ETHEUR trade ideas
Conflicting trend in EthereumIn the future, trends for Ethereum seems to be contradicting themselves, while longer trend shows price contraction (rising wedge), recent trend seems to favour upward channel. If the upward channel were to prevail, we could expect price to reach as high as 2000 USD within few days!
ETH TO $.. ? €.. ? | ATH Break happening! Hi guys,
I hope you all enjoying this bullmarket. I wonder where you estimate that ETH will put ATH in 2021. For once, let's open our glass globe and come up with realistic predictions. I myself expect 5-8k. But on the basis of these ranges we can sometimes go higher, but the question is whether that is feasible.
GIGA insane 1h ETHEUR analysisOverall I believe ETH is correcting, due to low volumes and failing key resistances multiple times. However, I think there are buy opportunities on first pullbacks off decent supports on the way down for small, short daytrade gains (as outlined in the chart). I expect prices to go near 900 again within the next 24h which is a decent entry for a small bounce.
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Ethereum in the futureRight now Ethereum seems to have broken the downtrend and by that closed the peak. Now it seems to be going to test the larger downtrend around 1010 EUR level. From that it will either break the triangle and test the 1080 EUR level. Alternatively if it gets rejected by the downtrend, Ethereum will probably break its long-time uptrend, forming Adam&Eve pattern in the process, that will carry it all the way down to the 810EUR. Choppiness index and Stochastic generally agree on the current uptrend towards 1010 EUR.
ETH to finish correction before taking out ATHIt looking like a triangle in the B wave of this correction.
C Wave to go down to an area of high volume (maybe not the highest one but one before... to be seen).
After completing the correction, expecting a new impulsive wave to pass over the all time high.
There is a short and long opportunity in this idea. I'd go for the long (maybe not as aggressive as shown here, just an idea :) )
This is not financial advice.