Ethereum (ETH): Bloody End of Week & Start of Month | We Wait!

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Well, we were close to breaking out of the $4000 area and now we are back on the lower side of the area, where sellers are showing strong pressure to coin.

As we approached the 100 EMA, we waited. Waiting is the worst part of trading, but that's what we do here. The 200 EMA is one key zone for us for another buying opportunity so if we keep on falling, that's the zone we are aiming for.

The second point of interest is the current 100 EMA, where if we see MSB to form, there might be a smaller scalp opportunity.

And last but not least, the zone above $4000.

Swallow Academy

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