TheSignalyst

ETH - All Eyes on 2000 & 1750 👀

WHITEBIT:ETHUSDT   Ethereum / Tether US
Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.

From a long-term perspective, ETH has been overall bullish trading inside the rising broadening wedge pattern just like BTC.

Lately, from a medium-term perspective, ETH got stuck inside 1750 support and 2000 resistance.

As per my trading style, here is my plan:

📉 1- Wait for ETH to approach the 1750 support to look buy setups

📈 2- Wait for ETH to break above 2000 (daily candle) then look for buy setups on its retest

📌 Meanwhile, as long as ETH is sitting midway it would be a no trade zone for me. So I will be waiting patiently!

Remember: Sometimes No Trade, is also a Trade.

Which scenario do you think 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!
~Rich

Trading Made Simple; and Rule-Based
www.RichTL.com

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www.instagram.com/richthesignalyst

Telegram:
www.t.me/thesignalyst

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