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ETHEUR

The Great Ascending TriangleAfter what seems to of been months of consolidation, ETH is finally on the move, and very rapidly. IF we are able to smash through the resistance zone between 390 and 407 I believe this could send ETH into one of its' biggest bull runs yet. As you can see on the chart, it appears ETH has formed a giant ascending triangle. Now if the size of the triangle reflects the magnitude of the breakout, this could be huge. We have also just broken AND bounced off the RSI trendline. I believe this has put ETH in an extremely bullish position. However, this will only be ETH's second test of the resistance zone, so a breakout is not guaranteed. My plan of action: The Good: IF we break into the resistance zone I will add to my long from $340 My target from there would be the previous ATH of 410. IF we break through that level I will once again add to my long. My main targets from there are shown in gold on the chart above. They are 481 and 576 . However, I will likely take profits at intermediate resistance zone which are also shown above. The Bad: There is always the possibly that ETH could hit the resistance zone and bounce off. If this happens, I will likely take profit from my previous long and wait for a clear re-entry. The blue lines within the triangle represent possible support levels. Lets hope for the better of the two! This could go down in history as The Great Ascending Triangle 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.
Long
by oh92
23
Ethereum AnalysisTechnical Analysis We have not seen significant upward movement since we made the run to 400, which was a few weeks ago Ethereum consolidated for almost 2 months, as seen in the yellow box. It is time for a break-out. It is forming a huge ascending triangle, known to have large breakouts. The breakouts of this pattern generally measure from the base at the start of the pattern formation to the top of the triangle structure. That breakout would take us to the mid $400's. We have outlined 2 scenarios we are likely to believe are most probable to play out. From the chart, post-consolidation you can see Ethereum attempting to move upwards. There is resistance in the previous swing high, or $350 USD. Stay out on the look for a Doji or any candlestick pattern(s) signaling indecision or buyer exhaustion towards the top of the $350 resistance level. This would signal movement back to the uptrend support like around $300-$310, or a play-out of the second scenario, as shown by the blue arrows. If a green candle closes above the $350 resistance level, that is a signal that the first scenario will play out, & that is that the current run breaks through the resistance level and on to the $350s+. I'm led to believe that the second scenario is more likely, as this pair seems to have gotten very slow towards the resistance level over the past few hours. If this is true, I will place buy orders towards the bottom-half of the up-trending support line, and set my stop losses 7-10% below my entry. If the top or $350 resistance level is broken, I will place another buy order with a stop-loss around $330 USD. I have already entered at $340, but it seems to have fallen to high $330's and having a hard time breaking $340 USD again. Personal Opinion I strongly believe in Ethereum's technology. It has minimal competitors and of course was first-to-market, giving it a similar "throne" to the one that bitcoin holds. I think it is not unrealistic to expect Ethereum to be valued more than bitcoin in the future. Ethereum's technology is much more applicable in real-world cases and can serve as a mediator to provide a wide variety of products, services, and smart contracts that could not have been created before. There are also altcoins that have better features than what Bitcoin was created for, as many of them can provide more anonymous, quicker, and cheaper transactions. These include Verge (anonymity), Monero(anonymity), Ripple(speed+affordability), and Litecoin(speed+affordability). Fundamentals I think the team will bring new things to the table very soon. As you can see, he is very active, and although not working all the time, very often discussing it. Thank you for reading my analysis, you can check it out at: thecryptolabs.com
BITSTAMP:ETHUSDLong
by JCBCrypto
2
ETH testing the main downtrend lineETH has had more than a month long consolidation and accumulation period. It tested the 295 eur resistance a couple of times and failed back down with a false breakout. This time, it has a very nice supportive structure with multiple higher lows and higher highs in place, and the buying volume looks great in this last move up to the resistance line. Note the black downtrend line on the chart. That is the main downtrend line which ETH never managed to break since the all-time-highs in June. If you're not already in, it is important to wait until the price decisively breaks out of this major trendline (with good volume), and the 295 eur fibonacci resistance as a confirmation of the beginning of a new uptrend which can take this market to new highs (probably even surpassing the all-time-highs set in June). First target 334-340 eur resistance zone.
