ETHEUR
Scalp 1% or 2% ETH/EUR KRaken(Baby whales)
We should wait what market will do if it will brake support or resistance line and it will turn into another support line, we have to be patience and wait for it if i would need to make a bet now i would probably go short for small amount of gain like 1% or 2% then i would go for bullish of course you should watch how market acting so Be careful.
RSI could go up a little bit but after all it will go down
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ETH 80 % profit ! Target 375 $My goal from 1 September is break purple line !
Well done 21 September, next step ?
Comeback to test again purple line !
Well done 26 September ! Next step ?
Max hold to the moon ;)
1 First target : 250
2 294
3 320
4 370
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Just check my previous analyze from XRP. Huge profit!
ETH Bulls about to prove themselfs?- Wedge is clearly narrowing.
- We are possibly close to breaking out from this bearish channel and start a new bullish impulse wave up.
It could be a ascending triangle forming here, I've measured out the potential target, hopefully we will see another re test of the recent high (orange line) soon.
However, a drop below the ascending trendline will crush the bullish hope and we can nose dive to the middle of the channel.
I'm long right now but it's a big risk.
ETH - Volume Analysis The last 9 months for the crpyto market has been a brutal place for the bulls and long term hodlers. Ethereum has seen nearly a 89% drop from the top to the recent bottom of $170.
Looking at price action alone, many would say the Ethereum bear run is far from over. However, when taking volume into account, others could say the bottom may be near.
- The Analysis -
Nearly 8 months went by with crypto spot volume plummeting across the board. However this last month Ethereum, along with many other assets have seen a 200-250% increase in volume. The Ethereum volume on the Bitfinex exchange nearly hit an all time high last week.
Looking back the to 2017, these volume levels have only been hit 2 other times. Both of which were local bottoms.
The VPSI indicator, or Dual Volume Price Strength Index, measures the strength index of both the bulls and bears.
This indicator is showing complete seller exhaustion, with the bulls currently attempting to take over. Data like this again only occurred 2 additional times back in 2017.
Taking this volume and price data into account. I believe there is a strong chance that at least a local bottom could be forming here.
If this is indeed a bottom forming, and Ethereum continues to break upwards, I would expect the following targets very possible:
280
326
404
Also take note: The last major leg down, Ethereum plummeted nearly 75% before a 130% rally up. Since this local high, Ethereum has seen nearly an 80% drop without any significant movement up. If this is indeed a local bottom, it would support a possible rally to the $400 level
I hope you all found this volume analysis interesting and maybe even a little helpful!
I wish you all the best of luck!
DISCLAIMER:
Please note I am only providing my own trading information for your benefit and insight to my trading techniques, you should do your own due diligence and not take this information as a trade signal.
Possible first long signal for ETH !Hello friends!
We have a interesting chart in ETH right now, and i think we could make a decent trade here.
I have been sidelining the market for a while, but i was very tempted to long ETH at 150€ range which i kinda regret not doing!
But - being cautious is not a bad idea in this market. Those who did enter a trade at the bottom - congratulations for 50% profit right now :)
I have several indicators going off here that this might be a good entry point,
however I'm waiting for a correction here to the bottom of the channel and looking for a supporting doji on the 4-6h chandle.
This chart is only in 2h that's because the volume is rapidly increasing and we need to follow this closely.
Next major resistance is where my yellow line is, we have some small bumps on the road but i have confidence that we will reach it soon enough.
The imminent corrective target should be between 188 and 192 euro and this is where i would place my limit order,
i think the support at 200 will hold up for a little while, but i think bearish pressure is still here even though it's slowly fading - this is opening up for another eth bull.
After the correction we should expect a spring and another spike in volume with a wave or two up reaching to my target of 250€.
After that rally, I'm expecting a equally steep correction, (to the bottom of the translucent purple channel) which should be the green line in such event.
So i will take profit between 230-240€ and close my position and await another entry point.
We need to remind ourselfs that the overall market condition is still quite shaky, for that reason I will not stay in my position to long and get greedy.
We are still treading in a uncertain market condition but the outlook is getting better.
