I hope you are doing great!
A trade we have also shared on the V.I.P group 9 days ago is starting to follow our prediction.
Of course we are long term holders of the Ethereum coin but because of this pattern forming and the lagging character of the Ethereum in comparison with Bitcoin we took place in this more short term trade.
the previous resistance at 1200 become a resistance and have held in the last few days, if not broken it will fuel the upward trend of ETH, if broken, that I believe an unlikely scenario, we could see a steep decline to the next support around 800.
We're again near the latest ATH, as BTCUSD and ETHUSD. In the case of ETHEUR, the psychological resistance would be 1600 EUR.
As described on previous analysis, the flat top triangle (blue) which goes from mid January to early February would signal that prices would go up to 1613 EUR. However, a really disturbing ascending wedge (red polyline) has...
After a brief correction, ETHEUR is back on its ascending rally. Right now chart is forming a flat top triangle (blue outline triangle). As can be noticed, its height signals the price range, which is around 1500 EUR (thus, it will test again that price). Momentum, MACD histogram and KDJ in the 2h timeframe are below underbought levels, so even if...
The bullish trend isn't over yet, so unless you're an intraday trader, don't panic.
The latest ATH at 1510 EUR signals the exhaustion of the flat top triangle (B, orange) formed between January 19th and February 2nd. However, one must consider that some traders would picture a larger flat top triangle (A, blue) formed between January 10th to...
After an agressive correction, ETHEUR is back on its (bullish) track. Right now it is forming a little flat top triangle noticeable on the 5 minutes timeframe. As the price range taken from the base to the top of the triangle shows, we can expect prices to reach at least 1462 EUR, and a new ATH between the previous 1470 EUR and 1500 EUR. Don't...
Buying this dip carefully now, at support and stop loss at 1,450$
Will revert tonight with a video on the CME kicking in tomorrow and how I will plan my big short.. this one today is a most likely a normal 10% dip and rebound we saw before.
I am terribly sorry but i keep repeating myself here:
Ethereum will keep on rising until Feb 8th
We remained BULLISH while many were trying to go short (some of you made fun of me came on chat playing smart-asses, now you disappeared, I MISS YOU!)
Well, we knew it and it's happening , ATHs were expected and we stopped counting them.
At the same...
In the last few hours ETHEUR has been forming a flat top triangle, being its resistance its most recent ATH around 1394 - 1410 EUR. The height of this triangle coincides with the height of part of the larger one formed between January 19 and February 2. As shown, prices are expected to mark a new ATH around 1510 - 1531 EUR.
Flat top triangle is reaching its last stage, and we all expect it to burst upon its resistance on 1210 EUR. Here are some pricing scenarios for the next days:
01. On short term, prices will rise up to 1263 - 1278 EUR, based on a inverted head and shoulders which can be identified between January 25 and 29, 2h timeframe.
02. From there, price will...
Considering that the main pattern, namely the flat top triangle, is being put into question after weird recent price movements, I've notices that, due to the symmetry of highs and lows, we might be in presence of a reversal pattern dubbed 'inverted head and shoulders'. Notice that volume decreases on each correction and increases progressively on each new high
A flat top triangle (polyline) forming since January 19 is on its last stage, presenting a potential uprise of about 28% (1522 EUR as target). In a shorter timespan, a symmetrical triangle forming since January 29 could pull prices up to 1240 EUR. Momentum, MACD histogram and KDJ are quite low and rising right now, so I don't expect prices to go lower than 1083 EUR.
I was about to publish my ETH idea the other day (red line) although I regretted it and decided to wait to see how the price development happened. Today three days later we can verify that the price, more or less, remains stable within the ascending channel drawn.
What to expect next? Buff, so weekend is ahead and we are also giving way to the last week of April,...
I took a buy on ETHEUR (ethereum vs EUR) today and in this video I explain my logic behind the trade.
I missed to go over my exit... been busy recording other videos all day so sorry about that!
My exit is at 193.8
So, let's see how we can play with our little position of early June.
Entered at 215e.
- TP1 at 260e
- TP2 at 285e
- TP3 at 300e
Volume is low lately, but I really don't think we have seen the ethereum dragon wake up yet.
Stoch RSI in daily is overbought indeed, however take a look at the exact same situation one month ago. We had two little pumps in...