AN AMAZING TRADE ON ETH/EUR!ETHEREUM TARGETING 2.500 EUROS!!!Hello traders,
I hope you are doing great!
A trade we have also shared on the V.I.P group 9 days ago is starting to follow our prediction.
Of course we are long term holders of the Ethereum coin but because of this pattern forming and the lagging character of the Ethereum in comparison with Bitcoin we took place in this more short term trade.
Technical Observations
1.Fisrtly we are in clear bull market in cryptos and in Eth/Eur also.
2.We can the ascending trend line that kept as support various times with buyers coming in aggressively.
3. We can clearly see the triangle pattern formed.
4.We can also notice the Macd recharge to zero level without making lower lows and that's statistically is a very bullish sign.
5.We project the previous impulsive move before the consolidation pattern and we found the first target as an extension at psychological round number of 2.500 Euros per coin.
Fundamentals Observations
1. CME Ethereum Futures.
The arrival of Ethereum futures will ultimately bring more maturity to the crypto market and, although futures are not physically delivered, greater liquidity. This is beneficial because it will give institutional investors in particular the opportunity to hedge spot positions, which reduces overall risk and in turn makes Ethereum a much more attractive investment.
2.Ether Burning Fees.
EIP 1559 is an Ethereum Improvement Proposal put forward by the project’s co-founder Vitalik Buterin, along with developers Eric Corner, Ian Norden, Rick Dudley, and Matthew Slipper, to implement changes to the way ether transaction fees are presented to users, as well as the management of ethereum’s supply. EIP 1559 suggests scrapping the current auction-style fee system in favor of an algorithmically determined base cost, called the “BASEFEE.”The idea is this will encourage the steady deflation of ether, which, in turn, should help bolster prices over time.
3.Ethereum 2.0 Rollout.
While there is no confirmed date for the launch of Phase 1, it’s expected to arrive sometime this year.
INITIAL ENTRY WAS AT 1342 EUROS
SECOND POSSIBLE ENTRY AT THE RETEST AT 1575-1600 LEVEL
TP1 2500 EUROS
TP2 3000 EUROS
INITIAL STOP LOSS 1265 EUROS
TRAILING STOP LOSS 1420 EUROS
RISK/REWARD 10-15!
Etheurlong
ETHEUR on the verge of its last upside within ascending wedgeHello traders,
We're again near the latest ATH, as BTCUSD and ETHUSD. In the case of ETHEUR, the psychological resistance would be 1600 EUR.
As described on previous analysis, the flat top triangle (blue) which goes from mid January to early February would signal that prices would go up to 1613 EUR. However, a really disturbing ascending wedge (red polyline) has been forming immediately after the flat top triangle was completed. As can be noticed, we're at the last stage of this wedge, so keep your stop-loss thresholds tight.
Now the question would be this: will this wedge be completed when reaching 1600 EUR? Will the upside halt when reaching its previous ATH? Will a new ATH be set between the previous and 1613 EUR?
To answer this questions, I've came up with this hypothesis: Considering that the top of the flat top triangle would be a major support (that is, the zone between 1183 to 1210 EUR) and that the height of the ascending wedge signals the theoretical pullback after the pattern is completed, I decided to project the height of the wedge from the top of the triangle. The result is the hypothetical resistance level of the current uptrend, which would be located on the previous ATH (1548 EUR) or a little bit higher (1572 EUR).
Though the height of the flat top triangle signals that prices could go up to 1613 EUR, what happens between 1548 EUR, 1572 EUR, and 1613 EUR for now is a complete mystery for me.
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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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 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 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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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.
[ETH] - So far, not bad.I was about to publish my ETH idea the other day (red line) although I regretted it and decided to wait to see how the price development happened. Today three days later we can verify that the price, more or less, remains stable within the ascending channel drawn.
What to expect next? Buff, so weekend is ahead and we are also giving way to the last week of April, with a lot of relevant dates in the economic calendar, apart from the fact that not very optimistic data regarding transport or employment in global terms are also accumulating, which we will soon see its effects on the price of ETH and all crypto in general.
