ETH - The Support Is Still Holding 💪
Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
ETH is still hovering around the daily support 1650.0
📈 For the bulls to take over again, and reject the daily support, we need an H4 momentum candle close above the last high in green around 1708
📉 In parallel, if the blue support is broken downward with a momentum candle close, we will expect further bearish movement till the around the 1500 support to fill the wick!
For now, we wait ⏱
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
ETH is still hovering around the daily support 1650.0
📈 For the bulls to take over again, and reject the daily support, we need an H4 momentum candle close above the last high in green around 1708
📉 In parallel, if the blue support is broken downward with a momentum candle close, we will expect further bearish movement till the around the 1500 support to fill the wick!
For now, we wait ⏱
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
Trading Made Simple; and Rule-Based
RichTL.com
Instagram
instagram.com/richthesignalyst
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t.me/thesignalyst
Best CFD broker
cutt.ly/TickmillReal
RichTL.com
instagram.com/richthesignalyst
Telegram
t.me/thesignalyst
Best CFD broker
cutt.ly/TickmillReal
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