Bearish Bat Pattern on the ETH-EURBearish Bat Pattern on the ETH-EUR weekly chart.
Could we see ETH at sub 1k in the near future?
share your thoughts below.
ETHEUR trade ideas
ETHEUR Ethereum retested previous ATH and 61.8% fibonacci levelETH just retested 61.8% fibo level and the previous high. Standard bullish pullback, no need to panic ;) Seems like GS just wanted to buy at a nice price so pushed it down. Nicely done!
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.
