Traders, Here we have ETHUSD on the 1D chart. All we need for this bearish moves to break the 500$ with high potential and green legs. Chart pattern that we talked about at the last idea of ETH lead us to touch the 400$ and then recovered, so we have a critical point now need to be broken to see the clear vision. Regards, Mohsen
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...
ETH logically moved up during the last hours while stayed within the descending wedge Since May ETH used to drop each time it gets close to the upper part of the descending wedge which is now more or less the equivalent of the EMA 10day Same behavior when the RSI comes close the the line you can see on the graph. ETH drops again when the above mentioned...
From the yesterday chart it could be possible to drop till cca 3:00-3:30 (UTC+2, Berlin) cca 2.5-3% To be more accurate: drop to around 395 € of eth
Here is an updated version of my daily chart; it won't take long before the dump!
I'm long on eth (vs EUR but is the same vs USD) -Horizontal and trend line support on weekly -0.786 fib -RSI at support and bull divergence -target 570 (oriz and trend resist, 0.382 fib) for 44% profit -tight sl around 350 for great RR (6)
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.
A quick study composed to illustrate the multiple levels of divergence Ethereum has had since November of last year. Based on this study, short term trend changes typically took place at the second level of divergence on the Relative Momentum Range Indicator . The only other acceptation for this, was the reversal from the top this last January. At that time, was...
Deal for next 4 days First target : 760 2 -> 780
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)
4 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 &...
A more detailed view of the fractal wih intermediate zones spotted, dump is still valid
Intermediate rising wedges still keep forming in minutes and the result is a continuous dump. ETH will continue to go deep in the abyss and hitting 370€ and maybe 325€. Soon, the question will be who is giving the trend? ETH or BTC...?
Should this rising wedge complete successfully we might see another drop in next day or two. However, level around 400€ is pretty stable support so it probably won't fall through so easily. Nice day and careful trading, Jure
It finally came! but until where !? I think around 370/350€ for a first rebound and maybe deeper as it'll still stay in the main bullish channel... What do you think?
The target for this descending triangle has been reached. However, I believe the monday morning will bring the resolution to this uncertain situation in ETHEUR.
About the last fractal, according to the latest KRAKEN:ETHEUR reactions, I think I did a confusion between the yellow "2" and "4" with the double bottom of the "2"; so I replaced yellow numbers in this new configuration and hope this time it's good! :-)
The fractal includes a double bottom, a pump, and then a big dump. You'll notice that 2 fractals will be on the "6" at the same time, so the support could actually break, and another dump could occur.