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ETHEUR trade ideas

ETH next few days/week - The fib's not lying (so far)I'm just learning TA, so I post these more to see how my ideas play out than inform anybody else's thinking. Please tell me if this sounds like a load of misinformed BS. Looking for the next leg up to land in the €560-€570 range. It all seems to currently be coming back to that magic number of 1.618 - the One line of this fib retrace is drawn from the support line of the last bull flag (first consolidation of the breakout). The Zero line is at the recent bottom (€291). Where does 1.618 hit? EXACTLY where we seem to be finding support right now. Looks like there's decent support and volume below, around the €420-€445 range. Feels like we need a good dip and bounce to test support. MACD's on a bearish cross, and the RSI (not shown on this chart) feels like it needs to cool off a bit. Stoch RSI (not shown on this chart) is moving towards the bottom. That black trendline in that €420-€445 range runs from the December consolidation before the January moonshot. If it does dive lower than €420ish, then this whole thing may turn out to be a big old bull trap, and we all got sucked in. The bull flags are so far lining up with the bear flag consolidation areas on the way down. Back to the fib retrace again, the 2.618 lines up with the next leg up (if we believe the legs down). There's a volume void on the right-hand side, we should explode through that gap up to the target zone if we believe we're properly bullish now. Then, further ahead, where does 3.618 hit? That big resistance area of €700. Fibonacci sequence. Amazing.
Long
by moorbles
3
ETH Booming To 3000 Euro Soon! if you're Ready for it!!!Attention Traders and Investors, Welcome to this stop for a moment, as I believe the crypto market had to fall almost ~ 80% since the new year in order of taking profits, certainly it's not a collapse we saw it many times before, once any market boomed +300$ it comes to rest 50 - 60 - 70% in order of taking profits, it's really normal in any financial market! buyers also are human and it's their right to take a profit! however, today most of the major currencies are on a MAJOR Demand zone and if don't believe me just check out the Depth market and you notice the Green orders are HUGE STACKS! from many month the price of ETH boomed 280% from 380 to 1500 EUR as well, YES exactly from the same price range (Zone) and it's not a surprise that the price would boom again! why the price may boom? first we need to keep in mind the Gravity LOW! second when any stock or pair boom or collapse it's just because of the power of Limit orders, more limit order, the stronger movement would be! so not all the times the market will fill the orders, it depends on how big the orders are! well we don't know how many order are there right now, maybe few or maybe alot! but what I believe the price today is attractive for investors and for us! it's very cheap to buy a MAJOR currency we have a Discount 80%! yes it is, don't you think so? Never Never Ever buy when the price is already boomed! it's too late, that's why we need to buy from the cheapest price range to buy the MAX amount regarding to your Capital, if you can roll back in my chart you will see how many times the price boomed and fall down, Just stop being worry and saying BUBBLE!! if it's a bubble then it would never stand strong so far! just like bit connect, it's bubble and scam! but ETH and BTC aren't bubbles, when a filthy rich investor telling you it's a scam sell what you have, he is maybe a food he don't know the Market or he is the scam it self! because he wanna let you sell and then he buy a big amounts! it's matter of amounts really, just I wanna tell you don't be afraid, seeing the Bearish market isn't a satisfy! but it has to, just imaging you drive your car in Alps mountains, you're gonna see alot of high hills and EXTREMELY DOWN roads! well it's not a perfect example hehe but it's the same, let's invest as intelligent mind not as a bait, come'n people if it's a scam believe me the Japanese will never allow it anymore!
