ETH - Critical Zone 👀 Again!
Hello TradingView Family / Fellow Traders,
As per my last analysis, ETH rejected the $3000 support and traded higher.
What's next?
Scenarios:
1️⃣ Bullish - Continuation
For the bulls to maintain control, a break above the $4,000 - $4,100 is needed.
In this case, a movement towards the $4,500 resistance would be expected.
2️⃣ Bearish - Correction
Meanwhile, the bears can still kick in for a correction towards $3,500 where we will be looking for new short-term buy setups.
Which scenario is more likely to happen first? and why?
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Richard Nasr
As per my last analysis, ETH rejected the $3000 support and traded higher.
What's next?
Scenarios:
1️⃣ Bullish - Continuation
For the bulls to maintain control, a break above the $4,000 - $4,100 is needed.
In this case, a movement towards the $4,500 resistance would be expected.
2️⃣ Bearish - Correction
Meanwhile, the bears can still kick in for a correction towards $3,500 where we will be looking for new short-term buy setups.
Which scenario is more likely to happen first? and why?
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Richard Nasr
Trading Made Simple; and Rule-Based
RichTL.com
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RichTL.com
instagram.com/richthesignalyst
Telegram
t.me/thesignalyst
Best CFD broker
cutt.ly/TickmillReal
Best Crypto Exchange
coincall.com/r/thesignalyst
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