Ethereum (ETH): Smaller Re-Test Incoming!
Ethereum had a good bounce from the local bullish trend on lower zones, which also broke a smaller resistance zone (on smaller timeframes).
Although our gameplan for ETH is to buy it all the way until ATH, we are seeing currently a possibility of a smalelr re-test to form, which would drop the price of ETH by 10–15%.
So keep that in mind, as this is a good opportunity to DCA the ETH and buy with smaller margins in!!
Swallow Team
Although our gameplan for ETH is to buy it all the way until ATH, we are seeing currently a possibility of a smalelr re-test to form, which would drop the price of ETH by 10–15%.
So keep that in mind, as this is a good opportunity to DCA the ETH and buy with smaller margins in!!
Swallow Team
Note
Ethereum has almost filled the first CME gap after sellers showed dominance on upper zones, forming a good resistance zone right there.
Now that we see that sellers are slowly taking over here, our gameplan is simple: we seek a re-test of the local broken zone near EMAs, which would be a good zone to bounce back up!
Note
Ethereum still needs to test that broken zone near $2,800, where price is slowly heading as of now.
This could be a good zone to DCA the ETH coin and catch the movement to lower zones but this all will be invalid if they break that upper resistance zone and bulls take over that zone.
So for now we want that 2800 zoen to be reached and after that we should see a slight upward movement so let's see!
Note
Ethereum, on the other hand, is showing us a good possibility of downward movement happening (if we manage to breakdown from this triangle pattern).
As we have filled the CME gap almost and we are on the edge to break the triangle pattern (as we see pressure from sellers).
While CME is one of our targets, our major target is that lower support zone (which has not been secured yet).
Ethereum has had a really good rally to upper zones (where we got rejected) so most logical thing from here is to get a bounce back up from strong support 👀
Note
Ethereum made a smalelr fakout below our supportive trend on triangle pattern, where now price is trying to breakout from upper sides.
We are monitoring the movement and added another possible scenario for coins where buyers secure that zone and push further to test that upper resistance zone (where upon seeing a rejection we will look for a short position)!
Note
Ethereum has reached our zone of resistance after breaking out from tringle formation. As price has expanded here, we are seeing some signs of weakness, which could give us a possible signal for downward movement that will come from here.
We are going to look at a smaller timeframe for any MSB to form, and once we see confirmation, we would enter with a short position here!
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⚡️ Short-Term + Mid-Term Trades
Join our amazing team and be part of something bigger.
FREE: t.me/+fiEDSn7M9pJkODA0
🚨 Authentic Mentoring
⚡️ Short-Term + Mid-Term Trades
Join our amazing team and be part of something bigger.
FREE: t.me/+fiEDSn7M9pJkODA0
⚡️ Short-Term + Mid-Term Trades
Join our amazing team and be part of something bigger.
FREE: t.me/+fiEDSn7M9pJkODA0
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