Ethereum(ETH): Will We Go Towards EMAs?
Updated
With ETH being very volatile, it is looking for a breakdown of current zone (After having massive movement to upper zones)
We are closely monitoring price to potentially secure those lower zones (securing by bears); once we see it, it should be a good start for price to move closer to both 100 and 200 EMAs.
Swallow Team
We are closely monitoring price to potentially secure those lower zones (securing by bears); once we see it, it should be a good start for price to move closer to both 100 and 200 EMAs.
Swallow Team
Comment
We had a really nice breakdown from the major zone that has been holding the price for the last few weeks.
Now that we have the breakdown, we are looking for a confirmational re-test, which is currently in process. Once we get a nice rejection, we will go for that lower zone at $2150.
Trade closed: target reached
ETH reached our major target of the lower support zone, from where it bounced back up. We had a nice, small 8% market price movement here!
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