Ethereum (ETH): Zone of Rejection Turning Into Zone of Breakout

Since last time, we were looking for a zone of rejection, which happened as well, where price had a smaller pullback, and now upon the start of a new week, we might be seeing the start of recovery as well.

Which means, as long as we are above the $3,350 zone (which is the local low area), we are bullish; if we break that zone, this would be the ideal area for a short!

Swallow Academy

Note

Ethereum has been one of the easiest coins to predict for upcoming moves, and we did it again. The 200 EMA rejected the price, which led to another smaller buy-side movement on the coin, giving us an opportunity for a long position here.

Well, nothing has changed; the game plan remains the same—we are aiming for $4000 again and then $4800.

6 days ago

Note

ETH is on fire, where the price is catching the buyside momentum and probably going for that $4000K breakout attempt once again, where our trade will be closed as well (in the region of $3950-$4000).

So we wait for that zone to be reached and once we break it there, we will be looking for another entry for a long to $4800!

5 days ago

Trade active

3 trades we had on ETH, in combined 45% of market price movement. Now that we are at the end of the current week, we are going to look for a proper breakout from $4000, where then we will be opening yet another long with the target being at $4800.

SwallowAcademy

🚨 Authentic Traders
⚡️ Short-Term + Mid-Term Trades

Keep an eye on us and you will not regret it. 😉

Telegram: t.me/+fiEDSn7M9pJkODA0

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SwallowAcademy

🚨 Authentic Traders
⚡️ Short-Term + Mid-Term Trades

Keep an eye on us and you will not regret it. 😉

Telegram: t.me/+fiEDSn7M9pJkODA0

Also on: