ETH - The Bulls Are Still Strong - For Now ❗️

2. Aug. 2023

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

ETH is still stuck inside a big range and it is currently hovering around the lower bound / support zone around 1810

📈 For the bulls to take over from a medium-term perspective, we need an H4 momentum candle close above the last major high in gray around 1890

📉 In parallel, if the green support zone is broken downward, expect further bearish movement till the 1730 demand zone.

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