ETH 0.03 definitively rejected and going southUnfortunately, all positive signals turned bearish at the same time. It feels like some big hands want this down. Do not fight them. Follow the trend. Which now, unfortunately is bearish.
ETHEUR
Second 0.03 attempt incomingAfter yesterday's strong buyer's momentum that broke 0.03 on Kraken but was denied by Polo sellers, we are gonna have another try at 0.03. The reasons are written in chart:
Quick denial of dump, downtrend didn't even form.
Inverse H&S
RSI holding support, quickly rising with higher lows and higher highs
Long ETHOnce we pass 0.027 I think the uptrend should be confirmed. If we don't break the underlying support line we will see these coming targets....
ETHXBT: UpdateUpdating my previous ETHXBT chart, we seem to be retracing the recent decline.
Now, this could be an uptrend continuation setup, or simply a detour before more downside.
Ideally, you could have entered longs where I covered my shorts, (which I didn't get to do).
Currently, the lower timeframes might allow an entry on the long side, if offered with a safe setup I'll update the chart.
For the time being, monitor price action in the coming days, it's logical to see a move up to 0.03175 at least, but could even go higher.
Good luck, trade responsibly, measure your risk as % of account in any trade you take, to the level where you invalidate your analysis (if you don't have a clear invalidation, you really shouldn't be in the position to begin with).
Cheers,
Ivan Labrie.
Adjusted chart, be on the right side when it happensAdjusted chart, be on the right side when it happens!
0.0246 as stop is valuable.
Could go anywhere from here but i would stay on long sideThe green trend lines maybe initiate anotherbig bull move, obviously we are in a big trend channel up (pink one), if we leave this pink trend channel it is fully decided for weeks if not months.
If the channel holdsMACD is about to cross bullish, the next few hours/days arefight on top in my opinion.Stay aware of the golden line at 0.0295.
Not a dead catIt looks to be agood long entry for a short time or can climb even higher when momentum goes in. tight stop loss under 0.0246 is recommended!
Why i trade that well....Just care about the mother of all indicators. Have a a real close look on the price change before the MACD is to close out bearish or bullish. MOON can happen soon.
The right viewAs some of you said I was not clear, I think it is heading up from here. can totally dump to 0.015 but i wouldn't trade it right here. could go to 0.447 in a few hours, long term is BULLISH.
BIG BULL FLAG?The pump went up a lot more than I thought but target was hit anyway. Bittfinex joining is getting the volume up, traind right here is hard but llok out for the red lines, these worked pretty fine in the last days:
