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