We seem to be in a clear bull rally due to the parallel channels, one inside of the other. Good time to buy for sure even though prices are relatively high. Just bought 3000$
I've been in ETH since March 2017 and have traded it as best possible to my skillset. Only when it touched 325 eur the second peak did i realise it was forming a huge triangle and that its master plan was reveild. I planned for the drop and waited. I set up the first BIG triangle. I closely followed BTC, BTC dropped and withit brought ETH down touching down ...
If ETH does not drop below ~200€, we might get – as others have already suggested – a rising wedge. However, this is heavily dependent on how BTC develops (I put its chart in the background for comparison). I also want to note that the upwards movement would start at the end of October – when China ends its domestic trading.
The ETHBTC chart implies we need to wait until July 27-29th at least, but the fiat chart shows time can be a bit shorter for the start of the rally. There's still a chance to go lower during this time, so, I won't take action until it is clear we hold here for longer. I like how sentiment is quite negative on $ETH lately, and how people are scared about risks in ...
What you are looking at here is an interesting ratio. First part is the ETHUSD/ETHEUR ratio, as given by Kraken. This simply gives the EURUSD ratio in terms of ETH. Theoretically, this should be the exact EURUSD as given by forex, but it sometimes isn't. So if we look at the (ETHUSD/ETHEUR) ratio and compare it to the real EURUSD ratio, it looks like this: ...
