Ethereum / Tether
Panjang

ETH - Longs on the Go!

507
Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.

📈ETH has been overall bullish from a medium-term perspective trading within the rising channel marked in blue.

Moreover, the red zone is a strong resistance turned support!

🏹 Thus, the highlighted blue circle is a strong area to look for buy setups as it is the intersection of support and lower blue trendline acting as a non-horizontal support.

📚 As per my trading style:
As #ETH approaches the blue circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)

📚 Always follow your trading plan regarding entry, risk management, and trade management.

Good luck!

All Strategies Are Good; If Managed Properly!
~Rich

Penafian

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