ETH - Trend-Following Setup; Again ❗️

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

As per my last analysis (attached on the chart), we were looking for trend-following buy setups.

Now ETH is retesting the lower trendline again, so we will be following the same logic.

ETH has been stuck inside a range in the shape of a rising channel in orange .

Moreover, the 1800 is a minor demand zone lining up with the previous major highs.

🏹 So the highlighted purple circle is a strong area to look for buy setups as it is the intersection of the orange demand and lower orange trendline. (acting as non-horizontal support)

As per my trading style:
As ETH approaches the purple circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)

We will remain bullish , UNLESS ETH breaks below the lower orange trendline.

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

Good luck!

All Strategies Are Good; If Managed Properly!
~Rich