Etheur . We are still inside the bullish channel Long

Ethereum / EuroKraken

Description

⋅ May 23, 2018 9:54 AM

I would say we did not bottom yet( that probably could be supported by low volume) . In my opinion we should touch the trend line before going up again. However, the breakage of the trend line will indicate about the beginning of the downtrend.

P.S. While we are inside of the channel, I'm 100% bullish .

Im still newbie so any critiques are welcome, especially if it is supported not only by imagination :)

Thanks

Trend Analysis ETHEUR

Comments

karamazov06

⋅ Jun 1, 2018 2:28 PM

Hi, I think the same about the main trend:

About the bottom, I'd say around 470€ instead of 230€; by the way, the scale you've chosen make the chart really clear!

LenaKorolova

⋅ Jun 1, 2018 3:28 PM

@karamazov06, Hi. Yeah, thanks, I think the log scale is the best option when you need to detect the trend or to see the "whole picture".

You are right, I don't think we gonna touch 230, but 300 - 400 is still real for me ( at least I hope for that)

karamazov06

⋅ Jun 3, 2018 8:07 AM

@LenaKorolova, my last chart was in hourly, here one in daily according our views:

karamazov06

⋅ Jun 4, 2018 2:50 PM

@LenaKorolova, Here is an update in which I try to be more precise about the shape and about the timing... it's quite hard! :-D

LenaKorolova

⋅ Jun 4, 2018 3:23 PM

@karamazov06, Hi,

Yes, you're right, it is hard, especially when the price depends on bitcoin and its action. The only way is to check from time to time, to adjust the chart and to look for the reversal signals, such as volume increase, hidden divergence, news and so on.

karamazov06

⋅ Jun 6, 2018 8:44 AM

Here is an update according the recent movements; I was able to spot the main fractal :