I'm not seeing the breakout yet in the immediate future. We may make another move down before attempting a breakout. Volume always falters as we approach trendline....
The support at 487€ won't be hard to break and it'll go down faster than I previously thought. I don't see any support until 367€, what do you think ?
This idea tends to confirm itsefl: Here is a more "precise" ideas of how I see the coming dump before the big bull run. What do you think about it? How do you estimate the time in your own charts ?
We're at the end of this daily pattern; ETH should turn back to 450 - 470 EUR and the bounce to finally go to the moon!
The 0.618 Fibonacci retracement has worked before for ETHEUR and will likely work again. All is dependent on what BTCUSD actually does since ethereum (ether) these days seems more has btcusd 3x, rather than an independent project.
Eth chart shows us a uptrend probability
By the looks of it an upward wedge has been formed with momentum building as per the oscillators for a bearish move today. I would say that this move is fairly probable and at the least we should see some more red for today. Last night/early this morning we saw some tremendous downward movement from with ETH that outpaced the fall of most other alts. Eth seems...
ETH/EUR finds strong support at daily cloud base at 442 levels. The pair has edged higher from session lows at 442 to currently trade at 461 levels. Technical indicators are highly bearish. We see scope for further weakness on break below cloud. Momentum studies are highly bearish. We see -ve DMI dominance and ADX is above 25 and rising supporting the trend...
Refer to chart. All I have to say this is a high probability event.
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,...
Whats up people! In my previous chart i was short on ETH for a while. I didn't really make a any super great profits though because the price movments was really tricky. I actually thought we were going down way more, but I realized that we have some bullish action going here. It's a hard struggle for the bulls and personally I'm waiting for ETH to prove...
Possible wave count, large wave 1&2 complete about to start wave 3. Targets as noted on. Chart
So after what I saw in the BTC charts, was wondering if Ether could provide me some room to increase the long position or take some profits. Boy, is it delivering! I saw the daily candle closing in what was looked like a bull trap, smelled like a bull trap and is certainly tasting like a bull trap. Shorted the 660€ price and will now go to sleep with a comfy...
Heads up: I bought at my target level of 600€ (watch previous post) so biased analysis here. I think there's enough hidden bullish divergences to consider a retest of highs, bears haven't manage to sink the prices and Stochastic RSI and RSI are both ready for new highs. I'm guessing we will paint a weekly doji candle... HODL my bear and watch it develop! I've...
We are at the moment in the 5th wave of wave 3 of a larger degree. Stop Loss @ 590 Euros. We are going to split our targets. Take your first (1/3) Profits @695-700, your second target is 730-740 Euros, and the last target is @815 (2,618 Fib level and we have a confluence zone forming with the top of the channel, but we need an extended fifth wave for that...
Pull back to 770. If we break next support 730
ETH/EUR tests 110-EMA at 514 levels, decisive break above could see further upside. The pair is trading with a bullish momentum and decisive close above 110-EMA could see extension of gains. RSI shows strength at 69 levels with room to run further. The pair also finds stiff resistance at 200-DMA at 520. Next major resistance above 200-DMA lies at daily cloud at...
Up Trend after consolidation time Good news Very good possibilities of rewards Take profit at the next resistance