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ETHEUR trade ideas

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
ETH Potential Bullish Trend ReversalETH lightly bounced on 291€ support level which seems holding. The next level of support after this one would be 240€ level, below that it doesn't smell good. The downtrend line ('vertical' blue line) of the correction is strong and haven't been crossed yet. The Long term trend line ('horizontal' blue line) have been crossed but price didn't break support line (291€) combined to the support of the continuity of the upline from the big triangle pattern of previous consolidation (May - November 2017). IF price crosses-right correction downtrend line and crosses-up the Long Term trend line then market will go back into bullish trend and we can see a strong bullish reversal. For that price would need to break the 330€ and 350€ resistance. That would make good buy signals. At these low levels, the price is interesting for investors, correction has been tough, and no one is speaking about 'bubble' anymore. That might creates a regain of interest for current and new investors as well as potential big institutional investors (see recent news). Given the immaturity of market and subjacent new technology of blockchain, I consider this could be the bottom of the correction and the beginning of a new mid-term bull trend. Let's market show what's next.
by Ayen
Bottom is in? Maybe. Trap? Maybe. Trading it.Looks like ETH is picking up some bullish momentum as i expected. We have several signs that we have a buy oppertunity here. One key sign is the double bottom formation, on top of that we're very close to completing a inverse head and shoulders pattern, all of this is happening inside a ascending triangle - so the bullish signs are definitly there. The fact is however that this market is very unreliable, as many patterns I have seen play out as expected, many of them have not. In my "ultimate ethereum chart" i said that there was a 70% chance that we would rise, and we did. My conservative target has already been met, which was 340~350, the next target would be 360. I'm gonna take a leap here and say that there is a 60% chance that we will continue to rise, with a target close to 390. I entered a long position between 310-325 where i got in at a full position. However I prematurely closed it at 333, which in hindsight was a poor decision, since i highly believed that we could climb, but my hands got weak after we got that agressive push down. I still profited off the trade which is the important part. It's not easy to stay strong when you're trading inside a bear flag, even if the're bullish signs there. So what about the other 40%, yes, we can still make a drop but i see no immediate reason for this right now, but this market is not rational so anything can happen. There is a lot of manipulation and big whales that are playing their games to confuse traders and influence/supress the price. If we are looking at the classic "Wall Street chart", we are currently at the end of capitulation and not at dispair yet. If this bear flag decides to break down, we are in for a deep ride down. The target is somewhere around 200€, but support could step in anywhere between 300 and 200 to stop it from fully reaching it's potential. All in all, the odds are in our favor (bulls), we have held 300 but we have not yet seen any large pressure there, and the volume has been lackluster. However I don't see any reason for us to try this area again immediatly, but the breakdown from the bearish flag could be fast and harsh. I also argue that we are seeing distribution rather than accumulation right now given the trend, some say we're seeing accumulation and that may be the case, but since the volumes are low I'm still not sure about anything. But right now we're riding on some bullish momentum and I will go long with it and set a strict stop loss.
Long
by ethhunter
2
Down Trend continues on EthereumFirst of all there was a huge volume deposited from the market on 29.03.2018. It leaded to a minimum of 291 EUR. The downtrendline from the absolute top-price, 1160 EUR, crosses the way soon. 300 EUR acts as support, 340 as resistance. The fibonacci retracement fits well to the 1h and 15min frames. From the low and the double confirmation at 338 EUR it forms a decreasing triangle. It also could be a Wedge continuation. Both cases lead to the conclusion that the price will fall.
Short
by Dabida
1