Ethereum (ETH): Formed MSB | Now Time For Push From Here

575
ETH looks good for a pump—at least a push to 3,300–3,400 (where the EMAs are sitting).

This is our first target after a recent successful MSB we had on the lower zones.

Swallow Academy
Note
snapshot
200 EMA is the zone we are looking for to be broken, which would result in a trend switch and a continuation of upside movement.

We had a successful MSB and retest, which is major confirmation for the reversal that we had on lower zones; now we need that break of 200 EMA. Looks bullish
Note
snapshot
ETH has a good breakout where buyers secured the 200 EMA break and are still keeping that pressure, which is a good sign.

Setup looks clean and we are in now. We need the buyers to keep the dominance above that EMA and at one point we expect a very sharp upside movement.
Note
snapshot
ETH is doing good, where buyers still maintain the zone above the BOS area (our entry zone).

The game planThe game plan has not changed;changed; we still look for a breaka break of that 200 EMA,200 EMA, which we think will happen in this month. Once. Once we get it, the next target can be aimed for!

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.