ETH - Prepare for Takeoff ✈️ OR Brace for Impact 🛩

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

on Daily: Left Chart
ETH has been overall bearish trading inside the red falling broadening wedge pattern. However, it is currently approaching the lower bound / red trendline.

Moreover, the 1500.0 is a strong support, demand and round number.

🏹 So the highlighted red circle is a strong area to look for buy setups as it is the intersection of the 1500.0 and lower red trendline.

on H1: Right Chart
ETH is also bearish from a short-term perspective trading inside the falling blue channel.

📈For the bulls to take over, we need a break above the last high in blue.

Meanwhile, ETH would remain bearish and can still test the 1500.0 round number.

📉If the 1500.0 is broken downward from Daily timeframe, expect long-term bearish continuation!

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

Good luck!

All Strategies Are Good; If Managed Properly!
~Rich