ETHEUR
ETHEUR flat top triangle aiming towards 1500 EURHello traders,
After a brief correction, ETHEUR is back on its ascending rally. Right now chart is forming a flat top triangle (blue outline triangle). As can be noticed, its height signals the price range, which is around 1500 EUR (thus, it will test again that price). Momentum, MACD histogram and KDJ in the 2h timeframe are below underbought levels, so even if the resistence is located at 1422 EUR, right now it's also a good opportunity to buy.
ETHEUR towards 1600 EUR, part 01Hello traders,
The bullish trend isn't over yet, so unless you're an intraday trader, don't panic.
The latest ATH at 1510 EUR signals the exhaustion of the flat top triangle (B, orange) formed between January 19th and February 2nd. However, one must consider that some traders would picture a larger flat top triangle (A, blue) formed between January 10th to February 2nd, which would send prices up to 1610 EUR. Notice, that there's a chance that an ascending wedge might be forming, but we'd speculate with that if prices go down up to 1382 EUR (full red polyline), which is 0,5 Fib considering the latest bullish trend. Whatever happens there will definitely condition what would happen next, whether it be a new ATH reference, or another flat top triangle.
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ETHEREUM - Sticking to the planSecret to successful trading is to stick to the plan!
We have been buying for the last 3 weeks , taking profits at all time highs and buying in again at the dips .
Let's not ignore 'Market games', manipulation and fundamentals.
I said I would be buying until Feb 8th and then sell. The CME factor, yes. In 2017 when the CME started trading Bitcoin the price dropped.
Ethereum will suffer too, I am confident it will happen BUT it is NOT the time to go short yet...
You see, the game is played differently every time but the outcome is always the same..
so, buy mode still on, sell button can wait a bit more.
That's me and how I see things.
ETHEUR aiming towards previous ATH and beyond (1500 EUR)Hello traders,
After an agressive correction, ETHEUR is back on its (bullish) track. Right now it is forming a little flat top triangle noticeable on the 5 minutes timeframe. As the price range taken from the base to the top of the triangle shows, we can expect prices to reach at least 1462 EUR, and a new ATH between the previous 1470 EUR and 1500 EUR. Don't forget setting up tight stop-loss limits!
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ETHEREUM Gameplan - Long videoHi guys, this is the long video I had promised about Ethereum.
It is 15 mins ong so I am making a shorter on in a few minutes. Watch whichever one you like.
Summary: 15% chance it drops now
85% chance it will rise and drop hard before the 2,000$ mark
ps. I am not a Financial advisor guys, I am just sharing my ideas with you here. This is how I will be trading Ethereum.
Good luck people,
FXPROFESSOR
ETHEREUM Let me Repeat: Rise till February 8thI am terribly sorry but i keep repeating myself here:
Ethereum will keep on rising until Feb 8th
We remained BULLISH while many were trying to go short (some of you made fun of me came on chat playing smart-asses, now you disappeared, I MISS YOU!)
Well, we knew it and it's happening , ATHs were expected and we stopped counting them.
At the same time, it has been a Classic Example of how to buy dips when you have a clear direction fundamentally.
Thank you and please wait for the Feb 8 video explanation.
ETHEUR flat top triangle for reaching next targetHello traders,
In the last few hours ETHEUR has been forming a flat top triangle, being its resistance its most recent ATH around 1394 - 1410 EUR. The height of this triangle coincides with the height of part of the larger one formed between January 19 and February 2. As shown, prices are expected to mark a new ATH around 1510 - 1531 EUR.
ETHEUR possible scenariosHello traders, I hope you're doing well.
Apparently a downward channel is being formed, as suggested by the grey polyline. After testing again the resistance at 1381 EUR, we might expect a retracement up to the area signaled by the purple rectangle (Fib 0,618 and 0,50). As you can notice, KDJ signals overbought, momentum is decreasing, and MACD histogram has reached its first threshold (signaled by a green dotted line).
If 1341 EUR is surpassed, my expectation is that the next support would be, naturally, 1314 EUR and 1300 EUR. Now, if that support is trespassed, price would keep sinking up to 1287 EUR, which is a support based on a Fib retracement taken from ATH to 1210 EUR, which is the breaking point from the main support (ie. flat top triangle).
ETHEUR bullish trend pricing until mid FebruaryHello traders,
Flat top triangle is reaching its last stage, and we all expect it to burst upon its resistance on 1210 EUR. Here are some pricing scenarios for the next days:
01. On short term, prices will rise up to 1263 - 1278 EUR, based on a inverted head and shoulders which can be identified between January 25 and 29, 2h timeframe.
02. From there, price will rebound to test the new support on 1210 -1985 EUR before resuming the bullish trend
03. Considering the height og the flat top triangle, I expect prices to rise up to 1370 - 1400 EUR, though things can get a little bit awkward when ETHUSD reaches 1600 USD, which would be around 1343 EU
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ETH in decision zoneETH / USDT
ETH in decision zone
Yes most likely Bullish but not confirmed yet
You can see in chart confirmation areas for buy or sell
The confirmation of uptrend is:
Breaking current high and do a successful retest
The confirmation of downtrend (reversal) is : Breaking down trendline and also green area around 1200$
Trendline in Violet color very important support for bulls
good luck
Inverted head and shoulders?Considering that the main pattern, namely the flat top triangle, is being put into question after weird recent price movements, I've notices that, due to the symmetry of highs and lows, we might be in presence of a reversal pattern dubbed 'inverted head and shoulders'. Notice that volume decreases on each correction and increases progressively on each new high
ETHEUR short and long term pricingA flat top triangle (polyline) forming since January 19 is on its last stage, presenting a potential uprise of about 28% (1522 EUR as target). In a shorter timespan, a symmetrical triangle forming since January 29 could pull prices up to 1240 EUR. Momentum, MACD histogram and KDJ are quite low and rising right now, so I don't expect prices to go lower than 1083 EUR.
Ethereum in channelETH / USDT
price move in channel...
We can see now price lost middle line support of channel if it can't back up quickly then there is high possibility to test the lower trendline
We can see also 200EMA Dynamic support at lower trendline support
this area can rebounce the price if reached
The bulls should hold this zone well for ETH to remain Bullish
Good luck