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ETHEUR

ETH Twists & Turns, Overall Bearish. ETH 1D chart is showing a strong overall bearish movement and could possibly form a Gartley or Butterfly or H&S. All of them shows the market could take a wrong turn and bears will defeat bulls in coming weeks. From the patterns, one of the possibility is that ETH can retest its bullish strength to fight bears at 770ish resistance. IF fails then boom and it will break the current support and will go back to the previous support which is arround 530ish area. MACD is not looking so good and going to cross the 26 line which is a strong sign of down trend. RSI is again < 50 (what else are you looking for). When looking at volume histos, newbies are scared already. Grab a pack of popcorn and some snacks with chili dip to watch some spicy dips. PLAY at your own risk. see ya!!
by CheetahTrader420
2
ETHEUR: Double or Triple combo?Great, we seem to have completed a double combo (WXY), and the wave is now retracing. I entered a long position at €643 and am expecting a respectable retracement to at least .5 fib levels. I'm laddering sells at various price points at the .5 and .618 ranges. Now, the tell tale sign for whether we are continuing in a bearish trend or back into a bullish trend will be whether or not a wave failure occurs after the five impulse waves up. If we see a wave 3 forming, then we can start re-positioning for an uptrend. if not, then expect to see a further Z wave down (marked as dotted lines; bottom is just a possibility; note that it does not have to be a zigzag and can instead be a flat or a truncated wave)
by rafa_10
ETH getting battered, but for how long?Hello and welcome to another ether hunting trip! Unfortunately in my last analysis, I failed to spot the HS forming and I got stopped out at 680 and locked in some profits. I'm currently on the sidelines and reevaluating. So where do we begin? What do we know? - We broke the downtrend channel. - We have failed to sustain the outbreak and now are inside the downtrend area again. - We reached 800€ before dropping to below 700. What do we not know? - Where is the market going? There are no clear indications except the obvious thing which is down right now. I am waiting for another move either back up to 720 or down to the lower end of the minor support to get some more validation. This could drop all the way down to the 450€ to confirm a double bottom. I am not quite bearish yet, but I am not feeling particularly bullish either anymore, definitly tread with caution here. Good luck :)
by ethhunter
9
ETH returns to basic supportLately we saw a huge impulsive wave wich is now followed by an ABCDE correction wave. In the upcoming days we are going to see ETH going below the 400€ mark where the correction will stop at something around 350€. Allthough there my be a possibility of an ongoing downward move in the regression channel I strongly suspect that we should return to the healthy linear growth we had in 2017. Good BUY opportunitys should be below 400€ with a great growth potential in 2018. --- All trades on your own risk.
Long
by Skillzzz
Time to buy ETH again?I think it's time to jump back into altcoins or at least $ETH which the chart shows a great buying opportunity, both on ETHBTC and ETHUSD chart. If you take a look at the chart on 4 hour time frame (4h charts works well most of the time in crypto space especially when both RSI and MACD is at a low level). ETHBTC 4h makes me want to switch BTC to ETH, another reason I decided to do so is the rising wedge pattern completion point on ETHUSD 4h chart. ***THIS IS NOT AN ADVISE, I AM NOT YOUR FINANCIAL ADVISER!***
Long
by JoE
ETH, A value proposition or a pipe dream?Hello everyone ! Sorry for the lack of updates, It's been a busy couple of days. Taking a look back at my previous chart we have progressed quite nice, however I must admit that i was surprised about the fast move up to 800, and even more surprisingly was the steep drop to the 740 area (broke my channel). We have since then stabilized in the 760 area which keeps my bullishness intact as we keep making higher highs and higher lows. Looking at the 4 hour chart i have expanded the channel wider, to the lower end range of the initiation of the bullish swing to create some more room as we are going more of a sideway pattern right now (what could be called healthy growth/recovery sign). I have drawn out two extra trendlines in my chart that intersect, and these are pathing the way to two possible outcomes for me, either we will continue on the long trendline following way back (larger rise) or more of a slower push (smaller vertical trendline that's touching the channel). The green dashed area has displayed a resiliance to further decline in the recent upswing from 680-690 which is also another bullish sign that enables us to go back and re-test 800 again soon. MACD is slowly turning it's wheel in our favor again. I see 800 happening by Monday or Tuesday next week, perhaps earlier. And by that i mean that we actually should claim that area, just like we did with 700 (not touching 800 and get bullied down like the recent attempt). This is a progress, we need to push back each resistance point step by step. When we get to 800 i see us digging through it in a decent pace, and when we eventually break 850 we will probably smash our way up to 900. I am fairly certain that we will see ETH above or near all time high again in a near future. So let's talk a bit about the value proposition of ETH! Are you a moon kid? Crypto hater? Lambo dreamer or Bubble-about-to-pop talker? Is it all a pipe dream? Are the gains we're seeing unrealistic, is it a bubble? Will it burst? What's going on? We need to be unbiased and understand the technology that is emerging, to be more precise - what foundation Ethereum stands on and which problem it tries to solve, to truly understand what it's value proposition is. Many people that are entering the crypto space today have no clue what they're buying into, that is what makes this space so volatile. Yet, with stocks, people do their due dilligence and read all about quarterly earnings, dividends and what not, why should crypto currencys be an exception? How many that own bitcoin or ethereum actually knows what blockchain is or what it does? Let me get to the point, if you were asked the question "how much will the internet be worth" 15 years ago, how would you answer and why? Even the smartest people on the planet could not give you a good answer, some even claimed that it was doomed to fail, just like they do with Bitcoin and Ethereum. Little did they know that internet would be the single largest marketplace in the world, today accounting for 21 percent of GDP growth over the last five years among the developed countries. If you are only looking at the day-to-day price and are in this for a quick buck - you will be dissapointed. Unfortunately many of us are driven by greed and speculation, and those who are driven by those means will quickly lose out on what could be the next big thing. Every "crash" is someone elses oppertunity and at the same time, anothers persons loss. The question remains, have we even begun to see the tip of the mountain? We can only begin to imagine a world driven by something like Ethereum and what value it could bring to the society as a whole. It is an idea about transparacy and immutability, cutting the middle man and enabling unlimited possibilities. When enough people believe that blockchain is the future we will adapt to it, and when we have adapted, we will see far less of these crashes and only then discover the true value of ETH/Blockchain.
