ETHEUR trade ideas
ETHEUR 2h candlesDouble top formed yesterday, the shoulder was confirmed a few hours ago.
RSI and MACD confirmed the downwards trend. RSI sloping downwards, likely to reach the 30.2 levels and pierce into the oversold area. MACD crossed yesterday afternoon and has been sloping downwards since then.
Volume is low, so proceed carefully with a short position here. There are big buy orders at the 248ish EUR level, but are likely to get suppressed by the sells at the 253 and 254 EUR levels.
Entrance at current market price. Stop loss set at 257.82 EUR (as anything below that might trigger the stop loss because of a dead cat bounce). Take profit at 245 to 247 EUR as this price seems to be the average to which previous dips went after retesting the strong support and given the order book in Kraken.
Note: This is not an investment advice. Do you your own charting.
ETHEUR retracement on 2h candlesDouble bottom formed in the past 3 days. Currently testing the 0.618 fib levels. RSI going upwards, MACD crossed at the bottom and going upwards. Enough volume to confirm the short term upwards trend on the 2h candle.
Price might be suppressed by the sell orders of 100+ ETH at 255, 256,257 EUR. Orders of a few hundred ETH at 259 EUR. Buy orders are currently below 255 EUR.
Suggested exit at 0.5 or 0.382 fib level.
Disclaimer: This is just an idea, not an investment advice, do your own charts to confirm trends.
Trend Analysis ETH / EURO Analyse chartiste de l'ETH contre l'EURO, le cours arrive sur la borne haute du canal baissier, possible cassure et une possible direction vers les 0.236 du retracement de Fibonacci. Il est également possible que le cours revienne vers les 0.5 de Fibonacci si il y a une cassure de la trendline baissière.
Battle of Bulls and BearsWelcome everyone!
In my last chart, my target barely got hit because of the unexpected Bulls and Bears fighting.
Looks like this might be a retrace.
There is no guarantee pump as 4H and 6H look really bearish but for fun i placed this pump-zone.
Make sure to not panic sell or buy! Manipulators are doing strange things with crypto nowadays..