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Etheurlong

ETH/EUR long setupETH/EUR tests 110-EMA at 514 levels, decisive break above could see further upside. The pair is trading with a bullish momentum and decisive close above 110-EMA could see extension of gains. RSI shows strength at 69 levels with room to run further. The pair also finds stiff resistance at 200-DMA at 520. Next major resistance above 200-DMA lies at daily cloud at 575 ahead of 38.2% Fib at 621. On the downside, we see immediate support at 5-DMA at 496. Bullish invalidation likely below 55-EMA at 467 levels. Support levels - 496 (5-DMA), 467 (55-EMA), 429 (21-EMA) Resistance levels - 575 (cloud base), 600, 621 (38.2% Fib) Good to go long on decisive break above 200-DMA, SL: 465, TP: 600/ 620
Long
by FxWirePro
ETH, Whats going on? Squeeze and tease! Bullish beasts exists.----- SCROLL DOWN TO SKIP INTRO ----- Hello Traders, followers, hodlers or simply crypto enthusiasts. Are we expecting the price to shoot to 1200€ soon? I say ; too soon buddy. But! We have some bullish signs. All we need to do first is assess the situation: I have made some pretty good calls here in TW, but always i suggest that you always make up your own mind, if thats something that makes sense to you. ------- END OF INTRO --------- - Price has risen from 292 euro up now all the way to a peak of 436. I would say that if you bought in under 300 or in the low teens, taking profit would have been a good idea in the 420+ range. Besides that, we have to change our outlook further to see what lies ahead. - Keep Eye on the rising support, will it break and make a steep correction down? Or do we get feinted into a little more bull rally traps? My assessment is that a retrace to the 370€ is the least we can expect us. We have to keep eye on the support levels , most importantly 392 - to hold to secure more gains. If 392 breaks we could see a retrace to the origin of the bullish upswing from 370€ - but i doubt there is much strength to it. Therefore i look took to get in around 350-340, or even better around 330-322 My mid long term outlook on ethereum is bullish. I think Ethereum will recover nicely along bitcoin. But not to our expectations, I have modest expectations and we could swiftly get our head chopped down to new lows. Prepare for the best scenario (Or worse, it's 50/50 in the end). Trade with brain not heart. -------- ENTRY/TP RATING ----------- MY PERSONAL ENTRY ZONE RATINGS A+ 322€ A 330€ A- 340€ B+ 350€ B 360€ B- 370€ EXIT/TP ZONEZ A+ 625€ A 574€ A- 540€ B 515€ B+ 497€ B 449€ -------- Key stuff --------------- "Approx. two weeks of consolidation around 300, further declines stopped at 392, bullish activity increased." "The Printings of higher highs and higher lows confirmed" "A break below the support rising trendline can bring another good oppertunity to buy for mid term long set up." "Bullish flag ! , bearish hs inside !....Mixed signals, market showing a bit of weakness, more volatility to be expected" "Break below 397€ indicates decline to the buy zones as probable to medium high" ------IMPORTANT ----- A break below green lower channel indicates temporary uptrend/support holding has come to an end, and we look for more downside in the longer term.-------------- ------------- GOOD LUCK
Long
by ethhunter
16
Long ETH/EUR break above 20-DMAETH/EUR rejected at session highs at 352.34, slips lower to currently trade at 331 levels. The pair has broken above 5-DMA which is now immediate support at 316 levels. Upside finds stiff resistance at 20-DMA at 354, breakout could see further upside. Technical indicators are turning slightly bullish. We see scope for test of 55-EMA at 485 levels. Stochs have rolled over from oversold levels and we see a bullish MACD line crossover on signal line. On the flipside, retrace below 5-DMA could see test of 285 (major trendline). Violation at trendline could see further weakness. Support levels - 316 (5-DMA), 300, 285 (major trendline) Resistance levels - 354 (20-DMA), 400, 485 (55-EMA) Good to go long on decisive break above 20-DMA, SL: 315, TP: 400/ 485
Long
by FxWirePro
Bottom is in? Maybe. Trap? Maybe. Trading it.Looks like ETH is picking up some bullish momentum as i expected. We have several signs that we have a buy oppertunity here. One key sign is the double bottom formation, on top of that we're very close to completing a inverse head and shoulders pattern, all of this is happening inside a ascending triangle - so the bullish signs are definitly there. The fact is however that this market is very unreliable, as many patterns I have seen play out as expected, many of them have not. In my "ultimate ethereum chart" i said that there was a 70% chance that we would rise, and we did. My conservative target has already been met, which was 340~350, the next target would be 360. I'm gonna take a leap here and say that there is a 60% chance that we will continue to rise, with a target close to 390. I entered a long position between 310-325 where i got in at a full position. However I prematurely closed it at 333, which in hindsight was a poor decision, since i highly believed that we could climb, but my hands got weak after we got that agressive push down. I still profited off the trade which is the important part. It's not easy to stay strong when you're trading inside a bear flag, even if the're bullish signs there. So what about the other 40%, yes, we can still make a drop but i see no immediate reason for this right now, but this market is not rational so anything can happen. There is a lot of manipulation and big whales that are playing their games to confuse traders and influence/supress the price. If we are looking at the classic "Wall Street chart", we are currently at the end of capitulation and not at dispair yet. If this bear flag decides to break down, we are in for a deep ride down. The target is somewhere around 200€, but support could step in anywhere between 300 and 200 to stop it from fully reaching it's potential. All in all, the odds are in our favor (bulls), we have held 300 but we have not yet seen any large pressure there, and the volume has been lackluster. However I don't see any reason for us to try this area again immediatly, but the breakdown from the bearish flag could be fast and harsh. I also argue that we are seeing distribution rather than accumulation right now given the trend, some say we're seeing accumulation and that may be the case, but since the volumes are low I'm still not sure about anything. But right now we're riding on some bullish momentum and I will go long with it and set a strict stop loss.
Long
by ethhunter
2
ETH is going to break out soonETH is still struggling to breakout the resistance level on daily chart but it is going to make it soon as we can see that MACD 12 is about to cross 26 and RSI is also showing uptrend. First resistance is at about 755ish area which ETH reached few days ago but couldn't make it and the support level is 660ish. Support is looking strong, it has touched it few time and tried to bounce back. The overall trend is looking bullish and the next resistance level would be around 853 area. Patience is the key here.
Long
by CheetahTrader420
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
Long
by FxWirePro