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ETHEUR trade ideas

Support tested - solid boucne, Ether looking higher!Made a pretty good call yesterday, and we are now in a good position for a longer trade. I took some small profits instead of closing my whole trade, as i originally planned to do. It looks like we have a new trendline targeting previous support levels at 850 and 900€. I think we will go there but,but expect a small decline or consolidation if we manage to touch 850€, taking some profit would not be a bad idea at that point, as we might go back to confirm 800€ , which will act as a support until we can test the trendline again. Don't have time to write as much as i wanted but you can see my projection and my idea how this will pan out. Good luck fellas
Long
by ethhunter
1
ETH confirming bounce, or dead cat? Bulls taking the fight !We seem to have established a support around 685€ after dropping to a whooping 573€ and currently moving around in the 700€ area. I wont go too in depth because my technical analysis skills are very limited, but taking RSI and the volume behind the engulfing hammer thats formed, this is could be the end and of the current bear market, but beware and use risk managment. The 1h chart still is moving down from the recent high of around 790€ , close to 800€ which ha previously has been a support zone, and turned into a resistance now. I think there is a good chance we will see a slow decline to the current support that has been established, until we move to further highs, which I'm looking for - a somewhat of confirmation.
Long
by ethhunter
ETH looking extremely cyclic and going to 1800After the last couple of bearish days I lost confidence in my previous ETHEUR analysis. Especially because guys like "sebastian.seliga .7" said we might be in ABC correction. But now I am even more convinced that I'm right. ETHEUR hast been extremely cyclic and has already performed at least 2 of these cycles and right now we are in the 3rd. Every cycle starts with the crash of the last all time high. (ORANGE) There we can see a fist drop followed by an even deeper one to the area of the support from the last cycle. Then we have a quick recovery (BLUE) followed by a smaller downward wave (YELLOW) wich is not going higher than the last (BLUE) recovery. After that the chart consolidates and volatility should go down.(GREEN) After the consolidation we can see a new rally to a new all time high (CYAN). For the new all time high there are different possible ways for calculation (WHITE): 1. increase since last consolidation (~640) to last all time high (~1200) consolidation now (~950) to new all time high --> 1780 2. crash (~400) to last all time high (~1200) crash (~600) to new all time high --> 1800 So I personally believe we might see something around 1800 for a new all time high in a couple of days. Do you think the same? ---- all trades on your own risk
by Skillzzz
ETH/EUR sell opportunityETH/EUR is extending downside for 3rd consecutive session, trades 5.09% lower on the day. Upside in the pair remains capped below 5-DMA which is immediate resistance at 859. Downside in the pair is currently holding support at 38.2% Fib retrace of 115 to 1183 rally at 775. Break below 38.2% Fib support is likely to see further weakness. Scope then for test of 670 levels. Technical studies on daily and intraday charts are bearish. Immediate support below 775 lies at 50-DMA at 725 levels. On the flipside, breakout above 5-DMA could see upside till 20-DMA at 935. Violation at 20-DMA to invalidate bearish bias. Support levels - 775 (38.2% Fib retrace of 115 to 1183 rally), 725 (50-DMA), 670 (rising trendline) Resistance levels - 800, 859 (5-DMA), 930 (23.6% Fib) Good to go short on break below 775, SL: 860, TP: 725/ 700/ 680/ 650
Short
by FxWirePro
ETH seeking new ATHAfter bouncing off from the support at ~650 it seems like the correction is over. ETH is on it's way back up to a local support barely above the 1000€/1200$ mark. It will stay at that level for a while to consolidate and get new momentum. Then we should see ETH break upwards again to seek a new all time high. Since BTC struggles more and more to recover from crashes an all time high at around 1800€-1900€ should be possible. If my analysis is correct there should still be an opportunity to buy in if you haven't already. After the reach of our target it's time to say good bye and cash in. All time high could be achieved in the beginning/middle of february. Please like my review if you agree or comment your ideas down below. BUY IN: NOW TARGET: 1800€/1900€ TIME TO TARGET: ~20 days -- all trades at your own risk.
Long
by Skillzzz
3