ETH - Until 1'000 EURHi Guys, forced to republish this Idea because the first one (here below) was closed by the moderator because i added Bitcoin addresses in the description :(.
Initial Description the 4th January:
After my idea named "ETH - Until End of Year" (see Related Ideas section) were the target 745 EUR was reached, and as promised after it closure, here is the new idea for the ETHEUR pair.
I kept in gray the old ideas in the chart just for historical purpose.
As you can see we broken out the resistance at 770 EUR. That confirmed the new Fibonacci Retracement i did, that should conduct the ETH until the 1'000 EUR. We can also expect a little correction/consolidation at 0.618 and 0.786 Fib levels before reaching this target.
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Sorry for inconvenience.
Good Luck guys !
ETHEUR trade ideas
ETHEUR uptrendI expect it to continue the violet trend line and that the RSI will stay close to it.
815 seems to be a new support from my view and I expect it to go to 900 - 920 before it will rest again.
If it breaks my violet line, I would go out latest when it goes beyond 755 as this was an old resistance line.
On the long term I expect it to grow but for a swing trade when it break the 860 line I expect it to get a new resistance at 900 to 920.
Disclaimer: I'm only learning to read the charts again as last time trading was with stocks around 10 years ago where I had some portfolios going way up 400%+ and some other crashing -200%
Now I used my holidays and researched cryptos for the past 2 weeks so take my charts not as advise but if you want to comment I would be happy for any feedback be it negative or positive.
For now I'm only playing with play money so no big bets (<4k) but the crypto space seems interesting and as a developer I'm tempted into writing some helper tools for TA and monitoring as well as trade helper bot (automating sells on set targets as automation is my day job since 10 years ;-)).
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
Are we not looking at an ugly H&S?Now, before anything else: I'm no expert by any means and my experience with models is close to 0. But, while my gut feeling says ETH is going to break through the 630 resistance area and move up, are we not actually looking at an ugly H&S and ETH will drop to the 520 region, back into the 'normal' range (indicated by yellow lines)? In short: shouldn't we sell?
BEWARE of ETH supportlevelsWhen will ETH rise 2 the moon again? We al think it will rise again! but...
Buy ETH when hit lower support levels & watch for reversal patterns in this beartrend. The support levels are a good indication where the market is going when it follows its current trend.
Follow me @tradingview for more analysis for warns & signals for bears... cuz we all fear them!
Smart Money LevelSmart Money Levels follow the flow of SM's as Cryptro's work in a very different way to forex for which they were developed I need to adjust them over time to make them more accurate
they are based around Wyckoff methodology.
We have daily and weekly levels for now as I see it and read the market the flow is very much to the up side.
I hope this sheds a little more light into the levels - it does need a lot more explanation to give you knowledge on how to use them and in time when I have got a much better understanding of the EHTEUR/USD
I will be able to give you the knowledge to use them - as I have just started to use them on Cryptro's my knowledge is limited on the EHT's
Smart Money Levels for ETHEURI use SM Levels for forex and they have been developed over time and can produce excellent results if one learns how to use them, I provide them to a select few forex traders for Free.
I have invested in ETH and need to develop the SM Levels for the ETH this will take a little time as Cryptro's work in the same way, but herd mentality is the same! (no disrespect to traders meant)
If you are interested in using the levels then keep watching my posts as I develop the methodology -