ETHEUR Might break patternSeems to me that the bulls and bears are having a massive fight. The orders books buys/sells show massive orders between 890 and 894
ETHEUR trade ideas
SRSI points to progressive riseETH has gained stability and momentum, only volume remains lacking for it to rise to new ATH. Patience.
Trade at your own risk.
ETH compared to BTC in NovemberI've been looking at the BTC 'bubble' in early november and it looks similair to ETH currently. If the same pattern continues, the above idea might become reality. Meaning there's a fair increase in value to be expected.
ETHEUR Back to 61.8 fibExpect etheur to go back to 61.8 fib after 5th elliot.
1 hour chart is overbought on bollinger bands, and is moving inside the ichimoku cloud.
I sold my eth @1100, and will await the trends. Likely to hit between 800 and 900, so for me that is the new entry point if a bounce is seen. If not fib 50 might be the next target.
I've linked to MarcPMarkets analysis, as that is really good on ETHUSD.
This is only for my own notes, and is not recommended trading advice.
ETH/EUR Uber BullishETH/EUR(COINBASE) is going out of a falling wedge and heading towards 1000 euros again.
ETH/EUR correction levelI believe ETH will keep correcting itself until the price falls within the two curves. My predictions is as of monday the extreme volatility will start The growth in price was a result of people entering the market after all the bullish news, looking to win easy money. There is a strong correlation between the more newspapers started publishing the uptrend of cryptocurrencies, the more it kept growing. As the correction will continue more and more of that kind of people will move out of the market after the losses they made by buying at way too high prices. The market will start recovering slowly once ETH will enter the first trendline and will keep fluctuating between the two lines. After some months I see amateur speculators coming back but not for the coming 3-5 months. This is my first chart. Let me know what you think of it.
Levels On A Weekly BasisUsing SM Levels on their own my prove difficult as you will not know the methodology I use. But using the cloud may help you!
ETH checks 660 support before going off againI am pretty sure we see price moves similar to the ones around christmas.
ETH should check the support at around 660 like it did after the big gains in december.
Buy at about 660 and wait for new all time high.
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All trades on your own risk.
Falling wedge? Let's check the strength of the next support Falling wedge? Let's check the strength of the next support
ETH - EUR Limit Orders Set-UpI think the sentiment is pretty bullish with Casper arriving this year and ETH being the plattform for 80% of all Tokens.
Nevertheless the bullrun seems exhausted showing almost a double-top. declining volume and a bearish divergence.
I´ll set my limit-orders in the blue box to reload for the next run.
How to play ETH TONIGHTSCENARIO 1 I'M LONG
Eth breaks €1075 line of resistance
BUY = IF eth breaks €1075
TARGET 1 = Previous day line of resistance €1090
If ETH Bounces off line of resistance and doesn't penetrate sell at the next 5minute candle low
If ETH breaks line of support next target is previous day high of €1109
SCENARIO 2 BTFD! Catch the falling Knife
Eth fails to break €1075 line of resistance
SET BUY LIMIT for 23.6% FIB ZONE (€930) = If eth fails to break €1075
SCENARIO 3
Market Indecision - SIDEWAYS movement = NO TRADE
Let the market decide whether you're a buyer or a seller - Patience you must have
ETHEURThis may be a little bit hectic for ETH fans, but regarding the chart I'd expect some sort of correction. I'll look closely at RSI and MACD - if they will turn south, I'll buy some at marked levels - small amount around 880 and a little bit larger around 750. And then we'll see how to move on :)
If it will continue to rise ... well, let it be, we'll find other pairs for gains.
Correction wave incomingApplying the Elliot Wave tells us that the price will go a bit lower (event to 1k) before it bounces on the support line that has formed
Eth boat starting to lose momentumAfter the last dip on the 10th, ETH tried to rally back to new ATH as usual, however this attempt was short lived and it went for a second dip shortly after plateauing. Volume is reversing and indicators are now bearish and confirmed. Next few hours will be interesting as it will probably test its MA50. After such a run, it could very well be the start of long due correction.
Short ETHIt looks like a good opportunity to short ETH.
RSI is above 75.
And MACD Trending down on the 4h chart.
Correction wave almost overAt this point the price may continue to fall to complete the last correction wave or it will start to go up.
ETH bulltrend median & Fib levelslast night ETH hit the 1.618 Fib level, these patterns explaining where the trend is heading. A lot of opportunities here, watch the Fib extension levels & trade from the trend support to the median.
