Ethereum (ETH): Plan A playing Out Well / Possible 50% Movement

28 Apr

Ethereum has established a strong supportive zone where buyers have formed a nice MSB on smaller timeframes and now are breaking breakingthe structure step by step.

This kind of movement seems like a pretty good start for a possible movement that we are looking for, which would fill the big FVGs that price has left on upper zones and the retest of EMAs, which are MUST-HAVE if we want to see any kind of proper movement in the future without choppy moves like we have been having lately.

So, we are aiming to see a good upward movement from now on....

Swallow Academy

29 Apr

Nota

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.

30 Apr

Nota

Looking at candles on the 4-hour timeframe, we are noticing the strong momentums from sellers with big and strong red candles they form after some kind of upward movement (which comes with hard work from buyers).

This kind of dominance is giving us a possible sign of an upcoming bigger selloff so we need to monitor here the 200 EMA, which is acting currently as a support zone. Once we see a 4-hour candle close below that EMA, we will be looking for downside movement!

1 Mei

Nota

Ethereum is still inside the golden zone, which we determined on a 4-hour timeframe, where we see pressure from sellers being bigger than buyers.

Usually this kind of structure development leads to MSB formation so that's what we are looking for. As long as sellers maintain the price below the upper resistance zone, we are good for a smaller correctional movement here.

2 Mei

Nota

Buyers failed to have a proper breakout on ETH, where sellers took back the dominance and now are showing pressure, pushing the price back to the lower side of the sideways channel. Before reaching that zone, we are setting our first target at the 200EMA line, which has been acting as some sort of support area for the coin.