ETH - Wait For It 🏹

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

📈 ETH has been overall bullish, trading within the rising broadening wedge in red.

Currently, ETH is in a correction phase and it is approaching the lower bound of the wedge acting as a non-horizontal support.

Moreover, it is retesting a strong support and round number $3500.

🏹 Thus, the highlighted red circle is a strong area to look for buy setups as it is the intersection of the blue support and lower red trendline.

📚 As per my trading style:
As #ETH is around the red circle zone, 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