The key points here is that we have broken out of some strong resistance levels with convincing volume,
as you can see by the green volume bars increasing steadily, as well as the lack of bearish (red volume bars) pressure at the moment.
I'm around 70% certain that the market has met it's bottom here, the only thing that would make me reconsider is if i see a retracement to .382 (see fib retracements on the right side)
Good luck
ETH Danger ! Mixed signals ?A-B ascending triangle measurement, target horizontal resistance B.
X-Y ascending wedge measurement, target horizontal support = Z
Red boxes sending mixed signals, ascending support is holding but price broke out early from ascending triangle, shaping the pattern into a bearish ascending wedge.
We can get confirmation at Y if price closes above Y we can assume bullish position.
If price closes below 183 we can assume bearish position.
ETHEUR Short Trade - 1HPossible H&S forming on the hourly chart as price did not break above the high therefore a short position was entered. Stop loss would be above the high and the potential profit target would be $168 and $157.
Depending on price action when the first target is hit, trade plan could be modified.
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Vision for ETH next 6 monthsLooks like bear will end around march next year if this pans out, and this could possibly be as cheap as ETH goes.
A lot of time until then though, expecting consolidation phase to last after next correction if we rally here and don't decline more.
Most importantly we need to break 360€ to even consider this idea legit.
Made two ghost patterns of most likely scenarios as well, one following my idea and 2nd pattern is rejection at the neckline.
ETH Bottom is closeLooks like ETH is closing in on the bottom, looking for a confirmation on the horizontal/and or the ascending angle determined by the last 4 closed 4h candles.
Looks like a possible inverse H/S could be forming.
Will look to buy back at confirmation signal.
Extensive analysis coming later.
Ethereum (ETH) Short the rally, 20%+ expected gainEthereum has been one of my biggest winners this past month, and I have been shorting it since 300. Right now there is no evidence we have yet reached the bottom, and despite the correlation between Ethereum and Bitcoin, Eth has been slowly declining.
I believe Ethereum will reach 150 USD and my long term target will be 110 USD.
Right now we are looking at a consolidation zone, but Ethereum at 200-215 is a golden short opportunity if it ever gets there. I believe there is little chance we are going past 200 USD currently.
Therefore, you may short Ethereum
Short 190$+
Reduce position/stop loss
210$
193$ if you are using high leverage.
Take profit:
178$
157$
130$
I am currently short Ether from 210, and on my alternate account I have recently entered a short at 192.
I am short Bitcoin from 6700 and will add if it ever retests 6600.
Thanks for viewing! You may find my thoughts on other altcoins such as Tron in the related ideas section.
ETH 'Piercing' the 5 Month ChannelFor the last 8 months, ETH has found itself in a strikingly powerful downtrend. It is now down ~86% from its all time high of $1400, and down over 30% in just the last couple days..
Currently Ethereum is piercing downwards out of a 5 month Trendline/Channel.
As you can clearly see on the chart below, this is the second time we have found the price below the trendline, however ETH has yet to break a daily candle below the level.
Bear Scenario:
IF ETH fails to close the fastly approaching daily above this line, I would expect to continue to correct to the next support around $150
Bull Scenario:
IF somehow ETH is able to succeed in redeeming this trendline, I would expect a correction upwards to at least the $230 region.
It is very upsetting to see this market in such a bearish state.
I hope this analysis was helpful to you all, and I wish you all the best of luck.
DISCLAIMER:
Please note I am only providing my own trading information for your benefit and insight to my trading techniques, you should do your own due diligence and not take this information as a trade signal.
ETHEURETH is lacking a little bit, but move to upside will have to come eventually. I'll try to catch breakout with a small stop loss, if it won't go according to plans. Trade setup:
- entry at 261.00 (breakout)
- stop loss at 249.00 (just bellow 0.382 Fib level)
- target 1 at 293.00 (just bellow long time "breaking line" - see bigger picture bellow)
- final target 316.00 (bellow 2.618 Fib extension, also "level of decision" from August 7th to 10th)
Bigger picture:
Disclaimer: this idea is solely for my own purposes, to satisfy the ego, if it will work out ;)