ETHEUR trade ideas
Likely more upside to come from EthereumEthereum just broke upwards out of the fairly long standing descending trend lines, as well as the 50 and 100 day EMAs as shown. It also broke the broke the bearish pressure area at 60-70 on the RSI. I would want to see this trend continue with incresed volume and have a daily candle close above 140 EUR for confirmation, otherwise we'll have another weak move or a lower high, thus signalling more bearish momentum.
We pass through the the last uptrend channel, to new highs!!After a long waiting period, we follow an uptrend channel, we entered when we hit 102.75 € and pass trough at 123.6 €, maybe its time for a short time pause and some price consolidation..
If you find it interesting, give it a like and follow my ideas!!
Last very short term bull before abyssLet's talk about the last crypto cycle. The bear market since November 15th is in a long term wave I II III IV V. We had to be able to determine a IV with an ABC pattern otherwise we would double bottom at 71€ with a V at the same level as the III. Hopefully, we could end the B wave and start for a brand new C. We have 4 Take Profits . The targets for a C are 61.8%, 100%, 123% and 161.8% fibonacci . In the last pattern, we can calculate the 3 at 161.8%, 200%, 261.8% and 423.6% fibonacci . 161.8% seems to be a good target for a 3 at around 135€ and is reasonable because of investors fear. If we apply a 4 at 38.2% fibonacci, then we might have a last 5 at around 100% (double top at 140€), 161.8% (155€) and 261.8% fibonacci. 161.8% (155€) for a 5 coincide perfectly with the second Take Profit.
In the long term, we can determine a V at 261.8% fibonacci at around 30€ by the middle to the end of 2019.
Sell STOP : 95€ .
Eth narrow range break!Eth has been playing the narrow range/inside bar breaks superbly, with 5/5 positive trades with the latest break occurring today. Will the winning run continue?
ETHEUR - Time to BUY!Bullish set-up which can reach 2.5K for ETHEUR.
Minor 1 and Minor 2 (green) waves complete.
ETHEUR should resume the bull crypto market and this cryptocurrency should impress with a 2.5K EUR per Ethereum.
Ether is on my radar more than BTC.
* I don't reply to trolls.
Morning Doji Star Pattern on 4HWe can see a Morning Doji Star Pattern on the 4H chart, which is normally a bullish reversal pattern. Let's see how the current candle will close.
ETHEUR 1H: Important levels to watchETH is trading within two important trend lines on the 1H chart. Will it turn bullish or bearish?
Resistance: 136-138 euros
Support: 85-88 euros
EthEur daily analysis Green trendline support price since 2016. Again the trend line has supported the price on December 2018.
Now price is going down, there are many possibility to see a bottom on 85€.
That price is also connected to the 38.2 fibonacci level.
ETH/EUR Short term diamond reversal and breakout identified (4H)Price is looking likely to break out to the upside of this diamond pattern due to the recent bounces from 100 EUR, the high success ratio of this pattern, as well as a buy signal on the stochastic RSI on the 1D chart. If this happens, price is likely to hit the upper trend line of the larger triangle at the 0.5 fib retracement level from the previous break from 183 EUR - thus giving about +15%.
If a downwards breakout happens price is likely to retest 100 EUR. For an aggressive set up the stop loss could be placed just below this. Otherwise I have a stop loss just under the bottom trend line of the diamond giving a nice 4.26 risk/reward.
It's worth noting the ascending RSI triangle on the 1D chart - it looks like a much bigger break is on the way. This could line up with a break of the larger triangle but it's difficult to say which way that would go at this point.
ETHEUR calm before capitulation target around 40 eur (46 usd)
First target 75 eur (86 usd)
Trade safe
Not a financial advice trade at your own risks
Fxg
Handling Cup Formation on ETH daily chartCup and Handle formation is building up on ETH daily chart. It seems that current price drop is a part of Handle curve. Volume levels confirm the Cup formation declining along with the price, keeping it low on the base of the bowl and subsequently increasing. Only weak point here is the fact that begging of the formation doesn't correspond to price peak, nevertheless this is not mandatory is Cup and Handle technically can be produced at lower levels as well.
Currently handle is dipping into what previously was confirmed support zone.
If support will hold one more time we will see handle completed and potentially successful breakout that could send us as high as 200 euro resistance level, passing by heavy resistance around at 135-145 euro and 155-165 euro. If current support level will fail the we are falling back to test previously unconfirmed support level around 90 euro.
This information is provided for education purposes only.
