ETHEUR trade ideas
Pressure building can we top at €3400 and then drop down some?Just a prediction for today, I dont wish to proclaim I am a TA pro so please just take my ideas with a pinch of salt, Newbie central here. Anyway, I hope to see a fast rise, pressure building up for a push, lots of great utilities with ETH and greatly anticipated ETH2 launch money will pour back in for Staking.
ETH EUR ForecastPrice prediction of ETH EUR pair for next days. Two paths shown in picture are very certain.
ETH in descending channel. Awaiting breakout.ETH in a descending channel, possibly until it hits a support line at around 2222 EUR. Awaiting a breakout.
Bear ETH. Peaks vs USDI think its over for ETH against USD.
Huge H&S on the top, similar to BTC.
Took my profits this couple days.
Im out and see what happens...
ETH H&S Patternlooks like potential correction with targets somewhere around 2350
"The profit target for the pattern is the price difference between the head and the low point of either shoulder. This difference is then subtracted from the neckline breakout level (at a market top) to provide a price target to the downside." - Investopedia
ETH to 3700 eur/4400-4500 usdt ETH Will probably hit next resistance at 3700 very soon. Interesting day if btc is falling more behind ETH...
Correction is inevitableIn the lights of transaction capacity max´d out once again, only rather vague solutions somewhere on a far distant horizon, and transaction fees skyrocketing as a consequence, Ethereum is massively overvalued - or better put overhyped - to say the very least.
Hence, there is a very real chance that we gonna see a proper correction up to 70% from its top within the coming 6 weeks.
Also a perfect opp to hedge the other long positions.
Enjoy & All the Best!
ETH/EUR possible short term correctionETH EUR reached the resistence of the uptrend channel.
There is a possibility of a short term corrction.
There are 2 levels of low volume that could offer support. If these will be invalidated we could point at the 2900 POC level.
However I remain bullish in the long term.
€40B Euros Pumped ETH Today have we found a new support lineI have found it amazing to watch such phenomenal amount of money pump into ETH, €40 Billion Euros pumped in today, but it is such a velocity that if this continued ETH would have a market cap as big as Bitcoin within a month, surely a correction must be imminent, if this is the top line for today, have we found our new resistance line for a short while for a breather? if ETH continues like this it will have a €700B Market cap in 10 days, that's ridiculous, my prediction is expect a correction. Just a reminder Im a newbie having fun, watching candles go up and down, I would be happy to buy some ETH at €2500. Not financial advice of course, enjoy this crazy ride.
€3000 by 21.05.21 ?What an amazing week it has been for ETH and the Ethereum Community, there has been some serious shockwaves with the announcement of adoption by major banks to use the ETH2 protocol as a transport layer between private blockchains and CBDC's, the European Investment Bank just announced they are using Ethereum smart contracts to issue €100m bonds in conjunction with JP Morgan, Santander, Credit Agricole while the protocol is evolving using technology like Hyperledger Besu and Consensys Quarum to connect the banks to the blockchain. This new has of course created lots of retail action some incoming from BTC, FOMO is starting to kick in, can ETH get to €3000 by 21.05.21 or maybe sooner?
ETH Short , Euro pairIf you dont like the euro, just chart it yourself in the same way, its a nice learning experience if you are new to this,
Further i see it breaking down again in teh same way as it just has, with the 4 fib levels as Take-profit areas, ALWAYS LADDER OUT, never one TP!
and maybe you could even set your LONG-trade on the Green dotted line or the .786FIB at the same time.
let me know if you want me to chart a coin, NP!
