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ETHEUR trade ideas

ETH A bullish case ?Hello everyone! My last chart didnt turn out as i thought it would, it's now clear that a ascending triangle almost fully formed. This is making me lean more to the bullish side, however i would still argue to trade with caution because we have moved up on relative small volumes. Typically, ascending triangles signals the end of a downtrend, a reversal. I have set my self up with a smaller position to see where we break off to, wherever we move next will be decided today. Good luck trading
Long
by ethhunter
5
ETH: light at the end of the tunnel?It's difficult to be optimistic after such a wild ride down; this was insane! But there are indications that we'll see some recovery coming up. Many coins are showing bullish divergence between the last two dips (2nd and 6th of Feb) and trade volumes were huge on both. So that could mean that we've reached the demand zone. Bullish divergence indicates sellers exhaustion. ETH doesn't show the same divergence, but still we might be seeing bottom formation. Anyway, not really much of an idea to share right now, other than some possible trend channels (blue and red). And upward break from the blue channel would be a great start, although the 663 level might prove tough (pretty much near the 800 dollar level). Once ETH passes that falling red line up there, that is when things will look really bright! But that might be a while.
by stuff
ETH, why do you want to be so cheap? Oh well, thank you!Hello everyone ! I'm say to sad that the volume we needed did not show up to break the current downtrend. On the 1 hour chart we have crossed over to a brearish state again, and we can see the shape of a head and shoulders pattern appear. We will go probably go down a bit, but the question is how much, and when to re-enter again. I have mapped out some possible scenarios, or rather entry points to enter a long position again. The first would be right above the blue dashed line, where we ran up from to take a second stab at 700€ which got violently rejected. The second entry point would be at the very bottom in the blue box, where we initiated the uptrend rally. The third (pick your poison) could be anywhere inside the green box named 1-3 where bullish moves was made. However, the most feasable option would be to verify a double bottom (this carries the least risk and most reward) at the low area end where we started the uptrend (purple line). Good luck trading
Short
by ethhunter
ETH Why you wanna be so cheap?Hello everyone ! I'm say to sad that the volume we needed did not show up to break the current downtrend. On the 1 hour chart we have crossed over to a brearish state again, and we can see the shape of a head and shoulders pattern appear. We will go probably go down a bit, but the question is how much, and when to re-enter again. I have mapped out some possible scenarios, or rather entry points to enter a long position again. The first would be right above the blue dashed line, where we attempted a second attempt at 700. The second entry point would be at the very bottom in the blue box, where we initiated the uptrend rally. The third (pick your poison) could be anywhere inside the green box named 1-3 where bullish moves was made. However, the most feasable option would be to verify a double bottom (this carries the least risk and most reward) at the low area end where we started the uptrend (purple line). Good luck trading
Short
by ethhunter
ETH Showing it's moves - But needs more volumeHello ! Let's see whats going on the 6 Hour ETH EUR chart! We can see that we are progressing nicely but met some tough resistance at 700€ and got kicked down to the mid-low 600€, but the bulls pushed us back up, and right now we are hovering just below the 700€ resistance again. To successfully break 700€ we need the volume to increase, If we manage to break 700€ and sustain above it - it would be a huge victory for the bulls. If we manage to push all the way up to the next resistance around 800€ , we will probably see some selling again which could drop us down to either 700 or the the minor support zone that i marked out, and then perhaps bounce from there. However, If we cant break 700 i have a feeling that people will stop believing and we could in worst case go back to re test 450€, but the preferable option would be to move sideways until volume steps in. Good luck trading
Long
by ethhunter
ETH Bulls are back, but the bears are stubborn ! Next move ?Hello everyone ! Looks like I'm on a streak right now, made some good decisions lately and I'm really feeling the market, I Hope that i helped someone with my ideas. :) So whats the next move? Right now we have established a uptrend channel that still is valid, though while i was charting out everything i saw that there was an attempt to break the channel, as of now it's still valid. (You can see the thin wick of a bearish candle dropping out from it, as long as the wick is thin and not filled out this is a very bullish sign) Since my last post we had a bullish divergence crossover, we had amazing volume that's gave us a leg to stand on, however, we are not running right now, but rather slowly creeping up to establish another, larger channel to move within. Good thing is that I see support appearing all over the board, but the bears are very stubborn and trying to kick us down again, but my feeling is that we simply had enough now. What' will happen next? My gut says that bears will try to break this channel to force out liquidation on people that are keeping tight stops, and this may happen but I would not worry to much about it unless we move towards the mid or lower end of 500€, but if that were to happen, it would signal that we are in a bull trap, however i would say that the bull trap already happened at when we went from 565 to 810€ -> then DROP all the way to my long target (green zone), a prediction i made in my earlier charts. I have encircled the bullish zone we need to move inside, this current uptrend channel that we are moving within right now will prove us a entry to a much larger channel which will open up for a much wider uptrend. Since i started my long i have moved up my stop loss, to right above 500€ to protect my profits. Good luck trading
Long
by ethhunter
ETH - WHERE IS THE BOTTOM!!!!!!I guess everyone wants to know, where is the bottom at ? Personally I got my limit orders filled at 550€ and got some more orders waiting to be filled at 500€. So what about the bottom, this is just "for fun call" but what i can say is that 400€ is a SUPER bullish zone for ethereum, and has been a notorious resistance point in the past. If that zone breaks, I don't know what to expect really - so 400€ is the absolute bottom for me personally, if we get past that point i'm not touching this for a while. This is just a for fun guess , and please don't set your buy orders at 400€ - chances that they will get filled are slim. :)
by ethhunter
ETH - clearly a bubble crashing, yes, GET OUT!? No, no no !So what's going on, everything is crashing. Yeah, it is... For the people who are new to crypto this may look like this, but it's all a part of the cycles in this volatile space. Vertical movments always act this way, but if we take a look at the bigger picture here we can see that we went into a parabolic mode and we have now moved down all the way down to the long-term trendline. This is the important part, this is where the majority of people want to get out, a.k.a "blood in the streets". But this is also where the smart traders get in, they got out way before this happened because they saw that rest of the investors were in a state of euphoria which is now close to capitulation, and now are looking to get in a long position again. I have dashed out the long term trendline and as you can see we are at the bottom of it, if the trendline breaks I'm pretty sure we will correct into the long time trendline very quickly. Not much to say, I'm going long from here and setting a stop loss at around 395€ which actually is south of the trendline, this is because the bears got us at their mercy and they will do everything to squeeze out the people in long positions to gobble up more cheap eth. Having such a low stop loss is a risk I'm willing to take because the reward is much greater. I wish you all good luck.
Long
by ethhunter
Ether, get your parachutes out!I was initially bullish after the recent action when we saw the engulfing hammer shot us back all the way to 790€. I was expecting a decline after that, but i also saw the start of a trendline that would put us near previous support or 850-900€. I opened a long around 680€ that i closed prematurely - around 800€ because i was still unsure about the situation and i noticed starting to form bear flag appearing on the 1h chart. As expected, we dropped from the minor support we had established, we are now looking to go lower before any gains can be made again. I'm perma bull on ETH because of the use case, technology and not least the amount of developers involved in Ethereum. -Developers Developers Developers- this is the key to the success of Ether which will be reflected in future price. I will be looking to accumulate at the next stop which will be the origin of the engulfing hammer, if we can verify a double bottom there we have no other way to go but to retest 800-900€ but there is a lot of resistance there so building momentun can take some time. My confirmation that i was looking for in my 1st published chart is now verified, we are in a bear market that could last for a while. I will be looking to accumulate when we hit the lower end of the price which is my red line target.
Short
by ethhunter