Ethereum has been outperforming BTC in every way; since our entry on this trade, we have had 112% movement, and soon our third target is going to be hit.
As mentioned, $4000 is our next target, where we are expecting to see some kind of strong rejection due to the round number, where usually a lot of liquidity is sitting.
So currently we are aiming for $4K and once we are there, we will be monitoring the markets to see if we will expand further or go into a smaller correction!
Swallow Academy
As mentioned, $4000 is our next target, where we are expecting to see some kind of strong rejection due to the round number, where usually a lot of liquidity is sitting.
So currently we are aiming for $4K and once we are there, we will be monitoring the markets to see if we will expand further or go into a smaller correction!
Swallow Academy
Note
Ethereum is very close to the $4000 zone, which is both a psychological zone (thanks to it being a round number) and a major resistance zone for us currently.
What we see is simple: movement to that upper resistance zone where we expect to see some smaller rejection, eventually a breakout, and further movement to upper zones towards the new ATH.
Note
We were very close to our target of $4000,, where we had an early overtake by sellers, correcting the coin properly and stabilizing most of the the indicators like Bollinger Bands and RSI that we both use.
Monday was full of manipulations and now today we started with some strong downside movement, but we are bullish as long as we are above $3400
Note
Ethereum buyers have to reclaim back the middle line of Bollinger Bands, which recently switched the trends and is now under the control of sellers.
This sideways movement we have had is like a perfect setup, which will most likely lead the ETH to $4000K, which is one of the major resistance areas and a round number, which gives it a status of "psychological resistance."
Note
Ethereum had its fun this week, and now we are already seeing some signs of buyer dominance forming here.
Based on our overall target and bigger timeframes, TAs, the $4000 is the target and 4hour candels are showing that buyers have not given away anything yet but rather have just been accumulating.
As long as we are above our entry area, we are bullish, and so should you be ...
🚨 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.
🚨 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.