ETHEUR got to a level of possible correction - 4h chart RSI overbought, for a long time since last bull run in 2017. Expect correction to get in for a wave attacking 0,236 Fib levels of long term bearish trend and 550 EUR price range. Correction to go at 370-390 price interval.
ETH/EUR rejected at session highs at 352.34, slips lower to currently trade at 331 levels. The pair has broken above 5-DMA which is now immediate support at 316 levels. Upside finds stiff resistance at 20-DMA at 354, breakout could see further upside. Technical indicators are turning slightly bullish. We see scope for test of 55-EMA at 485 levels. Stochs have...
Before you read any further I want to state the current market state is extremely BEARISH . There is absolutely no sign of reversal yet, so buying on the support levels I have shown is extremely dangerous. Please do your own due diligence and wait for clear signs of reversal. This analysis is entirely based on fractals, fibonacci retracements, and price ratios....
Looks like ETH is picking up some bullish momentum as i expected. We have several signs that we have a buy oppertunity here. One key sign is the double bottom formation, on top of that we're very close to completing a inverse head and shoulders pattern, all of this is happening inside a ascending triangle - so the bullish signs are definitly there. The fact...
Traders, Here we have ETHUSD 4H Chart. A perfect example about Gann's method, so let's know more about Gann's way to trade. History, has some uncomfortable but exciting things to say about predicting market movements. He said, "TIME is the most important factor in determining market movements and by studying the past records of the averages or individual...
Before you read any further I want to state the current market state is extremely BEARISH. There is absolutely no sign of reversal yet, so buying on the support levels I have shown is extremely dangerous. I have lost nearly my entire account attempting to catch the bottom on this tumble down. So please do your own due diligence and wait for clear signs of ...
From here we are near to a big support area. Start to buy from these area and make some good profits.... These TA´s is only for education, not an advice to buy.
Support around 330-340 euros. Expecting Eth to go around that, at least 360 and then bouncing up to have a bull run At the moment, a possible descending triangle corrective wave is going on. Watch for point D, if resistance doesn't break, expect downtrend to E and then eth becoming bullish again.
Hello Everyone, This will be my chart to follow until this correction is done. It's a crazy map of resistances and supports, fib retracements and trendlines. Right now it seems like the volume is not particularly strong, however we are still have more pressure on the downside. We are resting the current bearish Candle on a support line, and by the looks of it we...
Price action rages in 'Symmetric Triangle' pattern and we see scope for test of 'Triangle Base' and 78.2% Fib at 382 levels. Breach at 'Triangle Base' could see further downside. Scope then for test of 88.6% Fib at 282 levels. On the flipside, breakout above 5-DMA could see test of 20-DMA at 494. Breakout at 20-DMA invalidates bearish bias. Support levels - 382...
Here are my thoughts on ETH for 2018. There is an ongoing linear growth since 2017. The linear growth was left 3 times but then returned back to linear support forming a flag pattern. After the flag we had a huge breakout to a new all time high. So right now we might be in the beginning of another flag-pattern wich ends at the end of 2019 where another huge...
Looks like a breakout is likely to happen around mid april/early may. This can go both ways but i have my reasons to be still be bullish despite the current price action. Right now we are moving down in a wedge. This is likely to break to the upside when reaching the lower end, we might hit the closest resistance point and consolidate/slowly move down...
In the last days we had ETHEREUM touch the linear support formed by 2017 developement. Though I was hoping we might be through with the bears ETH didn't get the momentum yet it needs to reverse the trend. What we see now is another head and shoulders pattern wich takes some time but then I think we're going to see another drop. Don't be fooled and invest now. Wait...
Either breakout fails, and we don't reach the potential of the flag and we will correct further. If we rally up to the full potential, and drop, we could be printing a inverse H&S that will continue the rally. I keep my stop loss is at the bottom of the flag.
Looks like we could reach around 505€ with this flag, however I would still be cautious. If we can break above 460€ key resistance (top of the flag) i see the rally up to 505€ materializing. Good luck
Disclaimer- This is how I see the market and how I trade. I do not give out any trading advice. You are the only responsible person for your trading. After a false breakout of a SHS pattern the Triangle breakout came true (SHS not drawn). We also have a completed bullish Bat pattern, and are now at a support structure. Another Bearish Bat pattern in the making....
Hello everyone! I guess most of you have seen this pattern, the very large Head and Shoulders (continuation/bearish) pattern. It's a beast that has a target of below 100€. However, I'm almost certain that it won't break down to those levels (but who knows) my bet is however that it won't. My idea right now is now to keep my eyes on a few price levels for...