ETH expecting short burst up , before more downsideETH expecting short burst up , before more downside
ETHEUR trade ideas
Long Ether is a good trade todayThe chart shows a retest of the 38.2% retracement from the 212 euros (230 US Dollars) Zone on the daily and 4H. There ain’t ay divergence in volume suggesting that buyers are willing to buy at this level and hold it. Looks a good place for me to add to my longs as I expect market to move upwards to 212 euros (230 US dollars). However, with the Baktt launch tomorrow, its better to stay away and see how the market reacts tomorrow.
My added longs are posted on the 4H chart. With an expected R:R of 3.08, its a good trade for me to risk. Weekly close today will be very interesting and maybe indicated where will the market move tomorrow after Baktt launch.
Long Ether
Disclaimer: This ain't financial advice, simply a setup that I am taking.
$100 / €100 Ethereum?Chart just confirmed head & shoulders with RSI trend line acting as resistance on three occasions now. Be patient and cheap cheap Ethereum will be yours.
At the edge of the channelLet's see if the ETH will be reverted by the the upper side of the channel which is predicted by its lower edge?
Will we go to the golden pocket?If we reach golden pocket (190€) will bots send us down to a possible wave 5?
ETHEUR on the riseThe upper resistance is now clearly broken since a couple of days. RSI and ROC are also clearly on the upside. This confirm the upward momentum I was expecting a couple of weeks ago (even though it took longer than expected :) )
Cheers,
S.
ETHEUR Waiting for a move. 1hHi guys, fast analysis.
ETHEUR is trying to claim 160€, price is lagging in a small channel, bouncing on EMA200 (160€) and 165€. We need to break 170€, claim it and break 175€ too (EMA200 4h), then i see if i can open a long with a target between 210€ and 250€.
On the bearish side if we break the support zone at 160€ we have 1 small resistence at 155€ and a huge resistence at 150€. I keep checking for a short if price close <150€ with a first target at 120€ and a second target at 90€.
Let's see how it goes. on the long run my bias is bearish if we cant claim back 215 and then 300€.
Be safe out there.
A bearish flag turns into a bullish wedgeThis educational chart shows an example for how we can determine failing flags.
ETH rebound? To be confirmed. On the daily chart, we can see a divergence from both the RSI and the ROC over the last month. See Low1 and Low2 on chart.
While the ETH price has still been going down, we can see a divergence in both oscillators (Low2 > Low1 for both RSI and ROC) which tend to show that the downward trend is loosing its strength.
If the ETH price break the upper trend line this could confirm the end of the bearish trend. I would go hence be long on the ETH.
ETH 150 = Entry PointsNext Entry point for those looking to trade.... ETH 150eur is the next best entry... Don't sell and keep checking back to this point for the sell point. For best profits don't sell until next update as this is more than a 1 day trade ;P *** This is not financial advise *** Happy trading to all :)
Ether's daily close is critical for upward momentumThe daily close at 183 euros (roughly 200 US dollars) looks critical for Ether now. This price is also the 61.8%. Retracement from the August 2019 high at the months beginning. It has been hovering around that area for the last 24 hours without any success in overcoming it. There was a good sell-off yesterday to 170 euros, which was quickly absorbed by the bulls, possibly providing liquidity at the price.
Sooner, the daily closes above it, the better Ether becomes for longs. But this looks like it could take a while. A good aspect for the ‘Bulls’ is the relative increase in volume (not significantly) of buying at this price now which could increase the price. Additionally, the daily RSI is low, but has a hidden bearish divergence on the 4hours.
I will be placing my buy orders at 173-175 euros region with a stop-loss at 170 euros. My expected price movement is drawn above because I feel there will be a little selling off at this resistance level before price jumps above.
PS: Not a financial advise, just my own ideas and risk while I learn to lose money.
ETHEUR BUY TP_145.35_18.74%_22.94pips_SL_108.55_11.32%_13.86pipsETHEUR BUY TP_145.35_18.74%_22.94pips_SL_108.55_11.32%_13.86pips
Interesting zone for EtherEther could be consolidating between 200 and 211 euros before making a clean break upwards. Possibly a good time to take small longs now :-)
Again, this ain't financial advice, but simply educated gambling and socially accepted gambling :-) Trade at your own risk.
ETH / EUR long term overviewLets take a look at ETH from longer term weekly perspective . In previous bull cycle ETH consolidated in triangle pattern and weekly MA21 served as support line. When ETH started downfall, MA21 acted as main resistance zone.
Now we are in similar situation. Price broke MA21 in a bull run and felt back to it again acting as support now. Will the price go up or down? MACD indicator shows signs of trend reversal while DMI indicator still favors bulls with ADX line above 25 points showing bulls are still in control for now
I see following options sorted from most probable to least.
1.) If the cycle repeats itself, we should see pennant pattern forming confirming price consolidation leading the price to be locked between 175 and 300 EUR for the majority of 3rd quarter of the year and it can lead to:
1a.) New bull run and price rising to 300 and 400 EUR sometimes in 4th quarter
1b)Trend reversal and price falling back to 160 EUR acting as new support.
2.) Price reversal is confirmed and price will fall to 160 EUR acting as new support.
3.) No pennant chart patter will be confirmed and price will quickly recover back to 300 EUR and goes higher by the end of august.
As mentioned above I believe new pennant chart patter is forming and we can have some nice trading opportunity trading the upcoming waves.
I would love to know your opinion. Let me know in comments what do you think.
