ETH - Make or Break Zone!
Updated
Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
ETH is currently hovering around the lower bound of its range in the shape of an ascending triangle.
📈As long as the lower red trendline holds, a continuation towards the upper bound of the triangle is expected.
In parallel, if the last major low in red at $2,300 is broken downward, a dip towards the $2,000 - $2,100 weekly support would be anticipated.
Which scenario do you think 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!
~Rich
ETH is currently hovering around the lower bound of its range in the shape of an ascending triangle.
📈As long as the lower red trendline holds, a continuation towards the upper bound of the triangle is expected.
In parallel, if the last major low in red at $2,300 is broken downward, a dip towards the $2,000 - $2,100 weekly support would be anticipated.
Which scenario do you think 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!
~Rich
Trade closed: target reached
That was fast
ETH rejected the lower bound of the triangle and traded higher.
Trading Made Simple; and Rule-Based
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RichTL.com
instagram.com/richthesignalyst
Telegram
t.me/thesignalyst
Best CFD broker
cutt.ly/TickmillReal
Best Crypto Exchange
coincall.com/r/thesignalyst
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