TheSignalyst

ETH - All Eyes on 2000 & 1750 πŸ‘€

WHITEBIT:ETHUSDT   Ethereum / Tether US
Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.

From a long-term perspective, ETH has been overall bullish trading inside the rising broadening wedge pattern just like BTC.

Lately, from a medium-term perspective, ETH got stuck inside 1750 support and 2000 resistance.

As per my trading style, here is my plan:

πŸ“‰ 1- Wait for ETH to approach the 1750 support to look buy setups

πŸ“ˆ 2- Wait for ETH to break above 2000 (daily candle) then look for buy setups on its retest

πŸ“Œ Meanwhile, as long as ETH is sitting midway it would be a no trade zone for me. So I will be waiting patiently!

Remember: Sometimes No Trade, is also a Trade.

Which scenario do you think is more likely to happen first? and why?

πŸ“š 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
www.RichTL.com

Instagram:
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www.t.me/thesignalyst

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