Ethereum broke below 3.5k! NOW WHAT?
ETH is overall bullish trading inside the brown rising wedge pattern so we will be looking for Trend-Following Buy setups as it approaches our lower brown trendlines.
Moreover, the green zone 2.8k - 3.0k is a strong resistance turned into support.
The highlighted purple circle is a very strong area to look for buy setups as it is the intersection of the green support/demand 3k and the lower brown trendline.
As per my trading style:
I will be waiting for ETH to approach the highlighted purple circle (area) to look for possible buy setups (like a double bottom, trendline break, and so on...)
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
ETH is overall bullish trading inside the brown rising wedge pattern so we will be looking for Trend-Following Buy setups as it approaches our lower brown trendlines.
Moreover, the green zone 2.8k - 3.0k is a strong resistance turned into support.
The highlighted purple circle is a very strong area to look for buy setups as it is the intersection of the green support/demand 3k and the lower brown trendline.
As per my trading style:
I will be waiting for ETH to approach the highlighted purple circle (area) to look for possible buy setups (like a double bottom, trendline break, and so on...)
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Trade Made Simple
RichTL.com
Instagram:
instagram.com/richthesignalyst
Telegram
t.me/thesignalyst
Best CFD broker - Tickmill
cutt.ly/TickmillReal
CFD Broker - TradeNation
cutt.ly/GrTivmRC
RichTL.com
Instagram:
instagram.com/richthesignalyst
Telegram
t.me/thesignalyst
Best CFD broker - Tickmill
cutt.ly/TickmillReal
CFD Broker - TradeNation
cutt.ly/GrTivmRC
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Trade Made Simple
RichTL.com
Instagram:
instagram.com/richthesignalyst
Telegram
t.me/thesignalyst
Best CFD broker - Tickmill
cutt.ly/TickmillReal
CFD Broker - TradeNation
cutt.ly/GrTivmRC
RichTL.com
Instagram:
instagram.com/richthesignalyst
Telegram
t.me/thesignalyst
Best CFD broker - Tickmill
cutt.ly/TickmillReal
CFD Broker - TradeNation
cutt.ly/GrTivmRC
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.