ETH - Doing it AGAIN...
2024-12-07

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

 📈ETH has been bullish  trading within the rising channel in red.

Currently, ETH is rejecting the upper bound of the channel, so a bearish correction is expected.

Moreover, the green zone is a strong structure.

🏹 Thus, the highlighted blue circle is a strong area to look for buy setups as it is the intersection of the green structure and lower trendline acting as non-horizontal support.

 📚 As per my trading style: 
As #ETH approaches the blue circle, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)

 📚 Always follow your trading plan regarding entry, risk management, and trade management.

Good luck!

All Strategies Are Good; If Managed Properly!
~Rich