ETHEUR trade ideas
The Boom was Great! Now What? - Pissible ETHEUR Reversal Road!Hey there,
So, a few days after the Reversal, i've been studying what's the next step on the bullish run. This time i decided to give it a try on ETHEUR, since i found it more clear to see.
If tomorrow morning the candles goes as i suggest, and the next big bang happens as i marked, it will be confirmed the present of Bearish Expanding Triangle Pattern (Lilac Color).
You can check how the ABC are almost the same but in bigger scale. So i measured everything and put it together on every next scale. If it is so, be aware on the downs :P
As usual, this is just an idea, what i see on the charts, on my free time as a hobby. The market is on constantly change, never forget that.
I hope this info could be helpful.
Cheers, and have fun! :)
ETH/EUR Month PatternLooking at the Monthly trend of the market we can clearly identify 4 moments. A 1st moment where the market broke the support around 500 and entered a bearish period tanking to the 390 range before rallying and entering 2nd Moment. In this period support was in the 400-440 range and resistance set around 460 (below 1st moment support). It broke support once more and dropped to 380 and kept on being bearish. The 3rd moment saw a clear bearish channel with both support and resistance in a downward trend (below previous moment), unlike two previous moments. After we entered 4th moment with recent rally we are seeing a support level already above 380 (3rd moment resistance) and a more neutral channel without a defined trend. This moment in the coming days will define if we are witnessing a recovery to levels of 1st moment at least, if it stabilizes and then moves up we may have a break to 500 levels, that will take a few moments to materialize all the way to August. Of course this is crypto so anything is possible.
ETHEUR - Big move is expected!We're on support and on the trendline and also we can find a triangle pattern. If will be the support and trend line broken, the price is on the way down. If we will break the triangle, we can expect big move up! We need to be aware of the down trend.
Good luck, good hunt.
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)
A little bit of hopium on ETHEUR1)
There is a possible iHS in formation on hourly. We would need close above 404€ to confirm it. Predicted target around
450€, give or take some.
2)
On the other hand, daily chart hasn't shown us anything yet. Only brief DEMA18 crossing, nothing more. And the green
volume is always meager than the red one. Drop below 385 could indicate continuation of the leg down.
Successfull trading out there.
ETHEUR: Long term trend analysisThis is an additional chart showing how the current bearish signals align with the potentially longer term bullish trend in Ethereum. I'll be watching closely but not shorting it personally. My goal is to look into buying opportunities at the very bottom of this decline to keep a long term position off exchange, similarly to $BTC. I am short $BTC though, since I keep a % of my crypto capital allocated in trading actively in and out of $BTC, both long and short while the bear market lasts.
Best of luck,
Ivan Labrie.
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.