ETHEUR
ETH/EUR long setupETH/EUR tests 110-EMA at 514 levels, decisive break above could see further upside.
The pair is trading with a bullish momentum and decisive close above 110-EMA could see extension of gains.
RSI shows strength at 69 levels with room to run further. The pair also finds stiff resistance at 200-DMA at 520.
Next major resistance above 200-DMA lies at daily cloud at 575 ahead of 38.2% Fib at 621.
On the downside, we see immediate support at 5-DMA at 496. Bullish invalidation likely below 55-EMA at 467 levels.
Support levels - 496 (5-DMA), 467 (55-EMA), 429 (21-EMA)
Resistance levels - 575 (cloud base), 600, 621 (38.2% Fib)
Good to go long on decisive break above 200-DMA, SL: 465, TP: 600/ 620
EHTEUR Long position until the next resistanceUp Trend after consolidation time
Good news
Very good possibilities of rewards
Take profit at the next resistance
You showed me the way (ETH)The recent dip took me back to the drawing board and I'm still in a long position and the outlook is great.
Symmetrical triangle can transform to a gigantic bull flag opening doors to uncharted territory.
We have a potential inverse head and shoulders forming as well.
Good stuff.
ETH is playing the symmetry perfectly and fibs are showing the way.
Don't doubt, just believe !
BTCUSD H&S formed in 4h chartHi,
My friends, another bearish pattern is just formed, BTCUSD will go low in the coming few hours. target is 8500-8700
ETH Triangle Pattern Bull or Bear Breakout ? Target 725€ETH has previously confirmed its reversal bull trend. Reaching quickly the 578€ level (transposition of depth of cup&handle formation - see my previous idea) and correcting brutally until shot-term support trend line (blue). Despite bouncing back, it broke-down the first support trend line, indicating bear signal, forming a pennant pattern.
In case of a bull breakout we have our trigger at >580€ (if candle confirmed) and our first target around 600€ level (transposition of triangle height) and second target around 725€ level (transposition of scale stairs as see in screenshot below).
RSI mid range (50 now) so more up is possible. This scenario would make a nice validated continuation pattern.
In case of a bear breakout, very likely fall until support zone (435-485) as shown and expected bounce back.
ETH ROCKET UPDATE .2 (CORRECTION PHASE)Traders,
Here we have ETHUSD D chart.
Kindly check the main idea:
then update .1
Let's talk about the situation of this monster for the next few days at the first update drew a neck line to be broken and it will cause of the end of the up-trend is going to be end soon here on the 4H chart as you see below :''the heavy blue line is the newest down-trend line'' that will lead the price to break the main up trend and heading to the 500$ levels.
Note: 40 like to update this series with you guys to know if there any traders are interested with it or leave it to the wind
Trade safe at the end
Regards,
Mohsen
ETH ROCKET UPDATE .1 (CORRECTION PHASE)Traders,
Here we have ETHUSD D chart.
Kindly check the main idea of the ETH rocket here below:
So today maybe will be the last day to confirm a perfect double top for this daily candle.
The last day candle was a bearish engulfing
and hence ETHUSD is quite confirmed to form a doulbe top
we can sell ETHUSD now and aim for a great down fall
Also break the neck line.
Regards,
Mohsen
Update on ETHSince ETH had a strong correction yesterday ETH failing to crack the 580€ resistance, it is now consolidating in the bottom of the green uptrend channel.
Since the support of this channel stoped ETH from loosing more we can still expect the rally to go on in the next couple of days.
Personally I expect it to retest 580€ and even crack it by the end of next weekend.
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Keep in mind this is no investment advice just my thoughts.
And another repetitive beartrap... in ETHThe weekly indicators look strong, but daily indicators look stronger. We're testing the weak hands for now until we get into the daily RSI oversold zone (and confirm it in weekly) to close the long position.
>35% potentially in this Long entry (from 0.070ish to 0.095ish).
Since Ether against fiat (EUR/USD) completed the classic bubble crash pattern, it reinforces this bullish sentiment against bitcoin pairing. This means I think Ether will outperform Bitcoin during this "bullrun", and thus I'm splitting half stack from Btc to Eth. Will reinforce the position if I see confirmation later. Stop loss slightly below the blue 78.60% level that we tested overnight (0.065 zone). Risk to reward ratio over 5 looks gud enough to me to trust fake divergences and bullish MACD.
for the record, this is how weekly indicators look as of press time
Risky, but risk/reward of 5 it's too tempting. Wish me luck!
ETH down. To know why, enter here and check the fractals.Hi, there. As I said to you, there are amazingly similar patterns (fractals) in these two mountains.
If you think it will go to $1400 or close, I think you can wipe your accounts off.
Why do I know it goes down and can imitate the same behaviour? Well, this last bullrun was the Wave 4 of the correction, and now, it needs to go down again and complete the Wave 5.
Trade at your own risk. I’m not responsible of your actions.
Have a nice day! :)
ETH/EUR Elliot wave count and targetsWave 5 of Wave C of wave B yet to come.
Short entry around 560 euros
Target around 470 euros
Will ETH crash again?The green lines show the main upward channel of ETH.
ETH went a little too high yesterday and left the channel to the top where it tested multiple times 580 but hit very strong resistance.
Therefore it had to retract back in the channel where we are now checking the bottom.
So the are two possible outcomes:
1. We can hold the bottom of the channel wich sends the price up again to recheck 580 resistance in a couple of days.
2. We don't hold the bottom of the channel and might fall back to 400 again.
Did you take your history lesson? (ETH)If you watched my chart (Dropping the history BOMB) , this is roughly what we can expect, in the case of the history repeating itself.
