Ethereum (ETH): Bounced From Bullish Trend +21% so far!
So far we are seeing a nice 21% upward movement on Ethereum. where price bounced off from our bullish trend line.
This seems good so far but we are not rushing into longs here on Ethereum as we are waiting for a final confirmation of ChoCH to form in smaller timeframes so eyes on the $2,800 area!
Swallow Team
This seems good so far but we are not rushing into longs here on Ethereum as we are waiting for a final confirmation of ChoCH to form in smaller timeframes so eyes on the $2,800 area!
Swallow Team
Nota
Ethereum on the daily timeframe has found it's supportive ground and has bounced nicely to uper zones towards the daily EMAs here.
We are looking for that upper orange line to be reached where we should get our next confirmation of either upward further movement or rejection and a movement back to the support zone!
Nota
Ethereum has done a godo 10% movement since our entry from below. But as of now we are approaching a zone of resistance and a possible god place for rejection to happen as well.
We are looking here for the rejection from EMAs to happen but this all will turn tables if we see a full CHoCH to form, which would shoot the price to upper zones of $3,330.
For now, we are looking for a rejection so our attention is there currently!
Nota
Ethereum is still trading below EMAs and our smaller resistance zone.
While we had a really good bounce from the support zone here, we are now waiting for that smaller resistance zone near EMAs to be reached and then a steep downward movement to occur!
Nota
Ethereum has had a smaller downward movement but yet we are back at the upper zones here, showing that buyers are not giving away the zone so easily.
If we see the similar pressure from buyers in the next 24 hours, then our idea of short might be invalid, and we will switch for a possible upward movement to $3,300.
But so far we stick to our gameplan so eyes on that smaller resistance for now!
Nota
Our Ethereum plan remains the same, where we are looking for slight upward movement towards EMAs to happen and then a nice movement to lower zones so our attention is still at 200 EMA.
As long as we are below this zone, we look for this outcome here!
🚨 Authentic Mentoring
⚡️ Short-Term + Mid-Term Trades
Join our amazing team and be part of something bigger.
FREE: t.me/+fiEDSn7M9pJkODA0
⚡️ Short-Term + Mid-Term Trades
Join our amazing team and be part of something bigger.
FREE: t.me/+fiEDSn7M9pJkODA0
🚨 Authentic Mentoring
⚡️ Short-Term + Mid-Term Trades
Join our amazing team and be part of something bigger.
FREE: t.me/+fiEDSn7M9pJkODA0
⚡️ Short-Term + Mid-Term Trades
Join our amazing team and be part of something bigger.
FREE: t.me/+fiEDSn7M9pJkODA0
Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.