Just an idea i got from looking at the larger perspective. Just trying to think outside the box here. Almost looks like a decending triangle if you look at the broader picture, which will converge with the long term uptrend when we reach the lower end price. Might be wrong, but just an idea
Looks like the mid terme downtrend on eth is coming to an end, due to the end of the compression triangle. The next Objective for ETH is 1000€ (Between April and May) PS: I'm just a beginner so what i'm doing is not a pro job, this is an basical trend analysis not a deep analysis (Politics, Legislation, Technology, ... are not part of the judgment, just the curv !
Hello and welcome to another ether hunting trip! Unfortunately in my last analysis, I failed to spot the HS forming and I got stopped out at 680 and locked in some profits. I'm currently on the sidelines and reevaluating. So where do we begin? What do we know? - We broke the downtrend channel. - We have failed to sustain the outbreak and now are inside the...
Lately we saw a huge impulsive wave wich is now followed by an ABCDE correction wave. In the upcoming days we are going to see ETH going below the 400€ mark where the correction will stop at something around 350€. Allthough there my be a possibility of an ongoing downward move in the regression channel I strongly suspect that we should return to the healthy linear...
I think it's time to jump back into altcoins or at least $ETH which the chart shows a great buying opportunity, both on ETHBTC and ETHUSD chart. If you take a look at the chart on 4 hour time frame (4h charts works well most of the time in crypto space especially when both RSI and MACD is at a low level). ETHBTC 4h makes me want to switch BTC to ETH, another...
Most likely we will see a bottom somewhere between €480 - 620 (yeah i know its a big range, but hard to estimate atm) and then exit the bearish channel. Best to buy back in in batches and then HODL for some weeks/months.
Hello everyone ! Sorry for the lack of updates, It's been a busy couple of days. Taking a look back at my previous chart we have progressed quite nice, however I must admit that i was surprised about the fast move up to 800, and even more surprisingly was the steep drop to the 740 area (broke my channel). We have since then stabilized in the 760 area which...
Hello everyone :) We keep on hitting the higher highs and lower lows as i expected and everything is following my projections nicely, we got a tough time in the 740-750 area as i said in my last post. It went inside my long position zone twice, since then we have rebounded and we are not pushing the 785-800 area, i expect this battle to go on for a little...
ETHEUR with current momentum is going to reach the next resistance soon. RSI at 1D chart is at 50.87 which is a sign of uptrend. Bears are trying to push the market down but the bulls are more active this weekend keeping the positive trend up. Most probably, within next week, ETH is going to touch the next resistance at 38.2% Fib which is arround 845ish Euro area...
I like to see ETHEUR retrace before i trust the move up.
Hello! Looking at the 1 hour chart we can se that we have contracted the price action inside the larger channel, it's because we have pushed very agressivly all the way up to 764 and met the overbought condition in RSI, which is a incentive for many traders to liquidate some, as I said in my earlier post, getting to 750 will be a breeze, which it has been. The...
Oh, hello there ! ! While we were buying around 500€ the bears have just awoken from their hibernation and suddenly are feeling very bullish now. Yesterday "I will buy at 300€ !!" Today F.O.M.O Ha ha ! So what happens now? I think we will calmy trade inside this channel with ups and downs but we will always progress higher than lower (higher...
Hello ! :) Let's take a look at the 4 hour chart of ETH, There we can see that there's a large pennant in the works, if this breaks out to the upside we could be in for some huge price movements. I have set my stop loss to 670 now as this could just be a fakeout and we are bulls trapped in a slope down right into the bear nest if I am completly wrong. Never...
A failed impulse wave? Bounced from the resistance again, just something to take note of...
First off, this is not a technical analysis, but a overview of the history. So whatever happens in the day to day basis is just a drop in a ocean here. However, one can argue that history is not really a good measure of the future, that said, this is merly a reference what has happened before. I like patterns and analyzing them, from my perspective this is...
Hello Everyone ! Let's take a look at the hourly chart of ETH, From my previous charts i have drawn out the Ascending triangle that caused an outbreak. From there we saw a falling wedge form, from which we broke out of with a decent amount of volume, we have since steadily gained ground in the 685-705 region. Overhead resistance is still large, with every...