Is ETH waiting for Chinese markets to open?Possibility of a retest of previous ATH, then full throttle forward.
ETHXBT
ETHEUR: Long term view, chart of all chartsThis is how the Ethereum chart looks, plotted against the Euro using Kraken data. It has been the most reliable instrument to perform analysis on this pair, together with $ETHBTC from the Poloniex feed. Currently, we are tracing a daily, weekly and monthly uptrend. Periodically, smaller timeframes might be in a consolidation or retracement phase, to then rejoin the big picture trend in the monthly.
Right now, we can anticipate higher prices all month, courtesy of the daily and weekly signals depicted in yellow and turquoise. This weekend is loaded with fundamental events that can further boost this rally, so I think it is logical to see $ETHEUR hit the daily and weekly top target zones in time or even earlier than expected.
After the time expires for these signals, we could commence a consolidation phase, which can take a myriad of shapes, and isn't predictable yet, other than on a time duration basis. Normally, the market will absorb supply from profit taking, which takes a proportional amount of time to the rally itself, so it is logical to observe what Tim West has noted in his 'Time at Mode' proprietary method. So far, this methodology has served me well, and I would be glad to share the benefits of it with people interested in trading these powerful trends. Tim is working on new material currently, you can pm me or him to learn more about it.
Now, on to the trading reccomendation aspect, if you're long, consider average volatility to determine your position sizing. During a trend, it is reccomended to gain exposure, and while consolidating, trimming it back down, or outright taking profits. Don't risk more than a 10% drawdown on a worst case scenario basis if trading long term, it will be hard to recover otherwise.
Keep your coins safe in hardware wallets like the Trezor or Ledger nano, and make sure you do your due diligence when it comes to cybersecurity, and exposure to centralized exchange risk and margin trading.
Good luck,
Ivan Labrie.
ETHBTC: Ethereum is in an uptrend in the intermediate term$ETHBTC shows a strong uptrend in place, with a good chance of accelerating after this weekend, which is charged with news, as the Enterprise Ethereum Alliance group releases a demo of the technology they have been working on, and a series of important events take place during next week and during June. If we hold up here, and just close here or higher, the weekly will confirm a new uptrend signal, with a considerable target, which I have labeled on chart here.
At the same time, we have a monthly uptrend currently active, which indicates two targets as logical and highly likely to be attained, 0.14 something and around 0.25 BTC, in the ratio chart here. Refer to my other $ETHEUR posts for the fiat targets and analysis. Although the chart is slightly different, strong trending moves in $ETHEUR will correlate with the $ETHBTC ratio going up for the most part.
Good luck if already long, if not, buy into it during a few days, price shouldn't drop below 0.0359 technically speaking, and any retest of the zone below would warrant a buy, but hopefully, it doesn't happen and it just trends up from here onwards.
Cheers,
Ivan Labrie.
ETH Short Term DowntrendLooks like a descending channel for a short-term down. A break above the descending trend-line invalidates this trade setup.
GL and comments are welcome.
ETHXBT: Uptrend updateI had forecasted this was a monthly uptrend, now confirming on close today.
Targets on chart. I hope you followed my advice and are holdings longs in $ETH.
Best of luck,
Ivan Labrie.
Eth cup and handle unless downtrend formedFear is worse than greed, we have seen so many times happened in crypto market. Majority people are still with eth and accumulation is stronger than never. 4 hour RSI haven't reach its bottom, therefore, more dumping can happen. Tons of new project build on eth has been announced and I think there will be more in the future. short from 0.055-56 and buy back at 0.46-0.48. Next target 1.618 fib which is at least 0.093 btc.
ETHEREUM: MEGABULLNew ATH's are currently being made on Ethereum and I think its far from done. Bitcoin is near its peak at $1500-$1550 USD; once it dumps the money will flow to Ethereum , pushing it to the $130-$140 area.
Ethereum Next Trade Setup (Waiting for bullish confirmation)Several key resistance levels here as shown. $51.5 is currently a monster resistance level.
The last trade went very well and a 2x of the pot was yielded using margin / key TP levels.
Setup is as shown on the chart. A 1D close above $51 invalidates this setup.
A 4hr close bellow the 0.382 fib invalidates the cup/handle and we are back to the channel support currently at $47.5.
Patience is key here - don't fomo rush
ETH Idk what this chart is, buy hey it looks good lets try itEh. Lets see how it goes! Opinions? What other charts have you seen that match up with this one? What other charts do you see as likely to happen? Comment below.
ETH RocketWith BTC at the edge of a cliff combined with Bitfinex withdrawals halted and scaling stagnation, the world computer is ready for a new ATH. Go long and enjoy the flight with Ethereum Airlines
Possible ETH Breakdown PathSmall short at this point, will add if we follow the path and hit the descending trend line.
ETH Big Picture - Money Needs to Test Support 1D chartIdeas only - not trading this yet, if we see a close under structure I will short to TP1 and TP2.
TA done for ETHBTC as that is driving price action.
ETHUSD ETHBTC My thoughts on the direction of ETHIf you look at my last idea, you can see where this idea originates. I think it will break the current resistance at ~45 and continue up to the ~$48-50 resistance mark. I will be selling shares around then because I feel it may go back down to what would be the ~$45 support (or even lower) to finish off the head and shoulders pattern. What do you think?
