Ethereum (ETH): Looking for Break of Structure | $6000 | $7000

Aug 18

ETH is on fire; with a recent break of local highs, the price has reached the ATH zone, where now we are looking for a sharp BOS to form, which would open for us the opportunity for a movement toward the $6000-$7000 range.

This is our current target for ETH, but we have to see that proper BOS before we can form the next ATH.

Swallow Academy

Aug 20

Note

ETH still struggles inside the EMAs, where we are looking for any signs of MSB to form in this region. Currently, the 100 EMA is being retested once again, whereupon seeing a breakout and buyside dominance above it, we might be getting a good buy entry right there.

The overall plan is simple: we want to see a major bounce happen in the zones of EMAs, which would lead the price to a new ATH.

Aug 21

Note

ETH has entered the second stage of the upcoming bullish movement that we are expecting. Just like last time when we dipped below the EMAs, the price has reclaimed that zone back and now what we are looking for is a proper BOS to form near $4,370.

If we get that BOS there, then ETH will have a good bullish movement.

Aug 22

Trade active

ETH is moving just as we predicted, where the price is on the verge of having a really good bullish movement. Now there are 2 things we need for this to work out:

1) Stay above EMAs during the weekends
2) Form Break of Structure near $4,350

Once we get those 2 points, we can safely look for a long position and potentially a new ATH!