ETHEUR first the price fall then BULLMARKETIn my opinion we will test the resistance again and then we will drop to 130 - 135 €.
Finally, we will break through the resistance and aim for 187€.
ETHEUR
Ethereum (ETH/USDT)(Huobi) - Buy $138.00 >>> $262.22 (+89.95%)We have signal on Week Chart:
1) Bullish Triangle and 75% first impulse, second impulse same size 75% = target around $265
2) First impulse done, second impulse is ready for up movement.
My order is ready:
Buy - $138.00
Take Profit - $262.22
Stop Loss - $122.22
---
Take Profit = +$124.22 / +89.95%
Stop Loss = -$15.78 / -11.50%
ETH EUR Dump in progress + BXBC announcement (LAST DAYS!!!)The little jump before the dump didn't occur, but the dump is on its way; there might be a little support @ 114€ and the target stay @ 108€; once there, we'll need to make a further analysis.
Check my previous ideas for details and please share your views and analysis for the community ;-)
LAST DAYS for BXBC announcement !!!! :
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ETH BTC Daily triangle breakdown!!!Huge daily triangle was about to breakdown since a long time, and today is the day!
Here we can notice a stochastic bearish divergence, bearish aroon is rising but still not so powerful, MFI is neutral; SMA 100 is going above SMAs 8 and 25; next support might be at 0.032700, on the SMA 200.
More dump is coming as support in hourly is broken:
Please check my previous ideas as this breakdown is linked with ETH analysis, and please comment and share yours for the community!!! :-)
ETH EUR a little bull and a big bearETH (and BTC) are still on their way for a sudden little pump and then a first pullback around 105€ (~119$) 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
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!
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!
Buy the dip, make some profitThere are theories going around that the bottom already happened. Because of these rumours, there is a likely scenario that people will buy the dip (at support) around €102-107 and we will see an increase towards the triangle resistance at around €140. I we break that, we might go towards €170 in April. Another supporting factor: weekly MACD crossed up in december and is somewhat diverging.
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!
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.
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.
ETHEUR - potential GartleyRectangle area looks nice long entry, if it will obey Mr. Gartley. Trade setup will follow, if it will play out.
Disclaimer: this idea is solely for my own purposes, to satisfy the ego, if it will work out ;)
TA on ETH/USDDid a TA on ETH against USD. ETH just surged and broke the resistance at $120 levels and headed all the way till $133 right now. Spike in volume as well. Resistance turned support at $120. However, you can also see support on the bullish trend line at around $115. Its a little bit too overbought at this stage and might correct back to around $120.
Short ethereum assuming parallelity and Impulse wave completionEthEur completed five Elliot waves with bearish RSI divergence. Volume spike during the ending fifth wave. Upper channel border was hit at the top of the move. Assuming channel parallelity and utilizing Fibonacci retracement our short target is between 91.02 and 95.57 EUR.
Are we bottomed yet? Don´t think so But. But... EURWell we need to noticed the volume on COINBASE:ETHEUR since 14th november.
So personally as a newbie i think we didn't found the bottom yet regards how markets works. Well but my thoughts are that big short need a better price to reload so lets restore the people confidence to load shorts at higher price.
It's important to notice that the herd (myself included) need to believe in a long bull run put savings and move funds so the market can turn..
For now that are my COINBASE:ETHEUR targets..
So never forget DYOD... Peace..
OwlTraders always awake on the markets movements.
Are we bottomed yet? Don´t think so But. But... EURWell we need to noticed the volume on COINBASE:ETHEUR since 14th november.
So personally as a newbie i think we didn't found the bottom yet regards how markets works. Well but my thoughts are that big short need a better price to reload so lets restore the people confidence to load shorts at higher price.
It's important to notice that the herd (myself included) need to believe in a long bull run put savings and move funds so the market can turn..
For now that are my COINBASE:ETHEUR targets..
So never forget DYOD... Peace..
OwlTraders always awake on the markets movements.
Are we bottomed yet? Don´t think so But. But... EURWell we need to noticed the volume on COINBASE:ETHEUR since 14th november.
So personally as a newbie i think we didn't found the bottom yet regards how markets works. Well but my thoughts are that big short need a better price to reload so lets restore the people confidence to load shorts at higher price.
It's important to notice that the herd (myself included) need to believe in a long bull run put savings and move funds so the market can turn..
For now that are my COINBASE:ETHEUR targets..
So never forget DYOD... Peace..
OwlTraders always awake on the markets movements.
Maybe double bottom, breakout or big shout out.We can have the 5th end wave from fibonnaci and possible double top. But if the bulls it will be in action we can also break out.
A good key level to be sure on which direction we can go.
From my point of view the volume it's down, we will see the next couple of hours the sentiment.
Thanks!