Long
by RalphEntabi
ETH, Whats going on? Squeeze and tease! Bullish beasts exists.----- SCROLL DOWN TO SKIP INTRO ----- Hello Traders, followers, hodlers or simply crypto enthusiasts. Are we expecting the price to shoot to 1200€ soon? I say ; too soon buddy. But! We have some bullish signs. All we need to do first is assess the situation: I have made some pretty good calls here in TW, but always i suggest that you always make up your own mind, if thats something that makes sense to you. ------- END OF INTRO --------- - Price has risen from 292 euro up now all the way to a peak of 436. I would say that if you bought in under 300 or in the low teens, taking profit would have been a good idea in the 420+ range. Besides that, we have to change our outlook further to see what lies ahead. - Keep Eye on the rising support, will it break and make a steep correction down? Or do we get feinted into a little more bull rally traps? My assessment is that a retrace to the 370€ is the least we can expect us. We have to keep eye on the support levels , most importantly 392 - to hold to secure more gains. If 392 breaks we could see a retrace to the origin of the bullish upswing from 370€ - but i doubt there is much strength to it. Therefore i look took to get in around 350-340, or even better around 330-322 My mid long term outlook on ethereum is bullish. I think Ethereum will recover nicely along bitcoin. But not to our expectations, I have modest expectations and we could swiftly get our head chopped down to new lows. Prepare for the best scenario (Or worse, it's 50/50 in the end). Trade with brain not heart. -------- ENTRY/TP RATING ----------- MY PERSONAL ENTRY ZONE RATINGS A+ 322€ A 330€ A- 340€ B+ 350€ B 360€ B- 370€ EXIT/TP ZONEZ A+ 625€ A 574€ A- 540€ B 515€ B+ 497€ B 449€ -------- Key stuff --------------- "Approx. two weeks of consolidation around 300, further declines stopped at 392, bullish activity increased." "The Printings of higher highs and higher lows confirmed" "A break below the support rising trendline can bring another good oppertunity to buy for mid term long set up." "Bullish flag ! , bearish hs inside !....Mixed signals, market showing a bit of weakness, more volatility to be expected" "Break below 397€ indicates decline to the buy zones as probable to medium high" ------IMPORTANT ----- A break below green lower channel indicates temporary uptrend/support holding has come to an end, and we look for more downside in the longer term.-------------- ------------- GOOD LUCK
Long
by ethhunter
16
ETH/EUR bulls cushioned at 21-EMA, attempt to break-out wedge ETHEUR on daily terms, forms falling wedge pattern. The trend has been oscillating between falling wedge, where bulls take support at wedge baseline and now attempting to break-out wedge resistance (refer daily chart). Although it looks like trading in a very narrow range for the day, the bulls grind higher along 5-DMA which offers immediate support at 403.0771 levels. More rallies seem to be likely on bullish DMA & MACD crossovers, both leading oscillators signal bullish momentum on this timeframe. Both trend indicators (DMA and MACD) show bullish crossovers that indicate upswings to prolong further. While intensified bullish momentum is observed as both RSI and stochastic curves show upward convergence. This prevailing uptrend and momentum indications are coupled with wedge resistance break-out. On intraday terms, the minor dips are also cushioned at 21EMAs, the current price rises above 7EMAs, both leading oscillators signal bullish intensified (refer 4H chart). Hence, at spot reference: 417.85 one can think to buy this pair on speculative grounds for the targets upto 423.450 levels, long-term investors need to wait for the better clarity. Currency Strength Index: FxWirePro's hourly EUR spot index is displaying shy above 25 levels (which is mildly bullish) despite German’s ZEW economic sentiments print disappointing numbers at -8.2 but with an upbeat Italian trade number at 3.10B while articulating (at 11:55 GMT).
by FxWirePro
Moment of truth / Red Pill & Blue Pill (BTC too)Welcome traders and HODLERs As i was making this chart the price spiked.I was about to suggest a 20% retrace upwards. to around 400€ which is currently happening. Wow. Ok ok. then u will see what may or may not happen happen next on my chart. We are creating bull patterns everywhere. This mini parabolic run will probably get shut down unless the rally is really kicking off already. It might have happened sooner than we think - either that, or we will get smashed down not so hard eh? :) Besides the recent price action I have always thought of 300-400€ as a very very good entry price. So no matter what I have yet, to regret my position. I'm interested when this rally will get shut down, or if it will, the market had already soaked a lot of ETH up and we have held 300 for some time. all the signs were there, and this upward correction was bound to happen which I have implied for some time now if you have followed me. Black lines above 0.5 are TP zones if u decide to long this but need an exit. I would use trailing SL and use the bottom of the current channel as the SL. So longing here carries a bit more risk if you don't already have a long open. This is no investment advance, only my personal thoughts and reflections. Happy Hunting
Long
by ethhunter
1
Long ETH/EUR break above 20-DMAETH/EUR rejected at session highs at 352.34, slips lower to currently trade at 331 levels. The pair has broken above 5-DMA which is now immediate support at 316 levels. Upside finds stiff resistance at 20-DMA at 354, breakout could see further upside. Technical indicators are turning slightly bullish. We see scope for test of 55-EMA at 485 levels. Stochs have rolled over from oversold levels and we see a bullish MACD line crossover on signal line. On the flipside, retrace below 5-DMA could see test of 285 (major trendline). Violation at trendline could see further weakness. Support levels - 316 (5-DMA), 300, 285 (major trendline) Resistance levels - 354 (20-DMA), 400, 485 (55-EMA) Good to go long on decisive break above 20-DMA, SL: 315, TP: 400/ 485
Long
by FxWirePro