Ethereum (ETH): Good Buy As Long As We Inside Bullish Channel

أول أمس

Ethereum is still inside the bullish channel after that bigger liquidation movement we had where the price quickly touched $2000.

As we are back in the channel, we are looking for some sort of bullish volume to build up here and then a nice upward breakout.

Currently we are at strong support (bullish channel + EMAs are holding the price).

If all plays out nice, we might be heading toward the ATHs from here, so let's see!

Swallow Team

أول أمس

ملاحظة

We have 2 possible scenarios for ETH where both of them would end up the same.

We are looking for another movement close to that liquidity grab zone but we want to see some kind of recovery right now towards the upper resistance zone from where we will be looking for another downward movement.

But if prices continue to show weakness as they do right now, we might see an early move (which will mess up the market much more, which means recovery will be quicker and faster).

قبل ١٥ ساعة

ملاحظة

Ethereum has a chance to break out from current zones, resulting in a volume break from Bollinger Bands, which then would send the price toward our target zone.

Setup is simple yet can give us some good results!