Nothing much has changed on Ethereum, where the price has been trading in our golden zone between the 200EMA and our resistance zone.
While price has been moving up and down in a sideways channel for the past week, we are expecting some volatile breakout or breakdown to happen this week, when the monthly candle of ETH will close and a new one will open.
So we wait; once one of our zones is reached, we will be looking for a long position or a short position (if 200EMA will be broken), depending on market structure development.
Swallow Academy
While price has been moving up and down in a sideways channel for the past week, we are expecting some volatile breakout or breakdown to happen this week, when the monthly candle of ETH will close and a new one will open.
So we wait; once one of our zones is reached, we will be looking for a long position or a short position (if 200EMA will be broken), depending on market structure development.
Swallow Academy
🚨 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.