Shortterm Rising Wedge ETHEURIf you're in for some shortterm action, there is a rising wedge
forming on ETHEUR. Might give you opportunity to buy some eth
cheaper down the road.
Overall on daily bullish.
ETHEUR trade ideas
Strongly bullish for ETHVery good moment to buy ETH. A strong support just have been reached in a mid-term bullish trend ; it's finally time to buy
Do not forget that the SEC will discuss about ETH bring a security or not... if not, we can expect a very bullish trend. SEC's chairman has already stated that "it never was a security" so not only technical analysis will be on our side, but the SEC too...
Remember : This is just my and technical analysts' opinion, not a recommandation, educational purpose only
Double bottom confirmedDouble bottom confirmed. Price over neck-line.
MA20 over MA50.
Price expected to go up in the comming hours.
ETHEUR shortterm rising wedgeThere is still some time to play short on ETHEUR.
If you're quick, you might catch the rising wedge on the way down.
If successfull, target would be around 620€ (I'd set it somewhat higher) with a
very tight stop loss around 655€. But - please don't play this stuff without SL.
Its hazardouos for your wallet.
ETHEUR buying opportunityLooks like sell pressure is dropping, at least shortterm. Might be a nice
pyramid opportunity, but let's wait until confirmed. What do you think?
Will the drawn support hold?
Short setup for EthereumThis is a fractal for the adam and eve top further down. assuming that BTC will move towards, but fail at 10k.
ETH/EUR long setupETH/EUR tests 110-EMA at 514 levels, decisive break above could see further upside.
The pair is trading with a bullish momentum and decisive close above 110-EMA could see extension of gains.
RSI shows strength at 69 levels with room to run further. The pair also finds stiff resistance at 200-DMA at 520.
Next major resistance above 200-DMA lies at daily cloud at 575 ahead of 38.2% Fib at 621.
On the downside, we see immediate support at 5-DMA at 496. Bullish invalidation likely below 55-EMA at 467 levels.
Support levels - 496 (5-DMA), 467 (55-EMA), 429 (21-EMA)
Resistance levels - 575 (cloud base), 600, 621 (38.2% Fib)
Good to go long on decisive break above 200-DMA, SL: 465, TP: 600/ 620
BUYING OPPORTUNITY! Triangle about to break upwardsSimetric triangle.
Volume confirms the triangle.
ABCDE almots done. MACD in a support level (Pink line)
RSI in a support level (Pink line).
EHTEUR Long position until the next resistanceUp Trend after consolidation time
Good news
Very good possibilities of rewards
Take profit at the next resistance
Short Trade - DoubleTop on ETHEURIf price drops below €590, open a short position with minimum target of €575.
ETHEUR Let's wait a little for LONGShortterm - if you're waiting for an entry let's wait a little to touch the
triangle again. In you're in, stay in and enjoy the ride :)
You showed me the way (ETH)The recent dip took me back to the drawing board and I'm still in a long position and the outlook is great.
Symmetrical triangle can transform to a gigantic bull flag opening doors to uncharted territory.
We have a potential inverse head and shoulders forming as well.
Good stuff.
ETH is playing the symmetry perfectly and fibs are showing the way.
Don't doubt, just believe !
Expecting breakout ETHEUR!Expecting this breakout in the coming days. And yes, this is emotional! :)
ETH Triangle Pattern Bull or Bear Breakout ? Target 725€ETH has previously confirmed its reversal bull trend. Reaching quickly the 578€ level (transposition of depth of cup&handle formation - see my previous idea) and correcting brutally until shot-term support trend line (blue). Despite bouncing back, it broke-down the first support trend line, indicating bear signal, forming a pennant pattern.
In case of a bull breakout we have our trigger at >580€ (if candle confirmed) and our first target around 600€ level (transposition of triangle height) and second target around 725€ level (transposition of scale stairs as see in screenshot below).
RSI mid range (50 now) so more up is possible. This scenario would make a nice validated continuation pattern.
In case of a bear breakout, very likely fall until support zone (435-485) as shown and expected bounce back.
A closer look on the dip (ETH)Smaller timeframe shows the "real" breakout should be happening very soon approx, 2-3 days.
I bought the dip
ETHEUR ascending triangle setupThere is a big ascending triangle on ETHEUR @2h, which is also seen on
daily chart. We've got all the ingredients for a bull continuation after the
European holidays :)
Do you think my wave count is correct Hi,
I believe we are riding wave 5 of Elliot wave, any comment are welcome !
ETHEUR triangle setupETHEUR is reaching breakout zone on the symmetrical triangle.
Let's see if there is enough bullpower to reach the higher high!
Update on ETHSince ETH had a strong correction yesterday ETH failing to crack the 580€ resistance, it is now consolidating in the bottom of the green uptrend channel.
Since the support of this channel stoped ETH from loosing more we can still expect the rally to go on in the next couple of days.
Personally I expect it to retest 580€ and even crack it by the end of next weekend.
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Keep in mind this is no investment advice just my thoughts.