No surgical precision here, only rough outlines.
ETH Next Move Close!(Possible Danger)If we drop outside the green area we are likely to enter a downtrend. Lookin for a bounce at the black dotted line. The red lines contracting the price action, meaning we will fall out from it and make a big downwave. We can confirm this if we fall into the red side of the flag.
ETH EXPLOSION UPDATE ! Traders,
Here we have ETHUSD 4H chart Update.
Published past 2 ideas about this monster a few days ago here below:
That was saying that we have a perfect example on Gann's method to trade and time cycle and here we have the establishing of this method with the amazing fib replacements, so here we have the update to know the right points that will drive the price to the strong resistance
1- The price will stop at 0.236 Fib at 610$ and then retesting the low levels at 400$ levels minimum 390$ with decline of BTC 1.09%
2- After retesting we will have a strong move to touch the 0.382 level but not closing above it at around 770$ small correction with BTC 1.09% again to 600$ levels
3-Reaching 800$ after few weeks will determine the big moves with a positive news about ETH
4- ETH will take BTC 1.09% place palace and the crown will lead it to all time high that's a humble vision of mine at the end.
Regards,
Mohsen
ETH EXPLOSION UPDATE ! Traders,
Here we have ETHUSD 4H chart.
I posted a ETHUSD analysis lately, and the Gann's moved smoothly with some changes simple but for the short term traders you can check ideas here below:
Price is trading upwards since our 1st ETH analysis, and if you followed me, you would have made significant profits already.
Price is now trading at 605, after breaking out the bear trend line continuing to the upside. Price is currently finding strong resistance at 0.236 Fib, because of this, There is a chance there could be a correction now, before any further upside ensues.
to touch the major 200 EMA at 505$ after recovering from this little cross of EMA 50 and 200, but the main idea about this monster coin is as it is at 0.382 Fib 770$
Note:
This idea will be short for day or two as a maximum prediction
Regards,
Mohsen
ETH, Whats going on? Squeeze and tease! Bullish beasts exists.----- SCROLL DOWN TO SKIP INTRO -----
Hello Traders, followers, hodlers or simply crypto enthusiasts. Are we expecting the price to shoot to 1200€ soon? I say ; too soon buddy.
But! We have some bullish signs. All we need to do first is assess the situation:
I have made some pretty good calls here in TW, but always i suggest that you always make up your own mind, if thats something that makes sense to you.
------- END OF INTRO ---------
- Price has risen from 292 euro up now all the way to a peak of 436. I would say that if you bought in under 300 or in the low teens, taking profit would have been a good idea in the 420+ range.
Besides that, we have to change our outlook further to see what lies ahead.
- Keep Eye on the rising support, will it break and make a steep correction down? Or do we get feinted into a little more bull rally traps?
My assessment is that a retrace to the 370€ is the least we can expect us. We have to keep eye on the support levels , most importantly 392 - to hold to secure more gains.
If 392 breaks we could see a retrace to the origin of the bullish upswing from 370€ - but i doubt there is much strength to it. Therefore i look took to get in around 350-340, or even better around 330-322
My mid long term outlook on ethereum is bullish. I think Ethereum will recover nicely along bitcoin. But not to our expectations, I have modest expectations and we could swiftly get our head chopped down to new lows. Prepare for the best scenario (Or worse, it's 50/50 in the end). Trade with brain not heart.
-------- ENTRY/TP RATING -----------
MY PERSONAL ENTRY ZONE RATINGS
A+ 322€
A 330€
A- 340€
B+ 350€
B 360€
B- 370€
EXIT/TP ZONEZ
A+ 625€
A 574€
A- 540€
B 515€
B+ 497€
B 449€
-------- Key stuff ---------------
"Approx. two weeks of consolidation around 300, further declines stopped at 392, bullish activity increased."
"The Printings of higher highs and higher lows confirmed"
"A break below the support rising trendline can bring another good oppertunity to buy for mid term long set up."
"Bullish flag ! , bearish hs inside !....Mixed signals, market showing a bit of weakness, more volatility to be expected"
"Break below 397€ indicates decline to the buy zones as probable to medium high"
------IMPORTANT -----
A break below green lower channel indicates temporary uptrend/support holding has come to an end, and we look for more downside in the longer term.--------------
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GOOD LUCK
ETH short term shortShort term trade idea. I have sell order setup at 420. I don't think it's getting filled but just in case my stop is around 423. Sure thing stop should be around 426
ETHEUR possible correction to 370 - 390 EURETHEUR got to a level of possible correction - 4h chart RSI overbought, for a long time since last bull run in 2017. Expect correction to get in for a wave attacking 0,236 Fib levels of long term bearish trend and 550 EUR price range. Correction to go at 370-390 price interval.
Long ETH/EUR break above 20-DMAETH/EUR rejected at session highs at 352.34, slips lower to currently trade at 331 levels.
The pair has broken above 5-DMA which is now immediate support at 316 levels.
Upside finds stiff resistance at 20-DMA at 354, breakout could see further upside.
Technical indicators are turning slightly bullish. We see scope for test of 55-EMA at 485 levels.
Stochs have rolled over from oversold levels and we see a bullish MACD line crossover on signal line.
On the flipside, retrace below 5-DMA could see test of 285 (major trendline). Violation at trendline could see further weakness.
Support levels - 316 (5-DMA), 300, 285 (major trendline)
Resistance levels - 354 (20-DMA), 400, 485 (55-EMA)
Good to go long on decisive break above 20-DMA, SL: 315, TP: 400/ 485
