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ETHEUR trade ideas

ETH is going to break out soonETH is still struggling to breakout the resistance level on daily chart but it is going to make it soon as we can see that MACD 12 is about to cross 26 and RSI is also showing uptrend. First resistance is at about 755ish area which ETH reached few days ago but couldn't make it and the support level is 660ish. Support is looking strong, it has touched it few time and tried to bounce back. The overall trend is looking bullish and the next resistance level would be around 853 area. Patience is the key here.
Long
by CheetahTrader420
The Silencing of the Bears? The showdown of ETH!Hello ! :) Let's take a look at the 4 hour chart of ETH, There we can see that there's a large pennant in the works, if this breaks out to the upside we could be in for some huge price movements. I have set my stop loss to 670 now as this could just be a fakeout and we are bulls trapped in a slope down right into the bear nest if I am completly wrong. Never stop second guessing yourself in this market, because perhaps I'm just a lonely bull in a bearish market, seeing the signs that i want, but i have been correct thus far in many of my calls, so I just gotta stick to it. One thing is certain, this will be the decididing moment for the next move for ETH though. Brace yourselfs & Good luck !
Long
by ethhunter
3
Future of Ethereum?First off, this is not a technical analysis, but a overview of the history. So whatever happens in the day to day basis is just a drop in a ocean here. However, one can argue that history is not really a good measure of the future, that said, this is merly a reference what has happened before. I like patterns and analyzing them, from my perspective this is what i see in the long term. Each time we have been faced with 2 red candles we have been in for a serious ride up, so what will happen next? Who knows. What i can tell is that when/if next bull run happens, it's not gonna be like any other, thats what i think.
Long
by ethhunter
ETH The Three Signs of ReversalHello Everyone ! Let's take a look at the hourly chart of ETH, From my previous charts i have drawn out the Ascending triangle that caused an outbreak. From there we saw a falling wedge form, from which we broke out of with a decent amount of volume, we have since steadily gained ground in the 685-705 region. Overhead resistance is still large, with every increment of 10€ there are big walls with ETH for sale, while the largest wall in our channel resides at 750€. It will take both volume and persistance to break upwards more. As i mentioned earlier, we are still in a bear market and we are fighting with our claws to penetrate the upper boundaries of this channel, yet to maintain it. We are currently grinding our way up but each step forward we take, the bears take 2 back. We are recovering from a bad wound and it will take time to heal. The large channel i mapped out is extending from the origin of the breakout, to the current high at 746€ we topped out at. Looking at the movements we have experienced thus far I still hold on to my bullish position, however reaching 750€ and actually sustaining it could take weeks more. I am however confident that we have set a bottom from now until I am proven otherwise, all the signs I was looking for for since going long from 550€ has been verified. Good luck trading
Long
by ethhunter
Fake breakouts everywhereWe have seen a lot of fake breakouts with ETH (bearish flags, bull traps whatever you want to call them). A few things we can do to avoid them. 1. Always follow the COINBASE:BTCUSD trend. Whether we like it or not, ALL cryptos are affected by the short term movements of Bitcoins. This is the truth. Looking at the BTC/USD chart we can see we are in a bear market and the descend follows a channel like pattern where prices are bouncing off wall to wall. Yesterday, the upper wall was hit and the downward move began at 9000 USD. As a result, ETH, BCH and many others began going down as a result and the recent uptrend quickly became invalidated 2. Fibonacci lines. Dragging a FIB retracement between the highest and lowest points over a period will create a few lines inbetween which will act as both support and resistance. The price typically bounces off these for a little bit and if these lines are broken you can expect a continuation in a certain direction. DO NOT rely 100% on this. This indicator is not sufficient for an exit/entry point, but it can be used to reinforce a stop-loss point or validate some other pattern 3. Short vs Long time frames. DO NOT be fooled by an uptrend on the short term. Long term trends are STRONGER than short term ones. We are in a bearish market and let's assume the price reaches a resistance point observed on the daily candles and at the same time it breaks through a short term fibonacci level or you see a 1 hour bullish fractal. In this case, it is MUCH more likely that the price will bounce of the long term resistance and continue downwards and invalidate your short term analysis.
by BeCulda
1
Ethereum 4h fractals Hi guys, fractal pattern seems to be forming on eth 4h chart. The rightern solid white lines are just cloned from the leftern ones. If they look slightly different its because tradingview provides automatic scaling when moving them. As you can see, what's going on right now looks very similar to what happened from January 15th, with about 20 days lag. The price bounces with extremely high volume, which decreases during the following sideways movement. The first downtrend line is still intact, and we still are below the MA100, the green line. Stochastic RSI confirms downwarding direction, with a pattern which is again very very similar to the past one. We should pay very close attention to price movements and see what happens by the end of the triangle. Bears seem not to be done yet, so I'm short right now. But a breakout above the MA100 and first downtrend line, if accompanied by high volume, will be a very bullish confirmation signal, so do not forget to post your stop loss. Please feel free to leave your thoughts and comments, thank you.
Short
by pieroplutonio
ETH Bulls unloads a combination on the BearsHello everyone ! Glad to say that we finally we have a confirmed breakout in the upward direction ! I'm feeling confident that we have established a bottom and we are looking to progress further. I was discussing volume in one of my earlier charts, I mentioned that the volume was lackluster and it was a concern of mine, however after further reviewing the volume i have come to the conclusion even though we lacked volume intially, we have seen a increase of volume at each resistance, when our largest hurdle was met we saw an increase. It's also important to note that we are not moving to extreme highs with relative low volume, but only enough to sustain us in the current uptrend channel. I see this as a healthy recovery and i expect volume to increase over time. When we made the move from 460 to 650 the volume was roughly 60% more compared to when we moved from 662 to 676. Bare in mind that that the resistance should be higher as we progress further not lower, but yes, we are not having any crazy volumes like when we hit bottom that bought dirt cheap ETH (at our major support zone). You can also read the information regarding volume in a ascending triangle outbreak, "while volume confirmation is preferred, it is not always necessary". The volume also contracted during the ascending triangle (dashed black in the volume bar) - this is totally normal. Where do we go from here? That i wonder too. We can see that right after we broke out there was a huge bearish candle that got absorbed, followed by bullish candle, I'm not expecting 700 to act like a support zone, but it is definitly a zone that will keep on get tested until the bears give it up to the bulls, we are still fighting over territory here. Instead i will rely on the orange dashed line as a support/stop loss below, it's a trendline that the bears got rejected several times over until we finally broke out to the upside. I have mapped out the channel, which looks very similar to one of the earlier charts i made, so that chart is still some what relevant. I have added a paralell channel to the end of the ascending triangle as we might consolidate above the 700€ resistance point we broke. Next big hurdle will be 750€ and 800€, as we start to slowly chop away more to the upside (this will be a progress) I'm expecting more and more volume to enter into the market. As we all know, there has been a lot of FUD which is keeping investors away, bubble talks, crash talks, Tether, Binance, China, etc etc, but i feel like people will start to get attracted to crypto again very soon as the market displays an extreme resiliance and strength. However, if we were to talk real world stuff, the stock market is a bit concerning right now and that could have a ripple effect into crypto if shit hits the fan. Until next time, - ETH Hunter -
Long
by ethhunter