Ethereum is not showing any remorse to sellers of the coin, and we are almost near the major resistance zone of $4000.
What we are looking for or expecting from here is either to get the proper breakout from this region or a rejection. As of now it is hard to say which one we will get so once we reach that resistance, we are going to look at further market structure development for any more signs.
Swallow Academy
What we are looking for or expecting from here is either to get the proper breakout from this region or a rejection. As of now it is hard to say which one we will get so once we reach that resistance, we are going to look at further market structure development for any more signs.
Swallow Academy
Note
Ethereum is still below our current target, which is $4000. Soon to approach it, we are looking for a breakout from there and another trade to be opened right after the breakout.
The game plan is simple: 1 trade has been successfully closed, and the second one is almost near the target. Now waiting for the third one to be activated!
Note
Ethereum was so close to $4K that we considered it basically reading the target; now we set a new target and a new entry for us as well.
We are looking for a complete breakout to happen from the region of $4000, which then would open for us an opportunity for a bullish move towards the $4800.
Note
Ethereum was so close to $4K that we considered it basically reading the target; now we set a new target and a new entry for us as well.
We are looking for a complete breakout to happen from the region of $4000, which then would open for us an opportunity for a bullish move towards the $4800.
Note
ETH still looks good; we hit the target lately and now we are looking for the breakout to happen, which will give us another opportunity for a long position towards the $4800 zone.
Note
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.
🚨 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.