Long
by eyupium
ETH, watch out at the TIME!Hello guys, hope all good It's always nice seeing positive and "green" days, especially when it's about the asset your holding. But don't let your emotions fool you. Eth breaks out the previous resistance (the gray area), suggesting a further upward movement. However, if you notice, we are in proximity to the long descending trend line, in which the price heavily bounced back already 2 times. If we take into account the time, the previous rally lasted approximately 80 days followed by a sharp decline. Past data is not always a reliable tool to predict the future, but it's useful. Therefore, from a technical analysis POV considering the time as well, the price might retrace because the rally has been up for 80 days and it is in close proximity to the descending major trend line. If you are a long-term trader, I would suggest that you hold. But if you are a short-term trader, I would suggest you sell and find a better buy opportunity, which in this case it could be around 240euro. If you enjoyed my analysis, make sure to hit the like button :) I would welcome any thoughts/comments. We learn from others! Cheers, Sebastiano
Short
by Sebatrader1
6
ETH, Are We There Yet?As you can see from the chart, ETH has been consolidating for some time now. Some analysis believe, the longer the consolidation, the larger the breakout potential. That is IF it ever happens.. Some key levels to watch out for are the 335 and the 338. Breaks in either of these levels could help ETH gain some very bullish momentum. IF we break BOTH of these levels, my first main target for ETH would be 353 at its previous lower high, and then followed by the fib extension at 373. If we end up breaking the 338 level, I will post additional targets below. 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.
Long
by oh92
ETH base range indicates upper target of 610 EuroShort term: some consolidation at a slightly lower price followed by good upside potential. ETHEUR is looking a little exhausted on daily volume. Possible retest of the bottom side of this ascending triangle. Retest would give a lowest price of 262-264 Euro in the coming days, allowing for more supply to drive the price upwards and break descending (dotted) trendline. Long term: ETHEUR is looking bullish. We can see the base range for this ascending triangle is around 267 points, give or take. This would give us a target range of about 610 Euro in the long term, once there is a break to the upside of this ascending triangle at the 345 Euro area. We are looking for a break over previous all time highs around mid to late December.
Long
by Heinzz
[ETHUSDT] Trade IdeaSo Etherium just topped at the resistance level previous stabilished around 328, so this is a bad time to get in, but as we can see at the daily chart things are looking positive so the tide is on favor for a positive movement. Yet we just topped and if you look at smaller time frames all indicators point for a intraday readjustment, so would be smart to buy near the support level(green lime) when the indicators start to show a reversal. Buying nearby the support line would give you a small down side and it would allow you to still get out with profits in case it fails to break the red resistance of 328. In case the resistance is broken and the ascending triangle pattern is confirmed, we can set a sell target at 340 and if you have nerves 350. My backtesting of ascending triangles with crypto with more than 100 trades shows a possibility of 65% of reaching that sell target in case the breakout is confirmed. Breakout entry tip: buy above the highest of the first candle that the lowest and highest closes completely above the red resistance line at 328. Completely above means completely above, it means that even if the lowest is still under the breakoutlevel (328) I'd keep out, trust me this will make this trade fail proof. Don't be stupid like me yesterday on ripple buying near the resistance level and praying because indicators looked good (took a 3% loss). Play safe, win always.
by spectertrading
3
ETH - Time to Shine?As we all know, ETH has seen very little action over the last month due to BTC stealing the show. However with the BTC fork craze nearing an end, I believe that ETH may have a chance for a move. As you can tell from the chart above it appears that ETH is starting to squeeze within a pennant. The BULL Cycle: IF we happen to break through top, I will be entering a long position. My major target points would be 350, 394, and 448. Additional target points are the fib extensions shown above. The BEAR Cycle: As much as I would love to see ETH make a run up, there is still a chance we will fall out the bottom of the pennant. IF this happens I will likely place a short, and my first target would be the major support line at 271. I hope this helps 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.
Long
by oh92
4
ETH - BIG Triangles.I've been in ETH since March 2017 and have traded it as best possible to my skillset. Only when it touched 325 eur the second peak did i realise it was forming a huge triangle and that its master plan was reveild. I planned for the drop and waited. I set up the first BIG triangle. I closely followed BTC, BTC dropped and withit brought ETH down touching down exactly at the bottom of the triangle i had set up. I bought. The bounce was awesome. BUT i felt BTC did not drop low enough which was the general sentiment I heard from other people too. This took me back to the drawing board. Was this one big bull trap.. were we not over yet.. So hunted for a 2nd big triangle... and its there... could ETH and BTC do a nother deeper drop and complete their triangles.. or was that it and up away we go.
by Onyro
3