ETH - Make or Break Zone!
2024-11-05

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

ETH is currently hovering around the lower bound of its range in the shape of an ascending triangle.

📈As long as the lower red trendline holds, a continuation towards the upper bound of the triangle is expected.

In parallel, if the last major low in red at $2,300 is broken downward, a dip towards the $2,000 - $2,100 weekly support would be anticipated.

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