Lets take a look at ETH from longer term weekly perspective . In previous bull cycle ETH consolidated in triangle pattern and weekly MA21 served as support line. When ETH started downfall, MA21 acted as main resistance zone.
Now we are in similar situation. Price broke MA21 in a bull run and felt back to it again acting as support now. Will the price go up or...
Last idea was about going short ETH. Now we've pretty much reached our target and I remembered this channel that I've used when I was fishing for a bottom in ETH. I actually bought eth then at around 70 euros. But I sold quickly since I didn't believe the bounce as most us here didn't. And watched the price run away. Well now we've got an entry at same exact spot...
Ether could be consolidating between 200 and 211 euros before making a clean break upwards. Possibly a good time to take small longs now :-)
Again, this ain't financial advice, but simply educated gambling and socially accepted gambling :-) Trade at your own risk.
I guess we are ending a wave 2 and as the market didn't give a true place to the altcoins, it is quite possible that the growth will come. The funny part is the fact that, considering the parabola approach, we should see the highest potential around christmas again ...
Let me know your thoughts.
The Fibonacci Retracements are from the 2018 dump in July, 2018.
After capturing the 38% retracements Support, it consolidated for a while, and then sprung to above 300 euros. However, that was also aided by the BTC parabola. Now, it is consolidating just below the 50% retracement after the dump the past Wednesday. Extracting the bullish fractal from the 38%...
In recent analysis, Ethereum Track is 100% clear. Twice time successful. Once again price pumping to 320 EURO. Because DEXA is doing their project.
Global Money Transfer & Instant Messaging APP
A revolutionary APP that will simplify the way we send and receive money around the globe, and at the same time allow people to communicate with each other...
This is my current position in Ethereum. Could take time to reach there, and will depend on the daily close today. If it closes above 270 euros, the target could be achieved.
PS: My S/R boxes are broader to allow to show where I would flip
Ethereum is following it's downtrend channel very well. And this weekly reversal candle closed below the downtrend median line exactly.
So this is a good opportunity for a nice short trade. The odds of a reversal after a test of the median line are very good.
For confirmation this weeks candle should close below median line as well.
Hi Guys, ETH/EUR Broke out after it completed its 5th wave up in the last impulse,
I expect we are due for a bigger correction before we can continue the upside, looking to revisit the bigger trendline first
ETH now looks prime and operational for a real breakout around 300e and above!
However, keep in mind that there is an heavy resistance area around 285e, so I'd recommend to take some profits here and keep a moon bag for later.
IMHO we got here an ascending triangle that should lead us in high grounds. Volume is still low because of BTC dominance, but as soon as...
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...
ETH is not yet at a good entry point IMO.
In daily, the Stoch RSI is very very low indeed (around 10), but not in 4H neither in 1H. There, we are completly overbought: 100 & 80. In 1h we break down the 80 soon.
Also, you can take a look at the magic indicator at the bottom: it's only going down.
Finally we have touched the resistances of the arising chanel...