Hello TradingView Family / Fellow Traders,
📦 After breaking below the $3650 structure, ETH has been bearish trading within the falling channel marked in orange.
📈 For the bulls to regain control, and push towards the $4000 mark, a break above the upper trendline and $3700 is needed.
📉 Meanwhile, ETH would be overall bearish and can still trade lower to test the lower orange trendline and $3,200 demand zone.
Which scenario is more likely to happen first, and why?
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Richard Nasr