Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
ETH is overall bearish trading inside the brown channel and now approaching the lower trendline acting as non-horizontal support.
Moreover, the green area is a demand zone and round number 1000.0
So the highlighted purple circle is a very strong area to look for buy setups as it is the intersection of demand in green and the lower brown trendline, which I also consider an oversold area.
As per my trading style:
I will be waiting for it to approach the highlighted purple circle (area) to look for possible buy setups (like a double bottom, trendline break, and so on...)
If you like the idea, do not forget to support with a like and follow.
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 bearish trading inside the brown channel and now approaching the lower trendline acting as non-horizontal support.
Moreover, the green area is a demand zone and round number 1000.0
So the highlighted purple circle is a very strong area to look for buy setups as it is the intersection of demand in green and the lower brown trendline, which I also consider an oversold area.
As per my trading style:
I will be waiting for it to approach the highlighted purple circle (area) to look for possible buy setups (like a double bottom, trendline break, and so on...)
If you like the idea, do not forget to support with a like and follow.
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
