ETHEUR trade ideas
ETH is going to break out soonETH is still struggling to breakout the resistance level on daily chart but it is going to make it soon as we can see that MACD 12 is about to cross 26 and RSI is also showing uptrend.
First resistance is at about 755ish area which ETH reached few days ago but couldn't make it and the support level is 660ish. Support is looking strong, it has touched it few time and tried to bounce back. The overall trend is looking bullish and the next resistance level would be around 853 area.
Patience is the key here.
The Silencing of the Bears? The showdown of ETH!Hello ! :)
Let's take a look at the 4 hour chart of ETH,
There we can see that there's a large pennant in the works, if this breaks out to the upside we could be in for some huge price movements.
I have set my stop loss to 670 now as this could just be a fakeout and we are bulls trapped in a slope down right into the bear nest if I am completly wrong.
Never stop second guessing yourself in this market, because perhaps I'm just a lonely bull in a bearish market, seeing the signs that i want, but i have been correct thus far in many of my calls, so I just gotta stick to it.
One thing is certain, this will be the decididing moment for the next move for ETH though.
Brace yourselfs & Good luck !
ETH rejected?A failed impulse wave? Bounced from the resistance again, just something to take note of...
Future of Ethereum?First off, this is not a technical analysis, but a overview of the history.
So whatever happens in the day to day basis is just a drop in a ocean here.
However, one can argue that history is not really a good measure of the future, that said, this is merly a reference what has happened before.
I like patterns and analyzing them, from my perspective this is what i see in the long term.
Each time we have been faced with 2 red candles we have been in for a serious ride up, so what will happen next? Who knows.
What i can tell is that when/if next bull run happens, it's not gonna be like any other, thats what i think.
Long terme, descente jusqu'à 400€/ETH ?Je penses que d'après les trend lines identifiées le prix peut retracer jusqu'à la zone autour des 400€
ETH The Three Signs of ReversalHello Everyone !
Let's take a look at the hourly chart of ETH,
From my previous charts i have drawn out the Ascending triangle that caused an outbreak.
From there we saw a falling wedge form, from which we broke out of with a decent amount of volume, we have since steadily gained ground in the 685-705 region.
Overhead resistance is still large, with every increment of 10€ there are big walls with ETH for sale, while the largest wall in our channel resides at 750€. It will take both volume and persistance to break upwards more. As i mentioned earlier, we are still in a bear market and we are fighting with our claws to penetrate the upper boundaries of this channel, yet to maintain it.
We are currently grinding our way up but each step forward we take, the bears take 2 back. We are recovering from a bad wound and it will take time to heal.
The large channel i mapped out is extending from the origin of the breakout, to the current high at 746€ we topped out at.
Looking at the movements we have experienced thus far I still hold on to my bullish position, however reaching 750€ and actually sustaining it could take weeks more.
I am however confident that we have set a bottom from now until I am proven otherwise, all the signs I was looking for for since going long from 550€ has been verified.
Good luck trading
ETH Short&longThere could be a Bitcoin bull trap forming, so a retracement to 0.618 could be expected, unless we break the support, in which case we are looking at a reverse head and shoulders.
Long term target still stands at around 775-800.
it seems ethereum in 3 to 4 correction cycleWould buy after long consolidation ( 3 to 4 correction wave ) ends, maybe after 3-5 months.
Will ETH break out of the downward channel?I think it will, as soon as volume gets back into it. We will soon hit a critical point, and it will decide how far ETH will go! Fib level and channel wall need to be overcome.
By mid of the year we may have a solid 1200-2000 worth.
If we cannot break out, ETH will dip. Prepare to sell if it drops!
ETH, A Bullish case part 2We took out 700 resistance and peaked around 745 - topped out, and quickly fell,
Here's are my chart idea of what's happening.
Fake breakouts everywhereWe have seen a lot of fake breakouts with ETH (bearish flags, bull traps whatever you want to call them).
A few things we can do to avoid them.
1. Always follow the COINBASE:BTCUSD trend. Whether we like it or not, ALL cryptos are affected by the short term movements of Bitcoins. This is the truth. Looking at the BTC/USD chart we can see we are in a bear market and the descend follows a channel like pattern where prices are bouncing off wall to wall. Yesterday, the upper wall was hit and the downward move began at 9000 USD. As a result, ETH, BCH and many others began going down as a result and the recent uptrend quickly became invalidated
2. Fibonacci lines. Dragging a FIB retracement between the highest and lowest points over a period will create a few lines inbetween which will act as both support and resistance. The price typically bounces off these for a little bit and if these lines are broken you can expect a continuation in a certain direction. DO NOT rely 100% on this. This indicator is not sufficient for an exit/entry point, but it can be used to reinforce a stop-loss point or validate some other pattern
3. Short vs Long time frames. DO NOT be fooled by an uptrend on the short term. Long term trends are STRONGER than short term ones. We are in a bearish market and let's assume the price reaches a resistance point observed on the daily candles and at the same time it breaks through a short term fibonacci level or you see a 1 hour bullish fractal. In this case, it is MUCH more likely that the price will bounce of the long term resistance and continue downwards and invalidate your short term analysis.
ETH shortSo far it's still following the pattern I predicted, if it continues we could soon be seeing a bounce back to 685-700, some bull wicks are forming on the 15min chart, although the volume is concerning...
After that we could see testing the 600 again.
ETHEUR is going upETH bounced as predicted. You could say that tea lower cloud line served as support. It also bounced from the RSI trend line 2018. Now lets see if it goes through the cloud and if the upper cloud line serves as resistance or if it will go through and up some more.
ETHEUR ShortI'm new to this thing, but it's time to start posting my charts.
Selled my ETH, cause I'm waiting to drop to previous lows.
Lets buy it further down.
Ethereum 4h fractals Hi guys,
fractal pattern seems to be forming on eth 4h chart. The rightern solid white lines are just cloned from the leftern ones. If they look slightly different its because tradingview provides automatic scaling when moving them.
As you can see, what's going on right now looks very similar to what happened from January 15th, with about 20 days lag.
The price bounces with extremely high volume, which decreases during the following sideways movement.
The first downtrend line is still intact, and we still are below the MA100, the green line.
Stochastic RSI confirms downwarding direction, with a pattern which is again very very similar to the past one.
We should pay very close attention to price movements and see what happens by the end of the triangle. Bears seem not to be done yet, so I'm short right now.
But a breakout above the MA100 and first downtrend line, if accompanied by high volume, will be a very bullish confirmation signal, so do not forget to post your stop loss.
Please feel free to leave your thoughts and comments, thank you.
