Hi, just as simple as I could explain, we are in middle of retracement which has only one purpose, to make retail investors forget about the downtrend and start thinking that bull run resumed.
How I trade this:
- I entered long around 300 EUR
- Will Hold my ETH until 325+, then go full cash and wait for short opportunity.
- I expect few big spikes to lead around...
After 12 months we can now draw a Rounding bottom pattern and, in all likelihood, we can expect it to be close to completion.
Rounding bottoms are found at the end of extended downward trends and signify a reversal in long-term price movements.
So to follow this turnaround pattern could be a good trade.
Best of Luck.
The Ether-price went out of the triangle mentioned in my previous post, down to about 270€ shortly, as suggested.
Now the question is if that was a retracement in the up-wards trend or if this is one in the down-trend. If the price makes a clear crossover of the fib. -0.5 level (at 301-302€), the upwards trend might still be alive. If not it still loks like short...
Bonjour à tous,
Video en Francais où je partage ma vision long terme et court terme de l'$ETH.
Haussier sur le long terme, il fera être cependant attentif à un possible repli vers la zone de sortie haussière du mois d'Aout.
Bon visionnage !
Petit coupage du son rapide à la fin...
Trade Safe , Stay Safe,
A ETHEUR longterm weekly macd-evaluation seems to give a fairly indicative picture. After the MACD of this timeframe shifts towards lower levels the price does not fail to continue a significant set-back.
Aproximate numbers, measured from the highest price before the arrow, to the lowest on the slope (errors may occure):
Jul -17; 234€ (68%),
Aug -17; 165 (50%),...
A followup on my previous post, with a larger picture.
It seems that the .236 level might be holding, meaning the down-trend will soon continiue.
If not, the next fib.- levels are at 319 € and 336, the last one i consider to be downtrend-breaker-indicator.
We also see that the .5 level (336) resisted on the 17th, indicating that it was not possible to turn the...
Expecting a bigger move to start soon, antime within the 5 next days.
An idea about a short/medium-term targets would be:
-If up, around 380 € derived from bollinger bands with base 50, on daily chart, and previous highs.
-If down, my idea is around 270€ or 200€, based on earlier levels.
As all know, theese are just shared thoughts, not predictions...
Weekly chart, bitfinex. Another observation: These two trend-lines starts at the close of the lowest bar on the downhill-slope and stops at the close of the first bar after the ultimate high of the last two longer bull-runs. Well, -Ultimate high of one of them at least. The second remains to see, because, after all, coincidences float around like jellyfish.
Ethereum hase broke out yesterday and i longed it. This morning i closed my trade and waiting atm for another outbreak. I closed my trade bc rsi is showing a nice divergence to the actually price.
So stay safe :)
We are back now in a range. Times will say if it's accumulation of a distribution one.
Well, the second trendline of Chuvashov model will tell us in fact...
If we are getting over it, I think we can have this kind of scenario showed in the graph.
Otherwise, we will test lower zones. We have also an original impulse starting point between 215€ and...