Ethereum (ETH): Possible Start of DCA / Approaching Resistance

2 Des 2024

Ethereum has expanded pretty well here where price is yet to touch that upper resistance zone, from where we expect to see some kind of smaller correctional movement before breaking this zone fully there and moving to new ALL TIME HIGHs.

We see that there is a good possibility of DCA-ing the position here, which would end up touching both of our orange lines (which we marked as target zones).

Swallow Team

3 Des 2024

Catatan

Ethereum has nicely been going up since breaking that triangle pattern on lower zones, fomring BoS, and claiming new upper zones.

Now we are expecting to see a possible market structure break, which would possibly lead the price to lower zones!!!

4 Des 2024

Catatan

Ethereum has failed to secure the MSB and is currently heading towards another possible BoS.

While price has not fully formed the MSB, we are not entering into a short position here but rather look for further upward movement while we keep on forming those BoS zones.

Thoughts?

5 Des 2024

Catatan

On the Ethereum, we are 2 sided here, where we wait for another bounce zone to form (from where it would be good to take a long position with targets on a bigger timeframe) or we will see a touch to the last bounce zone, where most likely we will see a breakdown and a movement to the lower target zone.

As of now, all we can do is wait (just like on Bitcoin) so we wait for the perfect setup to form!

6 Des 2024

Catatan

Buyers quickly suppressed the recent sell-off on ETH, regaining control and now heading towards the local top.

As we previously mentioned, we are waiting for the lower entry zone to be reopened for a selling opportunity or another bounce zone to be formed here, from which we will seek a buying opportunity.

So we wait!