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ETHEUR trade ideas

Last very short term bull before abyssLet's talk about the last crypto cycle. The bear market since November 15th is in a long term wave I II III IV V. We had to be able to determine a IV with an ABC pattern otherwise we would double bottom at 71€ with a V at the same level as the III. Hopefully, we could end the B wave and start for a brand new C. We have 4 Take Profits . The targets for a C are 61.8%, 100%, 123% and 161.8% fibonacci . In the last pattern, we can calculate the 3 at 161.8%, 200%, 261.8% and 423.6% fibonacci . 161.8% seems to be a good target for a 3 at around 135€ and is reasonable because of investors fear. If we apply a 4 at 38.2% fibonacci, then we might have a last 5 at around 100% (double top at 140€), 161.8% (155€) and 261.8% fibonacci. 161.8% (155€) for a 5 coincide perfectly with the second Take Profit. In the long term, we can determine a V at 261.8% fibonacci at around 30€ by the middle to the end of 2019. Sell STOP : 95€ .
Short
by Skelisul
ETH/EUR Short term diamond reversal and breakout identified (4H)Price is looking likely to break out to the upside of this diamond pattern due to the recent bounces from 100 EUR, the high success ratio of this pattern, as well as a buy signal on the stochastic RSI on the 1D chart. If this happens, price is likely to hit the upper trend line of the larger triangle at the 0.5 fib retracement level from the previous break from 183 EUR - thus giving about +15%. If a downwards breakout happens price is likely to retest 100 EUR. For an aggressive set up the stop loss could be placed just below this. Otherwise I have a stop loss just under the bottom trend line of the diamond giving a nice 4.26 risk/reward. It's worth noting the ascending RSI triangle on the 1D chart - it looks like a much bigger break is on the way. This could line up with a break of the larger triangle but it's difficult to say which way that would go at this point.
Long
by GRHiggins
Handling Cup Formation on ETH daily chartCup and Handle formation is building up on ETH daily chart. It seems that current price drop is a part of Handle curve. Volume levels confirm the Cup formation declining along with the price, keeping it low on the base of the bowl and subsequently increasing. Only weak point here is the fact that begging of the formation doesn't correspond to price peak, nevertheless this is not mandatory is Cup and Handle technically can be produced at lower levels as well. Currently handle is dipping into what previously was confirmed support zone. If support will hold one more time we will see handle completed and potentially successful breakout that could send us as high as 200 euro resistance level, passing by heavy resistance around at 135-145 euro and 155-165 euro. If current support level will fail the we are falling back to test previously unconfirmed support level around 90 euro. This information is provided for education purposes only.
Long
by OleksandrSnidalov