Perhaps another new correction for speculation and fear of what this new system brings us and the human need to continue treating fiat money with the zero importance that it has. If not another new wave of adoption will come soon, in a reasonable interval of time of 2 years, apparently there is still a way to go in the development of the system but it is already latent and at these prices we must take advantage.
This idea revolves around the ascending channel, a drawing that in this 4-hour view is not appreciated, although in a larger one it has a steeper inclination. Just an idea, thanks!
ETH ready to breakout? Bulls are readySo, let's see how we can play with our little position of early June.
Entered at 215e.
Targets:
- TP1 at 260e
- TP2 at 285e
- TP3 at 300e
Volume is low lately, but I really don't think we have seen the ethereum dragon wake up yet.
Stoch RSI in daily is overbought indeed, however take a look at the exact same situation one month ago. We had two little pumps in this area (80-100) before a big red candle when we hit the resistance (upper part of the arising chanel, in red). Same happened at the end of February 2019.
To conclude: given the current volume in ETH, I don't think that we will break the arising chanel by the top soon.More likely than a direct explosion of the resistance (red area), we might grind it in the coming weeks, little pumps by pumps.
Are we bottomed yet? Don´t think so But. But... EURWell we need to noticed the volume on COINBASE:ETHEUR since 14th november.
So personally as a newbie i think we didn't found the bottom yet regards how markets works. Well but my thoughts are that big short need a better price to reload so lets restore the people confidence to load shorts at higher price.
It's important to notice that the herd (myself included) need to believe in a long bull run put savings and move funds so the market can turn..
For now that are my COINBASE:ETHEUR targets..
So never forget DYOD... Peace..
OwlTraders always awake on the markets movements.
Are we bottomed yet? Don´t think so But. But... EURWell we need to noticed the volume on COINBASE:ETHEUR since 14th november.
So personally as a newbie i think we didn't found the bottom yet regards how markets works. Well but my thoughts are that big short need a better price to reload so lets restore the people confidence to load shorts at higher price.
It's important to notice that the herd (myself included) need to believe in a long bull run put savings and move funds so the market can turn..
For now that are my COINBASE:ETHEUR targets..
So never forget DYOD... Peace..
OwlTraders always awake on the markets movements.
Are we bottomed yet? Don´t think so But. But... EURWell we need to noticed the volume on COINBASE:ETHEUR since 14th november.
So personally as a newbie i think we didn't found the bottom yet regards how markets works. Well but my thoughts are that big short need a better price to reload so lets restore the people confidence to load shorts at higher price.
It's important to notice that the herd (myself included) need to believe in a long bull run put savings and move funds so the market can turn..
For now that are my COINBASE:ETHEUR targets..
So never forget DYOD... Peace..
OwlTraders always awake on the markets movements.
ETH EUR Daily and Hourly pattern - last moves before BULL RUN!!!Some pump broke the initial fractal but it seems the direction is still the same :-)
So I'd go long from ETH value now @ 370€ to 402€, and then go short to 330€; then finally go long as the bull run we all are waiting for should occur! Until what value do you think the first bull run impulse could go? (don't answer *the moon* please! :-D)
ETH Long - 4 weeks4 week view on ETH - Euro price.
Two great entry spots:
1.490-500e
2.440-460e .
Why bullish?
Finished a huge correction from the January high to the April low.
Since the April low, we have seen Wave A bull run then Wave B complex pullback
Distribution from this retracement finished on the lows of 430e
We have started to print Higher Highs & Higher lows once again
MACD just crossed up
Risks?
Volume is below Moving Average
20,50,100,200 EMA all acting as resistance currently
Resistance is currently 540e
We need a daily candle close above 530 to take out 20,50,200 EMA and turn them into support
Forecast?
1.Expecting one more retest of the 50% retracement
2.Saving some fiat in case we re-visit 61.8% retracement
3. Target 650e+ by end of June
4. Sell half of position at 600e
This is not financial advice. Just personal opinion.