TheSignalyst

ETH - Wait For The Bears, then The Bulls๐Ÿ“‰๐Ÿ“ˆ

KUCOIN:ETHUSDT   Ethereum / Tether
Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.

๐Ÿ“ˆ ETH has been hovering with a range between $3000 and $3500.

๐Ÿ“‰ After breaking below the last major low at $3500, ETH has been bearish from a short-term perspective trading within the falling red channel.

Moreover, the $3000 - $3100 is a strong support zone.

๐Ÿน Thus, the highlighted red circle is a strong area to look for buy setups as it is the intersection of the green support and lower red trendline.

๐Ÿ“š As per my trading style:
As #ETH approaches the red circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)

๐Ÿ“š Always follow your trading plan regarding entry, risk management, and trade management.

Good luck!

All Strategies Are Good; If Managed Properly!
~Rich

This analysis is done using RichTL
www.RichTL.com

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