Hello TradingView Family / Fellow Traders,
Based on my recent ETH analysis, we anticipated a rejection from the blue circle zone, as it is the intersection of the lower bound of the blue channel and the 2,150 support.
Now, what's next?
📈 For the bulls to remain in control and take over from a medium-term perspective again, we need an H4 candle close above the last major high marked in orange at 2,270.
In this case, a movement to the 2,500 round number and upper red trendline would be expected.
📉 Meanwhile, ETH would be stuck inside a range, but the bulls will remain in control as long as the 2,100 level holds.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Richard Nasr
Based on my recent ETH analysis, we anticipated a rejection from the blue circle zone, as it is the intersection of the lower bound of the blue channel and the 2,150 support.
Now, what's next?
📈 For the bulls to remain in control and take over from a medium-term perspective again, we need an H4 candle close above the last major high marked in orange at 2,270.
In this case, a movement to the 2,500 round number and upper red trendline would be expected.
📉 Meanwhile, ETH would be stuck inside a range, but the bulls will remain in control as long as the 2,100 level holds.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Richard Nasr
This analysis is done using RichTL
www.RichTL.com
My Telegram Channel
www.t.me/thesignalyst
Buy CRGPT on Uniswap
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www.RichTL.com
My Telegram Channel
www.t.me/thesignalyst
Buy CRGPT on Uniswap
cutt.ly/CRGPT