ETH - Simple Structure!

Hello TradingView Family / Fellow Traders,

📦 After breaking below the $3650 structure, ETH has been bearish trading within the falling channel marked in orange.

📈 For the bulls to regain control, and push towards the $4000 mark, a break above the upper trendline and $3700 is needed.

📉 Meanwhile, ETH would be overall bearish and can still trade lower to test the lower orange trendline and $3,200 demand zone.

Which scenario 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!
~Richard Nasr