Ethereum has recently secured the branch of EMAs, where now it seems that buyers are going for the break of structure, which then would result in a movement towards our other target zones.
So with that being said, our game plan has not changed; we are looking for further movement to upper zones, and so far we are in good profits (thanks to the entry that we caught on lower zones).
Swallow Academy
So with that being said, our game plan has not changed; we are looking for further movement to upper zones, and so far we are in good profits (thanks to the entry that we caught on lower zones).
Swallow Academy
Note
Ethereum has recently secured the branch of EMAs, and now that we see the dominance that buyers have shown multiple we are expecting to see a break of the local highs area, which would then send the price to $3,000 and then $4,000.
As of now it is a little early to tell about the certainty of that movement, so we have to wait for Monday to pass, as Mondays are tricky days and can sometimes just be a fakeout movement.
Note
Ethereum is heading towards the local high area, where we are expecting to see a breakout from. As soon as we see the price reach local high we will be expecting some sort of resistance from sellers but if we keep similar momentum then upon seeing breakout we will be looking for a long.
Note
Buyers failed to form a proper breakout the first time on Ethereum, while currently we are seeing another buyside volume accumulation happening.
While we have a smaller long position open on ETH, we would suggest waiting for a proper breakout before going long here, as once we see a breakout, we might be seeing very good upward movement toward $3000.
Note
We have had a decent breakout from the local high area, and now we are heading for the retest of that broken zone.
So far everything goes as planned. We are looking for a successful retest here and then a steep movement to upper zones here.
Note
Ethereum is still above the 200EMA line, where we see some decent amount of buyside volume. We are looking for the $3000 area as our target, which we think will be reached within days so currently we keep this game plan as long as we are above the EMAs.
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Keep an eye on us and you will not regret it. ๐
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Disclaimer
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๐จ Authentic Traders
โก๏ธ Short-Term + Mid-Term Trades
Keep an eye on us and you will not regret it. ๐
Telegram: t.me/+fiEDSn7M9pJkODA0
โก๏ธ Short-Term + Mid-Term Trades
Keep an eye on us and you will not regret it. ๐
Telegram: t.me/+fiEDSn7M9pJkODA0
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.