Hello TradingView Family / Fellow Traders,
ETH is currently hovering around a robust resistance zone and the upper bound of the red wedge pattern.
Weekly Chart:
📈 To maintain control and establish a long-term bullish perspective, a weekly candle close above 2300.0 is essential for the bulls.
If achieved, a movement toward the next resistance at approximately 3000.0 could be anticipated.
H4 Chart:
📉 Conversely, the bulls will remain in control unless the last low in blue at 2120.0 is broken downward.
In this case a bearish correction till the 1700.0 mark would be expected.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Richard Nasr
ETH is currently hovering around a robust resistance zone and the upper bound of the red wedge pattern.
Weekly Chart:
📈 To maintain control and establish a long-term bullish perspective, a weekly candle close above 2300.0 is essential for the bulls.
If achieved, a movement toward the next resistance at approximately 3000.0 could be anticipated.
H4 Chart:
📉 Conversely, the bulls will remain in control unless the last low in blue at 2120.0 is broken downward.
In this case a bearish correction till the 1700.0 mark would be expected.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Richard Nasr
📊I help you turn charts into a career
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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
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.
📊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
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.