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ETHEUR

ETH ready to breakout? Bulls are readySo, let's see how we can play with our little position of early June. Entered at 215e. Targets: - TP1 at 260e - TP2 at 285e - TP3 at 300e Volume is low lately, but I really don't think we have seen the ethereum dragon wake up yet. Stoch RSI in daily is overbought indeed, however take a look at the exact same situation one month ago. We had two little pumps in this area (80-100) before a big red candle when we hit the resistance (upper part of the arising chanel, in red). Same happened at the end of February 2019. To conclude: given the current volume in ETH, I don't think that we will break the arising chanel by the top soon.More likely than a direct explosion of the resistance (red area), we might grind it in the coming weeks, little pumps by pumps.
Long
by RodolfFlocon
A Different Perspective with Line ChartsLine charts not only provide a cleaner version of what your are trading, but a different perspective. The chart above displays my take on ETHUSD using the 1 hour line chart which is one of my favorites. While comparing this to the candlestick chart, you will see that this provides a much cleaner and maybe even clearer analysis of what the market is doing. The chart below displays both trendline created from both so that you can see the additional noise created by the wicks. Taking a closer look at the published chart above, you may notice a pattern of ETHUSD hitting intersection points of trendlines created on the hourly timeframe. IF ETHUSD would continue to do so, we could possibly get a pattern similar to the one charted above with the red arrows. I created this pattern by assuming that we may create an ABCD correction in conjunction with: BTC sitting on one of my major support lines My Volume Extension PRO indicator has been giving multiple buy signals between 234 & 243 with no substantial pullback A major intersection is coming up We have yet to create a Lower Low ABCD patterns are extremely common in corrective waves ETHBTC looks extremely bullish Thank you all for reading & I wish you the best of luck! cheers!
COINBASE:ETHUSD
by oh92
1
It's Time to Look for SupportCorrections are needed for more upward movement :) The last several weeks Bitcoin has seen amazing price action while Ethereum has been lagging behind. Finally Ethereum is making moves! Just not in the direction many hoped.. Over the last 24 hours, Ethereum has been knocking out support trendlines one by one. Creating nearly an 8% drop from its local high of $175, and smashing through one its vital support trendlines. The break in these trendlines in combination with the Bitcoin price action has led me to believe that we may be starting a correction wave . If this is indeed the start of a correction wave , I expect further breakdown to follow. Currently most oscillators are bottomed or overextended on lower timeframes. Therefore we may get a little upward movement to restest the recently broken trendline. My plan of action: I am hoping to get a small short entry around 167. Currently my first target will be 154 followed by the Harmonic Anti-Alternative Shark completion at 142. Long Term: Until the bottom major trendline is broken. I see no reason to turn full bear. The crypto market has seen quite the turn around since the bottom. Just remember: Corrections are needed for more upward movement :)
COINBASE:ETHUSDShort
by oh92
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 !!!! : BITSDAQ is opening to compete with BINANCE on the Asian market 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
Short
by karamazov06
ETH BTC Daily triangle breakdown!!!Huge daily triangle was about to breakdown since a long time, and today is the day! Here we can notice a stochastic bearish divergence, bearish aroon is rising but still not so powerful, MFI is neutral; SMA 100 is going above SMAs 8 and 25; next support might be at 0.032700, on the SMA 200. More dump is coming as support in hourly is broken: Please check my previous ideas as this breakdown is linked with ETH analysis, and please comment and share yours for the community!!! :-)
Short
by karamazov06
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
Short
by karamazov06
ETHUSD Medium Term ViewThis is not financial advice as it is just for my own entertainment, to keep track of my analysis using Elliot Wave Theory and Guidelines. Rule 1: Wave 2 cannot retrace more than 100% of Wave 1. (Verified) Rule 2: Wave 3 can never be the shortest of the three impulse waves. (Verified, since Wave 3 is already longer than Wave 1) Rule 3: Wave 4 can never overlap Wave 1 (Verified, if Wave 4 has finished) . As for the guidelines: Guideline 1: When Wave 3 is the longest impulse wave, Wave 5 will approximately equal Wave 1. (Verified, this will set the target for Wave 5 at around 50-30 USD) Guideline 2: The forms for Wave 2 and Wave 4 will alternate. If Wave 2 is a sharp correction, Wave 4 will be a flat correction. If Wave 2 is flat, Wave 4 will be sharp. (Quite true, Wave 2 was sharp and Wave 4 was more flattish) Guideline 3: After a 5-wave impulse advance, corrections (abc) usually end in the area of prior Wave 4 low. (Still to come if my count is correct) Happy Trading!
COINBASE:ETHUSDShort
by Stricken
will the RECESSION cause CRYPTO strength?Its doesn't take a genius to spot these strong support and resistance zones, they are stronger than the hulk on steroids, you can see where price has just entered these zones and the bounced. We are expecting price to find its way down to our lower zone use it as support and then bounce back up to our higher zone where we will be placing our TP. We think that with the economy weakening a lot more people will be investing in Crypto as a safe investment, this obviously will push price higher... so get in whilst you can!
KRAKEN:ETHUSD
by ApexFX_Pro
On a Postive Note - Macro vs. Micro Since Etherum formed its latest bottom of $80 and bouncing nearly 100% the crypto community received a glimpse of hope that crypto may rally once again. Since we were rejected at $160 for the second time I have seen an overwhelming amount of bears come out of the woodworks. I am not posting this chart to say whether I am Bull nor Bear, I am merely here to support explain the support and resistance and to show how & why the ETH chart could turn Bullish. The Macro Resistance: The 160 level marks the .886 fib retracement from $5 low in December of 2016 to the all time high of $1400 in January of 2018. Hence the Macro :) Over the course of the last 2 years, this level has been tested multiple times. The first several times on ETHs way up to its all time high, and then twice more on its way down. So being rejected from this brick wall of resistance on the second try is no surprise to me. The Micro Support: Currently at $131, Ethereum sits on .236 fib extension. Which it seems we are trying desperately to break to keeps getting rejected. This being said, from a Micro point of view, I see no reason to be completely bearish yet. The .236 and .382 trend based extension levels are key to hold to support additional upward movement. So from a Micro point of view thing are looking good. The Macro Patterns: Holding these two micro support levels will also support two possible Bullish patterns. ETH currently has the possibility to for form and complete An ascending triangle pattern & an inverse head and shoulders pattern. Both of these patterns would complete themselves if the .382 support level holds and go up to break the major resistance at $160 Summary: Macro vs Micro - at first glance it appears that the major resistance level at 160 is a huge win for the bears. However with the possibility of the minor support levels holding and the major bullish patterns forming, leaves room for the Bulls to gain some momentum to break the major $160 resistance. My plan of action: I have already exited my long from the $100 level and am hoping to re-enter around $112, as this marks the .382 trend based extension. Only time will tell, and unfortunately this market is in no hurry to get anywhere. Cheers and good luck!
COINBASE:ETHUSD
by oh92
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.
Long
by OleksandrSnidalov