Ethereum (ETH): Ready For Another Bullish Movement ?

20 gen

Ethereum has done a proper correction, correcting the price for 20% and now we seem to be heading toward the upper zones for another push here.

We are looking for a price to head now toward the ATHs after a successful re-test of the local support zone.

This seems an ideal setup, so let's see how it will go. Remember, we have not yet reached even close to the ATH zone while Bitcoin took the lead so time for ETH to follow up 😉

Swallow Team

20 gen

Nota

Ethereum has reacted to the supportive zones we have been looking for, and from where on we are going to slowly DCA the ETH in spot now!

We are looking for a possible further drop here so thats why we are uising the DCA strategy.

Eventually we should see a good dominance of buyers on ETH; we are getting ready for this!

21 gen

Nota

Ethereum had shown another rejection from our bounce zone (at this point we are not sure why we called it a bounce zone but we have been monitoring this since the beginning).

So price showed a decent rejection and now we are looking for further pressure from sellers, as we are not yet near the zones we want to be.

So we are waiting for price to slowly fall towards the $3000 where we might see another liquidity hunt or grab!!

22 gen

Nota

Ethereum is in the interesting spot where, after recent rejection from the bounce zone, we are now stuck in a local resistance zone, where sellers are still showing some signs of dominance but nothing clear so we are stuck in different scenarios that can happen now!

Possible Scenarios👇

SELL: As we see sellers currently showing some dominance and we still have some room to fall, we are going to wait for sellers to show proper dominance, which then would lead price to $3000

Sideways: As there is a lot of uncertainty on the markets, we might just move in the sideways channel, which would mean stable buying and selling opportunities from the bounce zone to the support zone (current market price, which will turn into proper support if buyers show dominance here).

BUY: If we see a break of the bounce zone, we are going to look for a proper movement to the upper zones, finally re-testing the major resistance zone, which then might lead the price further to the upper zones. For that, we need to break firstly the "bounce" zone!

23 gen

Nota

Ethereum is taking the selling scenario route where sellers showed a good dominance near previous zones and now we are heading to our target zone near $3000.

We have fallen already 5% since then so we are now waiting for another 5% before making any other targets for the coin, as it depends on how traders will react to that zone there!

24 gen

Nota

Ethereum is re-testing a local zone that has aligned with EMAs.

This is the zone we are keeping our attentions at, as we are expecting to see a successful re-test (which means rejection).

Upon seeing a rejection there, we will look for MSB on smaller timeframes and then a steep 8% downward movement to the target zone so let's wait.

This scenario will be optimal as long as we stay below 200 EMA!