Well we need to noticed the volume on COINBASE:ETHEUR since 14th november. So personally as a newbie i think we didn't found the bottom yet regards how markets works. Well but my thoughts are that big short need a better price to reload so lets restore the people confidence to load shorts at higher price. It's important to notice that the herd (myself...
Well we need to noticed the volume on COINBASE:ETHEUR since 14th november. So personally as a newbie i think we didn't found the bottom yet regards how markets works. Well but my thoughts are that big short need a better price to reload so lets restore the people confidence to load shorts at higher price. It's important to notice that the herd (myself included)...
I didn't see that one coming! I thought it would have been the last moves before the last dump, but it seems another cycle is taking place. Previous moves from BTC chart also tends to confirm we're heading to a strong correction before the moment we're waiting for... ;-)
Here is an updated version of my daily chart; it won't take long before the dump!
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...?
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 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 ?
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...
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...
ETH/EUR is extending downside for 3rd consecutive session, trades 5.09% lower on the day. Upside in the pair remains capped below 5-DMA which is immediate resistance at 859. Downside in the pair is currently holding support at 38.2% Fib retrace of 115 to 1183 rally at 775. Break below 38.2% Fib support is likely to see further weakness. Scope then for test of 670...