ETHUSD - Trend-Following Setup!

16 мар. 2021 г.Ethereum rejected its previous ATH. WHAT NEXT?

ETH is overall bullish trading above the brown trendline so we will be looking for Trend-Following Buy setups as it approaches it.

Moreover, the area 1450-1500 is a "Resistance turned into Support".

So the highlighted purple circle is a very strong area to look for buy setups as it is the intersection of support in blue and lower brown trendline.

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...)

Knowing that Ethereum can still trade higher aggressively from here, without us on board.
In this case, we will be waiting for ETH to break the 2000 zone then look for buy setups on its retest.

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

Good luck!

All Strategies Are Good; If Managed Properly!
~Rich