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ETHEUR trade ideas

Possible first long signal for ETH !Hello friends! We have a interesting chart in ETH right now, and i think we could make a decent trade here. I have been sidelining the market for a while, but i was very tempted to long ETH at 150€ range which i kinda regret not doing! But - being cautious is not a bad idea in this market. Those who did enter a trade at the bottom - congratulations for 50% profit right now :) I have several indicators going off here that this might be a good entry point, however I'm waiting for a correction here to the bottom of the channel and looking for a supporting doji on the 4-6h chandle. This chart is only in 2h that's because the volume is rapidly increasing and we need to follow this closely. Next major resistance is where my yellow line is, we have some small bumps on the road but i have confidence that we will reach it soon enough. The imminent corrective target should be between 188 and 192 euro and this is where i would place my limit order, i think the support at 200 will hold up for a little while, but i think bearish pressure is still here even though it's slowly fading - this is opening up for another eth bull. After the correction we should expect a spring and another spike in volume with a wave or two up reaching to my target of 250€. After that rally, I'm expecting a equally steep correction, (to the bottom of the translucent purple channel) which should be the green line in such event. So i will take profit between 230-240€ and close my position and await another entry point. We need to remind ourselfs that the overall market condition is still quite shaky, for that reason I will not stay in my position to long and get greedy. We are still treading in a uncertain market condition but the outlook is getting better. The key points here is that we have broken out of some strong resistance levels with convincing volume, as you can see by the green volume bars increasing steadily, as well as the lack of bearish (red volume bars) pressure at the moment. I'm around 70% certain that the market has met it's bottom here, the only thing that would make me reconsider is if i see a retracement to .382 (see fib retracements on the right side) Good luck
Long
by ethhunter
ETHEUR long trend analysisHello, ETHEUR is in a downward channel. I draw this channel from early June but one might argue that it should be drawn from the top of May. Either way the long trend is down. In my chart the channel was broken in late July, early August and was pushed back down into the channel by the 50 day MA. September 12, on the sequential, we had a beatiful red 8 that coincided with the 13 on the countdown and was also a doji candle meaning inversion of the price. Put this togheter with the RSI touching the 20 low and it's a clean indication that it's going to bounce. It did. Now we have that 50 day MA coming down and touching the top line of the channel, indicating that it could be the top of this dead cat bounce. The RSI did break the trend started in may but i dont's think it's going to continue doing so. If the price breaks strongly out of the channel and into the 128 MA then I would consider an inversion of the long trend. Best regards, Alexandre Simões
by alexandrejosesimoes
ETHEURETH is lacking a little bit, but move to upside will have to come eventually. I'll try to catch breakout with a small stop loss, if it won't go according to plans. Trade setup: - entry at 261.00 (breakout) - stop loss at 249.00 (just bellow 0.382 Fib level) - target 1 at 293.00 (just bellow long time "breaking line" - see bigger picture bellow) - final target 316.00 (bellow 2.618 Fib extension, also "level of decision" from August 7th to 10th) Bigger picture: Disclaimer: this idea is solely for my own purposes, to satisfy the ego, if it will work out ;)
Long
by rludvik
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