Ethereum (ETH): Rejection From Resistance!
Since yesterday we had a nice touch to the upper resistance zone, where after that sellers showed dominance and price got rejected.
We are now looking for a few candles to show us further sellers dominance, giving us final confirmations of a good downward movement.
RSI has started a nice downtrend and Bollinger Bands has stabilised as well, ready to fall.
Swallow Team
We are now looking for a few candles to show us further sellers dominance, giving us final confirmations of a good downward movement.
RSI has started a nice downtrend and Bollinger Bands has stabilised as well, ready to fall.
Swallow Team
Note
Ethereum coin has a nice 7% market price movement where price moved just as we needed.
Now that we have approached the trend line, we are looking for a quick fill of the CME gap and, from there, a possible further movement to fill that lower CME gap as well (if sellers manage to secure the trend zone).
Note
Price has fallen nicely here and still keeps on falling further towards our second CME gap. As we recently broke the bullish trend (while going for the first CME gap), we are now seeing some kind of re-test attempts.
We are looking for further movement from here to lower zones, so eyes on the second CME!
🚨 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
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.