ETHEUR trade ideas
ETHEUR - Ethereum heading to support then expecting a bounce upSupport around 330-340 euros.
Expecting Eth to go around that, at least 360 and then bouncing up to have a bull run
At the moment, a possible descending triangle corrective wave is going on.
Watch for point D, if resistance doesn't break, expect downtrend to E and then eth becoming bullish again.
Ethereum The Ultimate ChartHello Everyone,
This will be my chart to follow until this correction is done. It's a crazy map of resistances and supports, fib retracements and trendlines.
Right now it seems like the volume is not particularly strong, however we are still have more pressure on the downside.
We are resting the current bearish Candle on a support line, and by the looks of it we will Close below it.
Next major support is 350, which is a price i will evaluate as a entry zone, but there even a possibility that it won't hold as well. (Green Box)
What we're exactly looking for here is a high volume bounce of any of the supports in the first place, if that doesn't happen we should be looking for a spot where the price is consolidating e.g moving slowly between a point of a support and resistance point.
My impression of this chart is that we might look at 160-200€ the very bottom.
I will update my prognosis with this chart , and this will be the only chart i use until this correction is over.
Feel free to zoom out or in :) I have set my forecast for the low and high price (end of this cycle and start of the new one).
ETH/EUR on track to test 78.6% Fib at 382, stay short Price action rages in 'Symmetric Triangle' pattern and we see scope for test of 'Triangle Base' and 78.2% Fib at 382 levels.
Breach at 'Triangle Base' could see further downside. Scope then for test of 88.6% Fib at 282 levels.
On the flipside, breakout above 5-DMA could see test of 20-DMA at 494. Breakout at 20-DMA invalidates bearish bias.
Support levels - 382 (converged trendline and 78.6% Fib retrace of 168 to 1168 rally), 370 (March 18 low), 334 (Dec 8 low)
Resistance levels - 422 (5-DMA), 493 (20-DMA), 500
Recommendation: Good to short rallies around 400, SL: 422, TP: 382/ 370/ 335
What's going to happen to ETH?Here are my thoughts on ETH for 2018.
There is an ongoing linear growth since 2017. The linear growth was left 3 times but then returned back to linear support forming a flag pattern. After the flag we had a huge breakout to a new all time high.
So right now we might be in the beginning of another flag-pattern wich ends at the end of 2019 where another huge breakout might happen.
Are we going to see the same in 2018?
Feel free to comment I would like to discuss this idea and see wether you agree or not.
We are waiting (ETH)Looks like a breakout is likely to happen around mid april/early may. This can go both ways but i have my reasons to be still be bullish despite the current price action.
Right now we are moving down in a wedge.
This is likely to break to the upside when reaching the lower end, we might hit the closest resistance point and consolidate/slowly move down again.
However we should note that the pattern isn't exactly of a symmetrical triangle but rather resembles it a bit, as we have not made contact with the lower end of the uptrend channel more than once, this is making me think that we could be extending the dowtrend a bit more outside the pennant and make contact with the uptrend line and get closing candle at least twice before we get any real confirmation of anything.
There is a a general bearish sentiment, and we are still in a downtrend but i think that we can hit a reversal sooner rather than moving down to the beginning of the uptrend e.g moving down to the major support line(s) - blue lines.
So now we are waiting... And don't jump to any conclusions to fast, acknowledging that we are still under the bears control and trade with caution, Scalp trading with small position is best here before going in for a big long.
ETH will go down once moreIn the last days we had ETHEREUM touch the linear support formed by 2017 developement.
Though I was hoping we might be through with the bears ETH didn't get the momentum yet it needs to reverse the trend.
What we see now is another head and shoulders pattern wich takes some time but then I think we're going to see another drop.
Don't be fooled and invest now. Wait for the next dip wich will bring us again good below 400 maybe even to 360 again wich then would form a double bottom as a clear sign for reversal of the trend.
What do you think?
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All trades on your own risk.
Dangerous Right shoulder of ETHEUR1. Classical Head and shoulder pattern best visualized in weekly
2.Bearish Rsi divergence continues
3.Possible reversal and a Bearish cypher Formation
4.Reversal of right shoulder can occur on completion of the cypher at weekly resistance level/PRZ , or more likely at reciprocal AB=CD level which is also a weekly resistance on the traditional pivot system
5.Expected downside from the head and shoulder is the weekly Support ..
Note.. this is not a time bound analysis..
Disclaimer.. not for trading/investing advice..
Ethereum short term 550-600 EUR area... long term two options!Hello traders!
Here is my view on ETHEUR.. Definitely Ethereum is bullish short term and is reaching 550-600 EUR area very soon in the future. At that point we must do another analysis of market in general, keep eye on news about coin and look for some good patterns on the chart. Crucial point will be dynamic S&R area of EMAs. If Ethereum dont break this dynamic S&R area then we could see another bearish move.In other hand break to the upside would be clear indicator that bullish trend is activated and with minor corrections we could see Ethereum reaching 800 EUR resistance level!
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Greetings,
Crypto Jungle
ETH: Double bottom/falling wedge ?I'm not very trusting of the markets at all currently, and I feel few people are. Nevertheless, ETH is showing bullish divergence (red arrows), and currently in a falling wedge that converges at the rising trend-line that used to carry ETH before the late 2017 madness. Additionally, this might be a double bottom formation. This could prove to be a the solid ground underneath ETH's feet that will bring some stability to this coin again. Only time will tell of course, but I'm going to throw this idea out there just to see how this pans out.
Dropping the history BOMB (ETH)Hello everyone !
Today we are going back in history, we are going to see if some crazy fib theory turns out to be true and we are all gonna be very rich soon , lambo , them champagnes and a good retirment. Or, end up losing all our shit in the hopes of the next boom cycle.
Whatever you do, be careful and never invest more than you afford to lose.
Now, let's dive in !
- History in the making -
We have now reached the pivot turning point for ETH, at least according the history lessons we are gonna look at today. But remember, history IS not something that will repeat, but my gut feeling says that it might happen.
So, this isn't exactly rocket science, i have mapped out the previous tops and retrancements with the fib retracement tool, and we can see that a pattern is emerging. Either we will make rebound now, from the 0.236 line. There is a chance that we might go to the lower end as well, the green dashed line below. A close slightly deeper in the red zone could indicate decline to the green dashed line.
As long as we keep progressing, close to the thin dashed lines we could expand up more, to the black line above - 0.382.
Good luck,
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ETH LongDisclaimer- This is how I see the market and how I trade. I do not give out any trading advice. You are the only responsible person for your trading.
After a false breakout of a SHS pattern the Triangle breakout came true (SHS not drawn). We also have a completed bullish Bat pattern, and are now at a support structure. Another Bearish Bat pattern in the making. RSI confirm the turning point with a divergence. This is 3 confirmation for a bullish strategy.
A personally note- I think we see the harmonic pattern are right on the spot on almost every crypto pair, because we don't really have anything else for historic data. So when we see it, we all agree on it, and that is self emphasizing, thus it's also marked psychology. But be careful, there is also many manipulations in the market.