Long
by ethhunter
1
ETH Crash? No, Bear trap!Hello everyone :) We keep on hitting the higher highs and lower lows as i expected and everything is following my projections nicely, we got a tough time in the 740-750 area as i said in my last post. It went inside my long position zone twice, since then we have rebounded and we are not pushing the 785-800 area, i expect this battle to go on for a little while. In this chart i have just envisioned where we go from here, as I mentioned in my previous post, getting from 800-900 will be the "wow" factor, we will probably see some selloff because i think we will push pretty aggressivly in that price range and probably be overbought at some point. In the longer term I see this channel extending for quite a while, and it's possible that this will form a larger mountain than the one we fell out from, thats why I would call this drop a bear trap.
Long
by ethhunter
ETH Coming Resistance and New highsETHEUR with current momentum is going to reach the next resistance soon. RSI at 1D chart is at 50.87 which is a sign of uptrend. Bears are trying to push the market down but the bulls are more active this weekend keeping the positive trend up. Most probably, within next week, ETH is going to touch the next resistance at 38.2% Fib which is arround 845ish Euro area and with this velocity we could have next high peak in 1D chart within a month time frame. Your comments are highly appreciated.
Long
by CheetahTrader420
Agressive channel gets punishedHello! Looking at the 1 hour chart we can se that we have contracted the price action inside the larger channel, it's because we have pushed very agressivly all the way up to 764 and met the overbought condition in RSI, which is a incentive for many traders to liquidate some, as I said in my earlier post, getting to 750 will be a breeze, which it has been. The problem now is to keep support coming in to sustain it, especially when we have entered a such narrow channel. I see us getting slowed down here a bit, but we will find a lot stronger leg to stand on soon, next huge push will take us very close to 800€, however I don't think we will claim it on the first attempt, but we must work our way through it. When we hit 800€ (it's bound to happen now), and when we do, magic will happen ! A look in the orderbook tells us that the largest resistances are in this resistance zone we currently reside in now (700-800). 800-900 is looking a lot easier to claim, but 900-1000 will be quite difficult, but with FOMO in full effect after we completly wreck 800€, i can see 1000€ in the horizon of maybe in 3 weeks. Might even be faster than that. Enjoy your gains if you took my trade since i went long =) Good luck!
Long
by ethhunter
2
ETH - Follow The TrendOh, hello there ! ! While we were buying around 500€ the bears have just awoken from their hibernation and suddenly are feeling very bullish now. Yesterday "I will buy at 300€ !!" Today F.O.M.O Ha ha ! So what happens now? I think we will calmy trade inside this channel with ups and downs but we will always progress higher than lower (higher lows-higher highs) - if this changes i must reevaluate my position, we should continually keep on making higher highs from now. The next objective is to make a huge push that would bring us out of this channel, but first we need to deal with the local resistances - Dem Guerilla-Warfare Bears in 730-800 range :D And a side note: As a Ether Hunter my objective is to gather as many Ether as I can, well I just make trades to just to "hunt" more Ether ;) Liquidating comes much later, like when we see >2000-3000€/ETH (So meanwhile - gotta catch em' all)! The reason I mention this is because people have asked me about advice when they should buy and sell etc, first of all I am not a professional, I'm an autodidact (self learned trader) with a fetish for Ether, thats why I had to learn the market, secondly - I don't like the thought of giving people my opinion how they should use their capital, if hell is unleashed upon them I will be the one that gets burned. All I can do is share my ideas, and if you like them you can trade on them, you can check my accuracy in the previous chart if that's something that interests you. So regarding advice, the only advice I can give you is that if you're looking to get in to the market, now is a great time - as the market sentiment overall has changed, and even the bears are now bullish, well, many of them (some of those elliot wave guys are still bearish :D). Just follow the trend!
Long
by ethhunter
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 !
Long
by ethhunter
3
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
by ethhunter
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
Long
by ethhunter