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ETHEUR

ETH is Getting Tight! - How to TradeETHUSD is currently getting squeezed between several major Daily EMA levels. These being the 100 and then higher up 200 EMA which are acting as major resistance. Then we have the 50/20 DEMAs which are acting as support. These Daily EMA's have not been this tight for several months. Which once there is a close above or bellow these levels, it is generally a signal of a breakout. My Plan: With ETHUSD sitting just above the current support level, I have entered a small spot long with a S/L at a lower low. However IF ETH were to break down below the 183 I plan to swap this for a short with a primary target of ~155. IF the 20/50 DEMA continues to hold and we see some upward movement, I plan to add to this position with a close above 191 and then again at 197. From there I would likely take some profit at the trendline around 205 and re-evaulte whether I think ETH is about to breakout or not. I will update this idea as time progresses. Wish you all the best of luck!
BITMEX:ETHUSD.P
by oh92
1
ETHEUR Waiting for a move. 1hHi guys, fast analysis. ETHEUR is trying to claim 160€, price is lagging in a small channel, bouncing on EMA200 (160€) and 165€. We need to break 170€, claim it and break 175€ too (EMA200 4h), then i see if i can open a long with a target between 210€ and 250€. On the bearish side if we break the support zone at 160€ we have 1 small resistence at 155€ and a huge resistence at 150€. I keep checking for a short if price close <150€ with a first target at 120€ and a second target at 90€. Let's see how it goes. on the long run my bias is bearish if we cant claim back 215 and then 300€. Be safe out there.
by nekroelle
A Perfect Opportunity. longterm bottoming trendline reached.Last idea was about going short ETH. Now we've pretty much reached our target and I remembered this channel that I've used when I was fishing for a bottom in ETH. I actually bought eth then at around 70 euros. But I sold quickly since I didn't believe the bounce as most us here didn't. And watched the price run away. Well now we've got an entry at same exact spot the market bounced furiuosly the last 2 times. And with the oscillators being at oversold territory can't see a reason not to take this chance one more time
Long
by MedianLineAnalysis
2
Ethereum 371 Target in SightThis analysis above entirely based on time based fib extensions and trend based extensions. Time based and trend based extensions use historical data to plot Fibonacci Levels rather than traditional Fibonacci levels which are just percent levels between two points. Both are extremely useful however I have found trend based levels to be more helpful in a trending market. The chart below shows how these levels were created: As you can see, the .618 levels marked as a perfect intermittent target which was hit successfully. Continuing this method of analysis, mixed with a few major trend lines, 371 on Jul 30th as a perfect target for this wave. At the moment Ethereum is facing major trend line resistance at 320. If ETH is able to break through this level, 371 would be a very viable target. My Plan: Mixing this exact method with additional Fibonacci fractals, the ideal entry point for this move would be 285. Therefore I am keeping myself from entering a large long position until the 320 trend line is broken OR Ethereum retraces back to the 285 level and finds support before July 30th. We already have one perfect target. Lets see if we can get another! I hope you all found this analysis interesting and maybe even helpful. I wish you all the best of luck!
BITMEX:ETHUSD.PLong
by oh92
3
Better off putting money into ALTCOINS than BTC?*** THIS IS NOT AN ADVICE, DO YOUR RESEARCH AND TRADE WITH YOUR OWN RESPONSIBILITY*** We've seen BTC skyrocketing like there is no resistance so far ever since the breakout from $4,000. Historically ETH has been following BTC and even outperforming its master during the euphoria periods. Everything is pretty much ready to take off at the time of this publication. TOTAL and TOTAL2 are similar to each other, buying the lagger is the play here. *** THIS IS NOT AN ADVICE, DO YOUR RESEARCH AND TRADE WITH YOUR OWN RESPONSIBILITY***
BITFINEX:ETHUSDLong
by JoE
ETH ready to breakout? Bulls are readySo, let's see how we can play with our little position of early June. Entered at 215e. Targets: - TP1 at 260e - TP2 at 285e - TP3 at 300e Volume is low lately, but I really don't think we have seen the ethereum dragon wake up yet. Stoch RSI in daily is overbought indeed, however take a look at the exact same situation one month ago. We had two little pumps in this area (80-100) before a big red candle when we hit the resistance (upper part of the arising chanel, in red). Same happened at the end of February 2019. To conclude: given the current volume in ETH, I don't think that we will break the arising chanel by the top soon.More likely than a direct explosion of the resistance (red area), we might grind it in the coming weeks, little pumps by pumps.
Long
by RodolfFlocon
A Different Perspective with Line ChartsLine charts not only provide a cleaner version of what your are trading, but a different perspective. The chart above displays my take on ETHUSD using the 1 hour line chart which is one of my favorites. While comparing this to the candlestick chart, you will see that this provides a much cleaner and maybe even clearer analysis of what the market is doing. The chart below displays both trendline created from both so that you can see the additional noise created by the wicks. Taking a closer look at the published chart above, you may notice a pattern of ETHUSD hitting intersection points of trendlines created on the hourly timeframe. IF ETHUSD would continue to do so, we could possibly get a pattern similar to the one charted above with the red arrows. I created this pattern by assuming that we may create an ABCD correction in conjunction with: BTC sitting on one of my major support lines My Volume Extension PRO indicator has been giving multiple buy signals between 234 & 243 with no substantial pullback A major intersection is coming up We have yet to create a Lower Low ABCD patterns are extremely common in corrective waves ETHBTC looks extremely bullish Thank you all for reading & I wish you the best of luck! cheers!
COINBASE:ETHUSD
by oh92
1
It's Time to Look for SupportCorrections are needed for more upward movement :) The last several weeks Bitcoin has seen amazing price action while Ethereum has been lagging behind. Finally Ethereum is making moves! Just not in the direction many hoped.. Over the last 24 hours, Ethereum has been knocking out support trendlines one by one. Creating nearly an 8% drop from its local high of $175, and smashing through one its vital support trendlines. The break in these trendlines in combination with the Bitcoin price action has led me to believe that we may be starting a correction wave . If this is indeed the start of a correction wave , I expect further breakdown to follow. Currently most oscillators are bottomed or overextended on lower timeframes. Therefore we may get a little upward movement to restest the recently broken trendline. My plan of action: I am hoping to get a small short entry around 167. Currently my first target will be 154 followed by the Harmonic Anti-Alternative Shark completion at 142. Long Term: Until the bottom major trendline is broken. I see no reason to turn full bear. The crypto market has seen quite the turn around since the bottom. Just remember: Corrections are needed for more upward movement :)
COINBASE:ETHUSDShort
by oh92