265 becomes the key level to reclaim for a larger push.
⚔️A 4H close back below 3,642 would weaken the setup and open the door for a deeper retest toward 3,300, where the broader defense sits.
In short: trend-following longs from the lower rail, manage partials into the mid-range, and keep eyes on the upper rail for the next decision point.
⚠️ Disclaimer: This is not financial advice. Always do your own research and manage risk properly.
📚All Strategies Are Good; If Managed Properly!
~Richard Nasr
🏹As long as the lower rail holds, I’ll look for continuation toward the mid-channel first, then the upper boundary. If momentum accelerates, the structure high near 4,265 becomes the key level to reclaim for a larger push.
⚔️A 4H close back below 3,642 would weaken the setup and open the door for a deeper retest toward 3,300, where the broader defense sits.
In short: trend-following longs from the lower rail, manage partials into the mid-range, and keep eyes on the upper rail for the next decision point.
⚠️ Disclaimer: This is not financial advice. Always do your own research and manage risk properly.
📚All Strategies Are Good; If Managed Properly!
~Richard Nasr
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📊I help you turn charts into a career
theSignalyst.com
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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.