ETH - Still Bullish - UNLESS ❗️

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

🗒 After breaking above 1700, ETH has been stuck inside a range.

We will remain bullish as long as ETH doesn't break a previous major low that happens to be lining up with 1700

📌 If we break below 1700 expect a bearish correction to start till around 1550 support / demand.

🏹 Meanwhile, we are still bullish and the bulls would take full control again by breaking above the current minor high in red around 1860

In this case, a movement till the 2000 weekly resistance and round number would be expected.

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