Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 After rejecting the lower boundary of the red wedge pattern, ETH has displayed bullish behavior.
However, it is currently approaching a robust resistance zone between 2150.0 and 2300.0, intersecting with the upper red trendline, thus acting as an overbought zone.
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.
📉 Conversely, as long as ETH trades below 2300.0, the possibility remains for bears to initiate a correction, with confirmation likely on lower timeframes.
Monitoring the price action around this key level will provide valuable insights into the market direction.
📚 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 lower boundary of the red wedge pattern, ETH has displayed bullish behavior.
However, it is currently approaching a robust resistance zone between 2150.0 and 2300.0, intersecting with the upper red trendline, thus acting as an overbought zone.
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.
📉 Conversely, as long as ETH trades below 2300.0, the possibility remains for bears to initiate a correction, with confirmation likely on lower timeframes.
Monitoring the price action around this key level will provide valuable insights into the market direction.
📚 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
免責聲明
這些資訊和出版物並非旨在提供，也不構成TradingView提供或認可的任何形式的財務、投資、交易或其他類型的建議或推薦。請閱讀使用條款以了解更多資訊。
📊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
免責聲明
這些資訊和出版物並非旨在提供，也不構成TradingView提供或認可的任何形式的財務、投資、交易或其他類型的建議或推薦。請閱讀使用條款以了解更多資訊。