ETHEUR trade ideas
ETH - Do not chase the outbreak, enter safely on the pullbackIf you did not enter at the start of the breakout, do not FOMO and do not try to catch the ATH run in the middle of it even if you are bullish. Wait for a pullback and enter at a low risk, safe level. In the last few hours, I see more volume on the red candles than the green candles (hourly chart). Which is telling me that a pullback is coming.
We can see below strong support on the previous resistance (1190-1200 level). This also lines up with the 0.5 fibonacci level, which is where I expect this to retrace towards. That will be our entry level, with stoploss a little below resistance.
First target is around 9% gain. After that you can bring stop loss higher to lock profits if the bull run ends, but you can also keep part of your position to catch the next run (if there will be one). My advice however would be to make sure you close all positions before 8 Feb when ETH futures launch, because volatility will be super high. When BTC futures launched it went from ATH to almost ATL.
ETHEUR bullish trend pricing until mid FebruaryHello traders,
Flat top triangle is reaching its last stage, and we all expect it to burst upon its resistance on 1210 EUR. Here are some pricing scenarios for the next days:
01. On short term, prices will rise up to 1263 - 1278 EUR, based on a inverted head and shoulders which can be identified between January 25 and 29, 2h timeframe.
02. From there, price will rebound to test the new support on 1210 -1985 EUR before resuming the bullish trend
03. Considering the height og the flat top triangle, I expect prices to rise up to 1370 - 1400 EUR, though things can get a little bit awkward when ETHUSD reaches 1600 USD, which would be around 1343 EU
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ETH, bearish divergence on the daily?Looking for validation of this idea, people seem to be very bullish here around ATH, but getting a different vibe here..
ETHEREUM is getting ready for its moveAs you can see from the chart (1h Timeframe) different ascending triangles ( Blue- Yellow - Green) have been forming inside a larger ascending triangle (Red) Looks like something is brewing. Ethereum will most likely show its move soon. There is reason to think that it will move towards the upside to continue its momentum and try to break the resistance, which in this chart is represented by top part of the main (Red) ascending triangle that has tried to break several times already. If this happens,. ETH will consolidate above the previous ATH and consequentially form a new ATH
Inverted head and shoulders?Considering that the main pattern, namely the flat top triangle, is being put into question after weird recent price movements, I've notices that, due to the symmetry of highs and lows, we might be in presence of a reversal pattern dubbed 'inverted head and shoulders'. Notice that volume decreases on each correction and increases progressively on each new high
ETHEUR short and long term pricingA flat top triangle (polyline) forming since January 19 is on its last stage, presenting a potential uprise of about 28% (1522 EUR as target). In a shorter timespan, a symmetrical triangle forming since January 29 could pull prices up to 1240 EUR. Momentum, MACD histogram and KDJ are quite low and rising right now, so I don't expect prices to go lower than 1083 EUR.
---ETH is about to make a decision---We are currently in a grey period. Triangle formed on the 1 day interval. An IMPORTANT thing to also be on the look out for is the close of a weekly candle. In my opinion for the run to happen weekly needs to close above the 2018 ATH (weekly interval). We shall wait and see the outcome.
Wish you all luck, cheers.
ETHEUR Conservative leverage tradingKRAKEN:ETHEUR
Hi guys!
I thought I share briefly my idea of conservative leverage trading I do. This time ETHEUR.
Price is closed two important trading zones and above parallel channel on log chart.
I was waiting for reentry on long position around 710€ but then manually moved to 732€.
Entry 732€
TP! - 843€
TP2 - 870€
TP3 - opened
SL - 4h candle closed bellow 657€.
I use leverage 3x
Good luck.
M
This is not any financial advise, always check the market before entering any position.
ETH, dip ended, know ATH!So, another ta from me. First explain: the orange triangles are identical, even as the lines (ctrl c- ctrl v). as you can see, the the lines have the same distance from eachother, so i think its logical that the price goes tot he next top of the orange triangle.
Butt before he reach the next top, i think ETH first go down to around 1016.92 (0.5 in fibonacci and support level of previous dip) after that he reach a new ATH , what is around 1230.
I know that this Ta tactic might looks strange but when you understand it i think its logical.
Please don’t follow my advice, and do your own research
If you have tips, please put in in the chat.
Really apricicate if you like, and sorry form my bad English, working on it!
ETH scenarios for next few daysEth tried to break ATH but somewhat failed to close convincingly. This does not mean it will not try again soon, but short term we expect price to hit a bit below 1100 level, then maybe re-test ATH depending on buying volume on that level. Alternatively it could fall to the 1000 level and consolidate there before slowly trying ATH again over the next week. I highlighted these 2 potential entries for a 4-5% daytrade scalp
If after bounce you get a candle close above the static resistance line, target 1 should be the trend resistance line. If candle closes convincigly above trend resistance line ETH goes to price discovery mode.
Overall after this ATH attempt I think we must wait and react accordingly.
Rep and like if you like this idea :)
