EuropeCoin Could Double in ValueEuropeCoin clearly trending upwards as the uptrend trendline is being rejected repeatedly. On the last corrective wave down from $1.35, ERC/USD lost 67%, and the fall was stopped by the uptrend trendline as well as 88.6% Fibonacci retracement level.
After rejecting the support price jumped up to $0.9, gaining over 100% in less than a day. However the descending channel has been rejected and in order for EuropeCoin to prove the uptrend, daily close must be above $0.93 which currently acting as a resistance. Break above should result in a continuation of the uptrend which could send price as high as $1.9, that is a 100% gain from the current price. At the same time, $1.42 resistance level should be watched as the first potential upside target.
On a downside, only a daily break and close below the $0.32 could invalidate bullish outlook.
Europe
DASHEURMissed the opportunity of buying in early stage.
It is nice to see how the corrective waves hit exactly the targets as expected for a crypto correction. A wave until 0.618, B wave 0.618, and shallow C wave until 0.5.
Next targets
Sell; 1090 euro
Buy 1; 970 euro (End of wave 4)
For long term investors I would suggest to buy now and buy with a small discount.
For any request, comments, questions feel free to contact me.
EuropeCoin VS Bitcoin Buying OpportunityEuropeCoin has begun trading upwards after hitting the 3k satoshi low. Price broke above the 200 MovingAverage and after a month of consolidation and multiple rejections of the 200 MA, 23.6% Fibs support as well as 2/1 Gann Fan trendline price broke above the upper trendline of the descending channel.
Price broke above the channel and previous high at 9k satoshi with confidence, under a heavy volume, suggesting the continuation of the uptrend. The nearest resistance is seen at 61.8% Fibonacci retracement that is 13.4k satoshi, that is 50% growth potential from the current price. Only break and close below 7k satoshi support could invalidate bullish outlook.
EUR/NZD is currently at interesting point! Breaks or NOT?Looks like EUR/NZD is about to show us something interesting. If it breaks the line -----> Bearish trend down to 1.62000 level
If it won't break the line -----> then we will see a further upward movement possibly up to 1.74000. Fundamentals are in favour of EUR!
So let's keep an eye on this lovely currency pair!
Buy DAX and hold at leat for this week?The DAX is recovering from last week's lows. The hammer confirms that the 12000 level is a strong support. The trend line shows that a shy uptrend is taking place. It will probably retrace on the 50% fibonacci level where also the 50 and 100 period EMA will function as a resistence.
EURO STOXX 50. Sell on breakdown. Target 2655This could be a large WXY flat correction.
We are in the last Y wave down.
It could be a hefty gain.
Target at 2655 level is the minimum.
I like European indexes clean charts and ideal touch points as you could see in the EURO Stoxx 50 here.
REP Breaking triangleAfter first push until previous all time high, REPEUR breaks out of triangle in a bullish way.
Based on Elliot wave counting, I expect the upward wave to hit Fib 1.618.
MACD is showing turning direction in bullish trend.
Buy target: 24 - 26.5 euro (break of previous high)
First stop: 33 euro
Second stop: 40.5 euro
Good luck.
Why The ECB Press Conference Plummeted EUR/USDThe European Central Bank had a conference where Mario Draghi, President of ECB, presented the ECB. One of his alarming statements were that the ECB has decided to cut their monthly asset purchases in half, from 60bn Euros to 30bn Euros, starting of January. With economic intuition, this enlightens Europe's inflation struggles it has had over the past few quarters. As well as Draghi's actions on APP, He has also insisted that quantitative easing is needed for ECB to reach their inflation rate target. Quantitative easing tends to looked as panic and a last resort for economies when trying to boost inflation rate; this can be shown from the massive decrease in value of the EUR/USD after this press conference where EUR/USD major support has been broken @ 1.70739. Lastly, U.S.A's GDP results are pending tomorrow and it is foretasted to be less that last month's 3.1% GDP, this month's forecast is at 2.5%.
Fuel for a EUR/USD move down/ euro retail sales down MomThe EUR/USD pair has broken down below a steep trendline. This morning, the euro area's retail sales were down .5 percent MoM. I believe this is going to fuel a move down on the pair and we can continue to see the pair trend down as the dollar strengthens and the euro area's economy slows a bit. I think we can see levels all they way down to 1.14 over the first half of the next quarter.