A Perfect Opportunity. longterm bottoming trendline reached.Last idea was about going short ETH. Now we've pretty much reached our target and I remembered this channel that I've used when I was fishing for a bottom in ETH. I actually bought eth then at around 70 euros. But I sold quickly since I didn't believe the bounce as most us here didn't. And watched the price run away. Well now we've got an entry at same exact spot the market bounced furiuosly the last 2 times. And with the oscillators being at oversold territory can't see a reason not to take this chance one more time
ETHEUR trade ideas
Ethereum long term view if parabola is true (daily)I guess we are ending a wave 2 and as the market didn't give a true place to the altcoins, it is quite possible that the growth will come. The funny part is the fact that, considering the parabola approach, we should see the highest potential around christmas again ...
Let me know your thoughts.
Best regards
Could ether be holding/consolidation to play out this Long?
The Fibonacci Retracements are from the 2018 dump in July, 2018.
After capturing the 38% retracements Support, it consolidated for a while, and then sprung to above 300 euros. However, that was also aided by the BTC parabola. Now, it is consolidating just below the 50% retracement after the dump the past Wednesday. Extracting the bullish fractal from the 38% retracement and inserting them on the now below 50% consolidation, the similarity in fractal suggests a move unto 330 euros. I would not be surprised that ether does reach that value, and especially if BTC starts to range in the 8000-12000 () euros range for a while.
With the R:R: 6.24, this trade makes it worth taking
Stop/Loss: 225 euros
Target: 300 euros
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Beautiful reversal candle on the weekly chart.Ethereum is following it's downtrend channel very well. And this weekly reversal candle closed below the downtrend median line exactly.
So this is a good opportunity for a nice short trade. The odds of a reversal after a test of the median line are very good.
For confirmation this weeks candle should close below median line as well.
ETH bulls incoming! Can you hear it?ETH now looks prime and operational for a real breakout around 300e and above!
However, keep in mind that there is an heavy resistance area around 285e , so I'd recommend to take some profits here and keep a moon bag for later.
IMHO we got here an ascending triangle that should lead us in high grounds. Volume is still low because of BTC dominance, but as soon as some money pours into altcoins ETH will be the first one to receive some gratitude!
(Crosses are TP targets)
ETH ready to breakout? Bulls are readySo, let's see how we can play with our little position of early June.
Entered at 215e.
Targets:
- TP1 at 260e
- TP2 at 285e
- TP3 at 300e
Volume is low lately, but I really don't think we have seen the ethereum dragon wake up yet.
Stoch RSI in daily is overbought indeed, however take a look at the exact same situation one month ago. We had two little pumps in this area (80-100) before a big red candle when we hit the resistance (upper part of the arising chanel, in red). Same happened at the end of February 2019.
To conclude: given the current volume in ETH, I don't think that we will break the arising chanel by the top soon.More likely than a direct explosion of the resistance (red area), we might grind it in the coming weeks, little pumps by pumps.
ETH still waiting for an entryETH is not yet at a good entry point IMO.
In daily, the Stoch RSI is very very low indeed (around 10), but not in 4H neither in 1H. There, we are completly overbought: 100 & 80. In 1h we break down the 80 soon.
Also, you can take a look at the magic indicator at the bottom: it's only going down.
Finally we have touched the resistances of the arising chanel twice (230e and 250e) and it may take a while before we hit again.
So I'd say: a buy at 190e would be wise, however we can wait a confirmation of the arising chanel. And TP at 245e and 265e.
ETH at the edge of the main resistanceETH is facing huge resistances into the 220e/240e area before being able to fight the bears at higher space.
Stoch RSI not enough overbought
And the magic indicator shows too that we are not at the bottom of this spring crypto game for ETH.
Waiting a little bit before buying more ETH !
Post Ether Carnage on 30th May, 2019Wow, that was some carnage yesterday. Ether has being volatile in both directions this year. It has risen quickly in terms of percentage gains with respect to BTC and fallen quickly also. Yesterday's massive drop has created panic amongst the bulls. Looking at the chart objectively now after surviving the massacre, it still shows no reason for me to be bearish unless thee 1st June, 2019 is a bearish candle or closes below 220 euros. In my previous analysis I had set 200 euros as my start for shorts on Ether, and that condition still holds. I am long-term bullish and see Ether breaking upwards of 270 euros before the end of 2019 (November looks like when it will sit above 270 euros with safety). Will be a rough ride as we will encounter these dumps, but for me any chance to buy below 200 euros is a good opportunity to buy and hold as an investor.
My old long positions are still open. I did sell half my ether yesterday at a higher price. Making cash to buy below 200 if it goes there, else have been riding on Ether on and off since it was 89 euros in January.
This is not financial advice and hence, trade at your own risk.Wow, that was some carnage yesterday. Ether has being volatile in both directions this year. It has risen quickly in terms of percentage gains with respect to BTC and fallen quickly also. Yesterday's massive drop has created panic amongst the bulls. Looking at the chart objectively now after surviving the massacre, it still shows no reason for me to be bearish unless thee 1st June, 2019 is a bearish candle or closes below 220 euros. In my previous analysis I had set 200 euros as my start for shorts on Ether, and that condition still holds. I am long-term bullish and see Ether breaking upwards of 270 euros before the end of 2019 (November looks like when it will sit above 270 euros with safety). Will be a rough ride as we will encounter these dumps, but for me any chance to buy below 200 euros is a good opportunity to buy and hold as an investor.
My old long positions are still open. I did sell half my ether yesterday at a higher price. Making cash to buy below 200 if it goes there, else have been riding on Ether on and off since it was 89 euros in January.
This is not financial advice and hence, trade at your own risk.
eth weekly pivotal pointETHEUR triggers the pocket pivotal point on weekly for the third time (teal bar).
The previous times this happens, eth drew a pennant on weekly and after making a new high it entered the real rally.
This could mean that we will need patience over the next weeks and can buy dips ones a pennant emerges.
Going to monitor this and update ones it becomes relevant.
Ethereum retracement possibly could be extended to 170 eurosLast night we saw the parabola get destroyed and Ethereum found support at 205 euros, which is sitting around the 38% drop of the price. The price has been bought nicely at 200 euros if there has been any drop in price below it, but this does not look like lasting for a long time. As every increase in price was lower after it was being bought at these 2H dips. This dip from 250.5 euros to the value hovering around 205 euro. My analysis says that any further drop in price and a daily close below 200 euros we could potentially further drop the price unto 170 euros to complete the retracement unto 62%, which would be a healthy correction for the last week's enormous parabolic rally.
This is not financial advice, but just an opinion from a person who has started to use charts to justify his gambling instincts and losses in crypto trading. So, please beware THIS IS NOT FINANCIAL ADVISE OF ANY KIND.