ETHEUR Back to 61.8 fibExpect etheur to go back to 61.8 fib after 5th elliot.
1 hour chart is overbought on bollinger bands, and is moving inside the ichimoku cloud.
I sold my eth @1100, and will await the trends. Likely to hit between 800 and 900, so for me that is the new entry point if a bounce is seen. If not fib 50 might be the next target.
I've linked to MarcPMarkets analysis, as that is really good on ETHUSD.
This is only for my own notes, and is not recommended trading advice.
ETHEUR
ETH/EUR correction levelI believe ETH will keep correcting itself until the price falls within the two curves. My predictions is as of monday the extreme volatility will start The growth in price was a result of people entering the market after all the bullish news, looking to win easy money. There is a strong correlation between the more newspapers started publishing the uptrend of cryptocurrencies, the more it kept growing. As the correction will continue more and more of that kind of people will move out of the market after the losses they made by buying at way too high prices. The market will start recovering slowly once ETH will enter the first trendline and will keep fluctuating between the two lines. After some months I see amateur speculators coming back but not for the coming 3-5 months. This is my first chart. Let me know what you think of it.
ETH/EUR long opportunity We see a long opportunity in ETH/EUR.
The pair has broken major trendline resistances at multiple points.
Currently tests strong trendline resistance at 840 levels. We see scope for upside on break above.
Technical studies are bullish. We see RSI strength at 70 levels with room to run further.
Momentum studies are bullish and ADX supports trend higher, Bollinger bands are also widening.
814
Support levels - 780 (1H 50-SMA), 751.99 (5-DMA), 725 (Dec 19 high), 651 (20-DMA)
Resistance levels - 840 (trendline), 955 (141.4% Fib extension of ), 1000, 1069 (161.8% Fib extension)
Good to go long on breakout at 840, SL: 780, TP: 900/ 955/ 1000
ETH Moon Shot Inc.ERC20 Tokens have been booming!
However what good are these tokens without the network on which they were built?
Based on current TA, and the mass accumulation of these tokens running on the Ethereum network. I believe a well deserved ETH rally could be within the near future.
Possibly sending us up over that 1k milestone.
My Analysis:
After a recent rally, ETH is now attempting to break back up into its previous upward channel.
IF we break back up into the channel I have a main target set at $1218.
Possible resistance levels are also shown above.
IF we fail to break back up into the channel, I expect a small retracement back into the 764-854 zone.
I believe this could be an excellent entry zone for any long term investors.
Something to consider:
This analysis is dependant on the current BTC trading conditions. At the time of this post, BTC seems to be stable.
IF BTC continues to breakdown. This TA will likely become invalid.
Happy New Year 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.
Are we not looking at an ugly H&S?Now, before anything else: I'm no expert by any means and my experience with models is close to 0. But, while my gut feeling says ETH is going to break through the 630 resistance area and move up, are we not actually looking at an ugly H&S and ETH will drop to the 520 region, back into the 'normal' range (indicated by yellow lines)? In short: shouldn't we sell?
ETH is about to beat BTC hardETHBTC has likely formed a falling wedge pattern which is bullish. Entering a long position here is ideal considering the fact that ETH is easier to analyse on weekly chart. if we keep going up the MACD will certainly give us a golden cross which would accelerate the move to the upside.But, as I said in LTCBTC idea , considering the current situation that BTC -3.28% is in, I will only risk 10% of my crypto portfolio on this trade.
TRADE WITH YOUR OWN RESPONSIBILITY, THIS IS NOT AN ADVICE.
Expect ETHEUR to break high and run for 750 nextI expect some kind of retrace.
Not sure how far.
According to technical analysis it should hit the 460 level. Possibly with a quick spike.
If you want a nice ride, put it a buylimit-order at 475.
If you don't want to miss the ride to 750 put a buylimit order at 575, but you might have to endure some drawdown before the move up.
Or you can wait for the retrace and then put a buystop-order at that same level (575).
ETHEURAfter a complex correction and setup of the first Elliot wave, Ethereum is now ready for the last push up in the third wave, moving up to fib 1.618 and 1.786
Lower thick red line is Fib 0.5 retracement of first wave.
Upper thick red line is Fib 0.382 retracement which is often the case for third wave retracement.
NOTE; third wave of third wave, so the one to come is fifth wave in the third wave
Sell target 1; 644
Sell target 2; 672
Happy trading
Ethereum ($ETHEUR) what to do ? Just #HODL !Jokes apart, let's look at the levels of #Ethereum. Now I'm looking on KRAKEN:ETHEUR pair because looking at POLONIEX:ETHBTC is meaningless. In this highly volatile period we can try to buy it in the 350 - 340 zone (in euros) and first targets are at 450 , but if you are a true follower of Vitalik: just #HODL.
ETHEUR next upside target is 500 - 550Still bullish ETH.
I think BTC had it's run for now and it's time for ETH to catch up.
Next upside target for ETHEUR is 500 - 550.
we probably have a volatile week ahead with the (alleged) introduction of exchange traded BTC-futures.
Therefore i expect some kind of a zigzag, running stops above and below the market before the next surge up.