Etheuro
ETHEREUM Let me Repeat: Rise till February 8thI am terribly sorry but i keep repeating myself here:
Ethereum will keep on rising until Feb 8th
We remained BULLISH while many were trying to go short (some of you made fun of me came on chat playing smart-asses, now you disappeared, I MISS YOU!)
Well, we knew it and it's happening , ATHs were expected and we stopped counting them.
At the same time, it has been a Classic Example of how to buy dips when you have a clear direction fundamentally.
Thank you and please wait for the Feb 8 video explanation.
ETHEUR possible scenariosHello traders, I hope you're doing well.
Apparently a downward channel is being formed, as suggested by the grey polyline. After testing again the resistance at 1381 EUR, we might expect a retracement up to the area signaled by the purple rectangle (Fib 0,618 and 0,50). As you can notice, KDJ signals overbought, momentum is decreasing, and MACD histogram has reached its first threshold (signaled by a green dotted line).
If 1341 EUR is surpassed, my expectation is that the next support would be, naturally, 1314 EUR and 1300 EUR. Now, if that support is trespassed, price would keep sinking up to 1287 EUR, which is a support based on a Fib retracement taken from ATH to 1210 EUR, which is the breaking point from the main support (ie. flat top triangle).
[ETH] - So far, not bad.I was about to publish my ETH idea the other day (red line) although I regretted it and decided to wait to see how the price development happened. Today three days later we can verify that the price, more or less, remains stable within the ascending channel drawn.
What to expect next? Buff, so weekend is ahead and we are also giving way to the last week of April, with a lot of relevant dates in the economic calendar, apart from the fact that not very optimistic data regarding transport or employment in global terms are also accumulating, which we will soon see its effects on the price of ETH and all crypto in general.
Perhaps another new correction for speculation and fear of what this new system brings us and the human need to continue treating fiat money with the zero importance that it has. If not another new wave of adoption will come soon, in a reasonable interval of time of 2 years, apparently there is still a way to go in the development of the system but it is already latent and at these prices we must take advantage.
This idea revolves around the ascending channel, a drawing that in this 4-hour view is not appreciated, although in a larger one it has a steeper inclination. Just an idea, thanks!