ETH - Decision Zone Ahead 📍

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

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