Up!
Ethereum 1D - 50% fib broken implying more upwardsIndicators:
- SMI is starting to bottom out and moving up. See the yellow circles. This is happening above negative area which is promising.
- Fibonacci line of 50% has been broken from top to local bottom which is suggesting that next we will test the 61% fib at 0.03679 next.
- Also on bigger Fibonacci setup from start of the rally to all time high, we almost touched the 50% fib line but more downwards got rejected with big volume which also implies that we could see higher prices in the following days.
Story:
Ok, seems like eth just doesn't want to come down at all. But who am I to blame it when day after day positive news keep dribbling in a slow but steady pace and more and more people get to know this very promising new tech. I've yet to grasp the fully potential myself here and I'm enthuastic if I may say so. Next I'm going to look up on the very promising DAO's coming from Maker and Slock.it, I suggest everyone else interested in investing will look these up also. Maybe we can have a chat later!
We also have Vitalik doing a talk hosted by Coinbase later today and I expect Vitalik to nail it as usual. Considering the influence Coinbase has, this could be very big news coming our way. This also makes me question if bitcoin has any benefits of so called network effect when it's so easy for service providers to switch to Ethereum.
Good luck and remember to not trade with more than you can afford to lose!
EUR/USD POTENTIAL LONGSAs predicted we came down from ECB news down to 1.108-1.1100, down to the key trend line. EURUSD is now rejecting this trend line + 200 EMA + 50% Fib. Swing traders should look for tomorrow's news FOMC for a break past the 61.% Fibo and a break of the downtrend line shown. NEEDS TO BE CONFIRMED FOR LONGS!!!!
EURUSD possible buy opportunityEurusd is currently retesting 1.1080 area which is a level that has been respected few times in the past. Recently broken, now is a support. I believe this pair could be forming a bull flag to move higher. Its a low risk trade at the moment. Hope the analysis is clear.
USDJPY HEADING BACK UPJPY announced a -0.1% interest rate on January 28th and popped over 200 pips. Since then the market has calmed itself down and retraced back down a little. Now USDJPY reaches a crucial level of 61.8% retracement level. With heavy oversold RSI, overall bullish market, and bullish trendline protecting the pair, I think it is safe to that USDJPY is going to reach higher highs.