Buyers are back in control over the 200EMA, so nothing is lost yet. We keep our bullish game plan here. As many know, ETH is still far from its potential...considering the fact that BTC has already outperformed itself.
Time for ETH to shine now!
Swallow Academy
Time for ETH to shine now!
Swallow Academy
Note
Buyers are back in control where they secured the lines of EMAs, which means that we are expecting the $2800 to be reached this week.
Now, despite us currently seeing some kind of weakness in markets, we think that EMAs will still be holding it's ground so as long as we are above them, we are bullish here!
Note
Ethereum is still hovering near local lines of EMAs, where we are expecting to see a volatile breakout very soon.
Now we have 2 buy entries, where the best option is after breaking the local resistance area, which is above the EMAs but overall, with the current buyside dominance we have had, we are seeing good chances for the price to reclaim the $2800 within days from here on.
Note
Ethereum has done well, where we have established a proper support area near the local buy zone, which should be enough for us to have a proper bounce from here towards our target of $2800.
As long as buyers keep the dominance near the buy area, we are bullish!
Note
We had a rather sharp but clean breakout recently where price has shown us that buyers are dominating currently, pushing the price toward the local high at $2800. This is our current target and so far ETH had been perfoming more than well.
Note
Ethereum had a good rally where buyers took control over EMAs, whereafter a successful retest, buyers are back in the game (hopefully).
We are starting to look for another long entry on the COINER at $2,600; once we see a proper BOS in this region, we will be opening a long position.
🚨 Authentic Traders
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⚡️ Short-Term + Mid-Term Trades
Keep an eye on us and you will not regret it. 😉
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.
🚨 Authentic Traders
⚡️ Short-Term + Mid-Term Trades
Keep an eye on us and you will not regret it. 😉
Telegram: t.me/+fiEDSn7M9pJkODA0
⚡️ Short-Term + Mid-Term Trades
Keep an eye on us and you will not regret it. 😉
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.