Ethereum (ETH): 2 Unfilled CME Gaps ($2,440 & $2,220)
Ethereum has made another bounce from the bullish trend here, where this time with a sharp break of EMAs we have formed a nice small CME gap near that bullish trend zone.
As you all know, a CME gap acts as a magnet over some time, and now this is the second CME gap that has been unfilled since September.
So our gameplan is simple: look for a rejection from the upper zone (after some further bullish movement) and then a break of trend, which would result in a fill of the second CME gap!
Swallow Team
As you all know, a CME gap acts as a magnet over some time, and now this is the second CME gap that has been unfilled since September.
So our gameplan is simple: look for a rejection from the upper zone (after some further bullish movement) and then a break of trend, which would result in a fill of the second CME gap!
Swallow Team
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!
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