eth weekly pivotal pointETHEUR triggers the pocket pivotal point on weekly for the third time (teal bar).
The previous times this happens, eth drew a pennant on weekly and after making a new high it entered the real rally.
This could mean that we will need patience over the next weeks and can buy dips ones a pennant emerges.
Going to monitor this and update ones it becomes relevant.
ETHEUR trade ideas
Ethereum retracement possibly could be extended to 170 eurosLast night we saw the parabola get destroyed and Ethereum found support at 205 euros, which is sitting around the 38% drop of the price. The price has been bought nicely at 200 euros if there has been any drop in price below it, but this does not look like lasting for a long time. As every increase in price was lower after it was being bought at these 2H dips. This dip from 250.5 euros to the value hovering around 205 euro. My analysis says that any further drop in price and a daily close below 200 euros we could potentially further drop the price unto 170 euros to complete the retracement unto 62%, which would be a healthy correction for the last week's enormous parabolic rally.
This is not financial advice, but just an opinion from a person who has started to use charts to justify his gambling instincts and losses in crypto trading. So, please beware THIS IS NOT FINANCIAL ADVISE OF ANY KIND.
Bulls Coming?Day View for my Related Idea >
Potential Head and Shoulders reversal formation... I'm waiting for the right shoulder for confirm the pattern and enjoy it ;D!
If you want take a little risk buy now and put a Stop Loss under the Head... you have a lot of chanche to win a big trade in the next months (possible Target 300 EUR).
Merry Christmas.
ETH EUR Dump in progress + BXBC announcement (LAST DAYS!!!)The little jump before the dump didn't occur, but the dump is on its way; there might be a little support @ 114€ and the target stay @ 108€; once there, we'll need to make a further analysis.
Check my previous ideas for details and please share your views and analysis for the community ;-)
LAST DAYS for BXBC announcement !!!! :
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ETH EUR a little bull and a big bearETH (and BTC) are still on their way for a sudden little pump and then a first pullback around 105€ (~119$) for ETH.
See my previous idea for details and don't forget to check the link below before it's too late (it'll close at the end of this month!) ;-)
Announcement:
BITSDAQ is opening to compete with BINANCE and they want to make their BXBC token be the next BNB! Don't miss this opportunity to get free BXBC tokens before the end of March!
Signup: 1000 tokens
Daily login until April: 200 tokens BY DAY!!!
KYC: 4000 tokens
Referral code to signup: bitsdaq.com