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.
ETHEUR trade ideas
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.
Hardtimes For ETHHard Times
Hi friends , yeah we have fail to cross 520€ ... C to D line act as resitance actually , if we dont break out before the 3~4 days coming , we will hit the strong support at 50% fibonacci.
if we cross this line 38% fib will be the next resitance.
if we fail next try for 38% could be at middle July in best case, meaning if we dont break B to D support line / 50% retracement
In case of going down to 50% , the ground will be B to D line to reload or watch.
My feel is to be really care for buyer / holder
Be prudent
Kiss
ETH EUR daily pattern + Fractal spotted! - UPDATE 4About the last fractal, according to the latest KRAKEN:ETHEUR reactions, I think I did a confusion between the yellow "2" and "4" with the double bottom of the "2"; so I replaced yellow numbers in this new configuration and hope this time it's good! :-)
ETH EUR daily pattern + Fractal spotted! - UPDATE 3The fractal includes a double bottom, a pump, and then a big dump.
You'll notice that 2 fractals will be on the "6" at the same time, so the support could actually break, and another dump could occur.
I don't see breakout yet ETHEURI'm not seeing the breakout yet in the immediate future.
We may make another move down before attempting a breakout.
Volume always falters as we approach trendline....
ETH Strong but WeakETH is look slightly stronger than BTC based on the smaller time frames. As with my other crypto charts I'm expecting a further push down but for ETH I am anticipating stronger support with a higher low than the previous move.
ETH EUR daily pattern - UPDATE 2The support at 487€ won't be hard to break and it'll go down faster than I previously thought.
I don't see any support until 367€, what do you think ?
ETH leading first wave diagonalhum it looks like a textbook but not sure if it is true :).
I am bullish
ETH EUR daily pattern - UPDATEThis idea tends to confirm itsefl:
Here is a more "precise" ideas of how I see the coming dump before the big bull run.
What do you think about it? How do you estimate the time in your own charts ?
ETH EUR daily patternWe're at the end of this daily pattern; ETH should turn back to 450 - 470 EUR and the bounce to finally go to the moon!
ETH/EUR AnalysisLooking at the past day or so ETH has been ranging significantly. A breakout to the up or downside depends of where the crypto market goes on a whole from here. Personally I do not think that the bull run we have been waiting for is here yet, and we may have some more falling to do. One thing is clear is that the tug o war that took place yesterday is seeing the bulls weaken and bearish momentum resuming. We may continue to range for a while but I think the next move may be down based on the momentum of price of leaning more towards a short downtrend as of today.
Given how sporadic the market has been recently, I wait for a downtrend confirmation, we may just continue to go up.
ETH rising wedge - incoming double topThe bull will come soon, but first another surprise is coming for BTC and ETH : rising wedge with and ending on a double top; so the support will be tested again and hope it will be bullish just after that!
0.618 worked before for ETHEURThe 0.618 Fibonacci retracement has worked before for ETHEUR and will likely work again.
All is dependent on what BTCUSD actually does since ethereum (ether) these days seems more has btcusd 3x, rather than an independent project.
ETH/EUR Daily - RangeHi,
KRAKEN:ETHEUR in a big range ( as almost all the market ! )
I accept all advices, thank !
* This is not financial advice bla bla bla bla.....
Another Possible Downturn ETH/EUR analysisBy the looks of it an upward wedge has been formed with momentum building as per the oscillators for a bearish move today. I would say that this move is fairly probable and at the least we should see some more red for today. Last night/early this morning we saw some tremendous downward movement from with ETH that outpaced the fall of most other alts. Eth seems to be under some serious selling pressure in particular.
Short ETH/EUR break below daily cloud, TP: 420/ 400/ 375ETH/EUR finds strong support at daily cloud base at 442 levels.
The pair has edged higher from session lows at 442 to currently trade at 461 levels.
Technical indicators are highly bearish. We see scope for further weakness on break below cloud.
Momentum studies are highly bearish. We see -ve DMI dominance and ADX is above 25 and rising supporting the trend lower.
Price action is below major EMAs on the daily chart and upside remains capped at 5-DMA at 493.
Next major bear target lies at 420 (Dec 22 lows) ahead of 371 (78.6% Fib).
On the flipside, break above 5-DMA will see upside till 100-DMA at 524. Violation at 100-DMA negates bearish bias.
Support levels - 442 (cloud base), 440 (61.8% Fib), 420 (Dec 22 lows), 371 (78.6% Fib)
Resistance levels - 488 (50% Fib), 493 (5-DMA), 524 (100-DMA)
Good to go short on break below daily cloud, SL: 490, TP: 420/ 400/ 375
ETH/EUR Downtrend ( Ethereum analysis) Looking at the hourly there is a clear downward channel formed. However we did see that the last candle breached the Bollinger field, so we could see a short term bounce slightly higher that the previous bounces we saw inside this channel.
Thoughts and opinions welcome.
why is everybody panicking again??A drop to fib .618 - .786 levels after such a steep uptrend is totally healthy; am i wrong? I shorted from 599 EUR as per my own TA attached and advice of many others here at TV. Now those who themselves suggested a drop, has turned bearish. I do not get it. I will be looking for signs of reversal between 450 and 375.
