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ETH - The Bulls Are Still Strong - For Now ❗️
Ethereum/Tether
ETH - The Bulls Are Still Strong - For Now ❗️
By TheSignalyst
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Aug 2, 2023
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Aug 2, 2023
Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
ETH is still stuck
inside a big range and it is currently hovering around the lower bound / support zone around 1810
📈
For the bulls to take over
from a medium-term perspective, we need an H4 momentum candle close above the last major high in gray around 1890
📉
In parallel,
if the green support zone is broken downward, expect further bearish movement till the 1730 demand zone.
Which scenario do you think is more likely to happen? and why?
📚
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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