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