Hello everyone, if you like the idea, do not forget to support with a like and follow.
ETH is overall bullish from a long-term perspective trading inside the brown rising channel.
ETH has been stuck around the lower brown trendline for a couple of weeks now, in an accumulation phase in the shape of a symmetrical triangle marked in orange.
For the bulls to take over, we need a break above the last high in gray and upper orange trendline.
Knowing that ETH can still form a new swing high before breaking the structure. (projection in purple)
Meanwhile, until the buy is activated, ETH would be trading inside the symmetrical triangle and can still break it downward for another bearish impulse movement.
That's why the post title is inspired by the poem: "The Road Not Taken" by the famous Robert Frost!
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
ETH is overall bullish from a long-term perspective trading inside the brown rising channel.
ETH has been stuck around the lower brown trendline for a couple of weeks now, in an accumulation phase in the shape of a symmetrical triangle marked in orange.
For the bulls to take over, we need a break above the last high in gray and upper orange trendline.
Knowing that ETH can still form a new swing high before breaking the structure. (projection in purple)
Meanwhile, until the buy is activated, ETH would be trading inside the symmetrical triangle and can still break it downward for another bearish impulse movement.
That's why the post title is inspired by the poem: "The Road Not Taken" by the famous Robert Frost!
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
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.