ETH - Oversold Zone!

13 juin 2022

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

ETH is overall bearish trading inside the brown channel and now approaching the lower trendline acting as non-horizontal support.

Moreover, the green area is a demand zone and round number 1000.0

So the highlighted purple circle is a very strong area to look for buy setups as it is the intersection of demand in green and the lower brown trendline, which I also consider an oversold area.

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...)

If you like the idea, do not forget to support with a like and follow.

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

Good luck!

All Strategies Are Good; If Managed Properly!
~Rich