I'm not seeing the breakout yet in the immediate future. We may make another move down before attempting a breakout. Volume always falters as we approach trendline....
After yesterday's drop, there is another rising wedge getting ready. I don't think we're done here yet.
Guys, I'm going bearish here. IHS failed, droped below right shoulder. Triangle broke out bearish. Target would be around 480. In the meantime small triangle re-test possible.
I'm bullish on this ihs retest + symmetric triangle. Just need some volume and let's go.
I believe iH+S on ETH shortterm has been confirmed. I'm looking at bullrun up to minimum 640. Then we'll see how it goes on. Happy Sunday.
Fact is, we're in downtrend since May 6th. No higher high since then. If you're trying to be aggressive, I'm seeing iH+ in formation (violett). You could trade it up to neckline and then let's see how it breakouts. Overall, I'm bullish. However, you're not missing anything if you stay on the sidelines for now. Go make a pizza and grab a beer or something. --
Posssible falling wedge retest (orange line) Possible ascending triangle completion. I'm bullish
I firmly believe this triangle will breakout down. Use your last chance to exit before this bulltrap plays out. Longterm I'm bullish, however I don't see any real buying volume here...:( It's just a chance to get more ETHs for the same price.
Falling wedge forming on etheur daily. I hope this will succeed.
Inverted Head & Shoulders (orange) on shortterm ETHEUR in the making. Let's wait for neckline breakout. Additionally bullish symmetrical triange breakout. Set your SLs and enjoy the ride :) Good night and sweet dreams, Jure
If you're in for some shortterm action, there is a rising wedge forming on ETHEUR. Might give you opportunity to buy some eth cheaper down the road. Overall on daily bullish.
There is still some time to play short on ETHEUR. If you're quick, you might catch the rising wedge on the way down. If successfull, target would be around 620€ (I'd set it somewhat higher) with a very tight stop loss around 655€. But - please don't play this stuff without SL. Its hazardouos for your wallet.
Looks like sell pressure is dropping, at least shortterm. Might be a nice pyramid opportunity, but let's wait until confirmed. What do you think? Will the drawn support hold?
Shortterm - if you're waiting for an entry let's wait a little to touch the triangle again. In you're in, stay in and enjoy the ride :)
Expecting this breakout in the coming days. And yes, this is emotional! :)
There we have an ascending triangle getting ready to breakout. I believe we will start seeing some movement after the end of European holidays around May 2nd :)
There is a big ascending triangle on ETHEUR @2h, which is also seen on daily chart. We've got all the ingredients for a bull continuation after the European holidays :)
ETHEUR is reaching breakout zone on the symmetrical triangle. Let's see if there is enough bullpower to reach the higher high!