ETHEUR trade ideas
ETH EUR Daily & hourly pattern - still following the trendHere is an updated version of my daily chart; it won't take long before the dump!
ETH/EUR Month PatternLooking at the Monthly trend of the market we can clearly identify 4 moments. A 1st moment where the market broke the support around 500 and entered a bearish period tanking to the 390 range before rallying and entering 2nd Moment. In this period support was in the 400-440 range and resistance set around 460 (below 1st moment support). It broke support once more and dropped to 380 and kept on being bearish. The 3rd moment saw a clear bearish channel with both support and resistance in a downward trend (below previous moment), unlike two previous moments. After we entered 4th moment with recent rally we are seeing a support level already above 380 (3rd moment resistance) and a more neutral channel without a defined trend. This moment in the coming days will define if we are witnessing a recovery to levels of 1st moment at least, if it stabilizes and then moves up we may have a break to 500 levels, that will take a few moments to materialize all the way to August. Of course this is crypto so anything is possible.
Long on Eth (+44% target)I'm long on eth (vs EUR but is the same vs USD)
-Horizontal and trend line support on weekly
-0.786 fib
-RSI at support and bull divergence
-target 570 (oriz and trend resist, 0.382 fib) for 44% profit
-tight sl around 350 for great RR (6)
ETHEUR - Big move is expected!We're on support and on the trendline and also we can find a triangle pattern. If will be the support and trend line broken, the price is on the way down. If we will break the triangle, we can expect big move up! We need to be aware of the down trend.
Good luck, good hunt.
ETH EUR Daily and Hourly pattern - last moves before BULL RUN!!!Some pump broke the initial fractal but it seems the direction is still the same :-)
So I'd go long from ETH value now @ 370€ to 402€, and then go short to 330€; then finally go long as the bull run we all are waiting for should occur! Until what value do you think the first bull run impulse could go? (don't answer *the moon* please! :-D)
A little bit of hopium on ETHEUR1)
There is a possible iHS in formation on hourly. We would need close above 404€ to confirm it. Predicted target around
450€, give or take some.
2)
On the other hand, daily chart hasn't shown us anything yet. Only brief DEMA18 crossing, nothing more. And the green
volume is always meager than the red one. Drop below 385 could indicate continuation of the leg down.
Successfull trading out there.
ETH/EUR Daily - Hi,
Nothing change on COINBASE:ETHEUR .
Always in a big range !
As we can see in Weekly, Volumes goes down, slowly.
I accept all advices, thank !
* This is not financial advice bla bla bla bla.....
ETHEUR: Long term trend analysisThis is an additional chart showing how the current bearish signals align with the potentially longer term bullish trend in Ethereum. I'll be watching closely but not shorting it personally. My goal is to look into buying opportunities at the very bottom of this decline to keep a long term position off exchange, similarly to $BTC. I am short $BTC though, since I keep a % of my crypto capital allocated in trading actively in and out of $BTC, both long and short while the bear market lasts.
Best of luck,
Ivan Labrie.
ETHEUR going downSeems the bullish momentum has been lost.
We're back under the resistance line.
Additionally, small rising wedge forming on 4hr.
ETHEUR seems to be turning trendLooks like we have confirmed small iHS on 4hrs.
It seems we are slowly turning the tide - last leg didn't come
to the downtrend support anymore and we're testing downtrend
resistance seriously for the first time since start of May 2018.
Weird ETHEURIf you ask me, I'm seeing pennant with possible bearish breakout.
Let's wait and see what happens...
ETH forming ihsI will be patiently watching how this ihs in formation unfolds.
Drop below right shoulder should indicate failure.
ETH Long - 4 weeks4 week view on ETH - Euro price.
Two great entry spots:
1.490-500e
2.440-460e .
Why bullish?
Finished a huge correction from the January high to the April low.
Since the April low, we have seen Wave A bull run then Wave B complex pullback
Distribution from this retracement finished on the lows of 430e
We have started to print Higher Highs & Higher lows once again
MACD just crossed up
Risks?
Volume is below Moving Average
20,50,100,200 EMA all acting as resistance currently
Resistance is currently 540e
We need a daily candle close above 530 to take out 20,50,200 EMA and turn them into support
Forecast?
1.Expecting one more retest of the 50% retracement
2.Saving some fiat in case we re-visit 61.8% retracement
3. Target 650e+ by end of June
4. Sell half of position at 600e
This is not financial advice. Just personal opinion.
ETH EUR daily pattern - UPDATE 7 - addendum A more detailed view of the fractal wih intermediate zones spotted, dump is still valid
ETH EUR daily pattern - UPDATE 6 - still dumping!!!Intermediate rising wedges still keep forming in minutes and the result is a continuous dump.
ETH will continue to go deep in the abyss and hitting 370€ and maybe 325€.
Soon, the question will be who is giving the trend? ETH or BTC...?
Rising Wedge we might fall some moreShould this rising wedge complete successfully we might see
another drop in next day or two. However, level around 400€ is
pretty stable support so it probably won't fall through so easily.
Nice day and careful trading,
Jure
Bearish pennantI'm seeing bearish pennant, with a possible target of 385€ on
successfull breakout. Keep SL's tight!
ETH/EUR - what will yo do now? Are you still into Crypto?I'm not giving any advice. Just loking at the indicators.
Now at a support zone, next one at the next box.
ETH EUR daily pattern - UPDATE 5 - DUUUMP!!!It finally came! but until where !?
I think around 370/350€ for a first rebound and maybe deeper as it'll still stay in the main bullish channel... What do you think?
Trafic Control, Descending to 400€ Everything shows we're in for a nosedive.
That's just gathering speed for the climb afterwards! :)
I'm setting target to around 400 as this used to be strong support.
target reached desc triThe target for this descending triangle has been reached.
However, I believe the monday morning will bring the resolution to this
uncertain situation in ETHEUR.
