When unsure ...When u don't know it is a trend or range ... it is probably a range ...
And when u don't know to count EW u are in 4 or b ...
So what if we are being shake out before a big 5?
Comments welcome ...
ETHEUR trade ideas
Ethereum / Euro trend linesI used the line chart over a period of a few months to detect a meaningful pattern, removing the noise of daily flunctuations.
I believe I have discovered what seems to be a Pennants Patern .
I am not sure whether $ETH will follow a clear path to break out, or consolidate around 1500 euros first.
I am not so sure about the momentum, as the current volumes are lower than those that created the "flagpole".
AN AMAZING TRADE ON ETH/EUR!ETHEREUM TARGETING 2.500 EUROS!!!Hello traders,
I hope you are doing great!
A trade we have also shared on the V.I.P group 9 days ago is starting to follow our prediction.
Of course we are long term holders of the Ethereum coin but because of this pattern forming and the lagging character of the Ethereum in comparison with Bitcoin we took place in this more short term trade.
Technical Observations
1.Fisrtly we are in clear bull market in cryptos and in Eth/Eur also.
2.We can the ascending trend line that kept as support various times with buyers coming in aggressively.
3. We can clearly see the triangle pattern formed.
4.We can also notice the Macd recharge to zero level without making lower lows and that's statistically is a very bullish sign.
5.We project the previous impulsive move before the consolidation pattern and we found the first target as an extension at psychological round number of 2.500 Euros per coin.
Fundamentals Observations
1. CME Ethereum Futures.
The arrival of Ethereum futures will ultimately bring more maturity to the crypto market and, although futures are not physically delivered, greater liquidity. This is beneficial because it will give institutional investors in particular the opportunity to hedge spot positions, which reduces overall risk and in turn makes Ethereum a much more attractive investment.
2.Ether Burning Fees.
EIP 1559 is an Ethereum Improvement Proposal put forward by the project’s co-founder Vitalik Buterin, along with developers Eric Corner, Ian Norden, Rick Dudley, and Matthew Slipper, to implement changes to the way ether transaction fees are presented to users, as well as the management of ethereum’s supply. EIP 1559 suggests scrapping the current auction-style fee system in favor of an algorithmically determined base cost, called the “BASEFEE.”The idea is this will encourage the steady deflation of ether, which, in turn, should help bolster prices over time.
3.Ethereum 2.0 Rollout.
While there is no confirmed date for the launch of Phase 1, it’s expected to arrive sometime this year.
INITIAL ENTRY WAS AT 1342 EUROS
SECOND POSSIBLE ENTRY AT THE RETEST AT 1575-1600 LEVEL
TP1 2500 EUROS
TP2 3000 EUROS
INITIAL STOP LOSS 1265 EUROS
TRAILING STOP LOSS 1420 EUROS
RISK/REWARD 10-15!
ETH - EURshare you're toughts on this one
-- dont take it as financial advice im still learning and i can't predict the future no one can!! --
ETHEUR 4hr so far 19/3/21Yeh well, see how this will play out. Almost the same as btc. stoch rsi overbought/macd upwards.
Im curious about your thoughts ;)
$ETH Bearish engulfing cande on the 4H, could see EUR1.452 soonBearing engulfing candle on the 4H, could go to EUR1.452 which is also Fib 61.8% $ETH #ethereum
ETHEUR Analysis 14-03-2021Currently, it's best to wait & see before taking any positions. There are 3 possible scenarios that could happen:
1. It will break the channel resistance at around €1,590 (wait until the bar close above the resistance line). In this case, the price might goes up to €1,650 and then testing the previous ATH at €1,665.
2. The price bounce at the channel resistance (around €1,590) to around €1,540. Wait until it bounce before short.
3. The price don't manage to break the triangle and goes back down. In this case, it's unclear where it will break out. So let's just wait & see here.
** If you enjoy my idea, please like.
ETH Long -> BUYas ETH does not break down the parallel channel (green area) we still Bullish , a Bounce and break out the red area is expected, if so, BUY
ETHEUR bearish short-term scenarioHello traders,
Two triangles have been forming recently: the first one since March 8th around 1400 EUR, and the second one since March 9. The former is a symmetrical triangle, while the latter is a flat bottom triangle. As chart displays, the former is not that clear, while the flat bottomed (drawn in blue) is more evident.
In terms of pricing, considering the height of this flat-bottomed triangle, prices could potentially dip up to 1380 EUR, which coincides with the resistance configured by the inverted head & shoulders pattern, formed and fulfilled on late February. However, one should also consider 1420 EUR as a consolidated resistance in the case the pattern that goes from February 23 to March 05 is a flat top triangle.
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ETH prediction, ETH Heading for ATHCheck out my new chart. Same strategy as my bitcoin chart that ended up great. Ethereum is high in its bandwith now so will be corrected but is heading up to ATH
Trying to capture third wave??Maybe Ethereum could be choiceEthereum has already breaked out the Corrective B waves and in the verge to break out the channel...
