ETH - Longing For One More Impulse ↗️

4 thg 10, 2023

Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.

After rejecting the 1500.0 support zone, ETH has been overall bullish trading inside the rising wedge in blue, and it is currently approaching the lower bound of the wedge.

Moreover, the zone 1600.0 is a support zone.

🏹 So the highlighted blue circle is a strong area to look for trend-following buy setups as it is the intersection of the red support and lower blue trendline acting as a non-horizontal support.

As per my trading style:
As ETH approaches the lower blue circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, 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