Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
After rejecting the 1700 resistance, ETH has been bearish from a medium-term perspective.
🏄🏻♂️ ETH is now approaching a strong rejection zone, which I call a "TRIO RETEST"
1- The lower orange trendline of the channel acting as a non-horizontal support (in oarnge)
2- The horizontal support zone 1450 - 1500 (in green)
3- The lower red trendline of the megaphone pattern acting as an over-sold zone (in red)
As per my trading style:
As ETH approaches the blue circle intersection, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)
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
After rejecting the 1700 resistance, ETH has been bearish from a medium-term perspective.
🏄🏻♂️ ETH is now approaching a strong rejection zone, which I call a "TRIO RETEST"
1- The lower orange trendline of the channel acting as a non-horizontal support (in oarnge)
2- The horizontal support zone 1450 - 1500 (in green)
3- The lower red trendline of the megaphone pattern acting as an over-sold zone (in red)
As per my trading style:
As ETH approaches the blue circle intersection, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)
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.