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ETHEUR trade ideas

ETHEUR bearish symmetric triangle and flat bottom triangleBad news for those of us who were expecting an immediate rebound. A symmetric triangle (blue triangle) has forming since February 23rd, with base around 1253 EUR and top at 1423 EUR. It's final confirmation would be when rebounding at 1309 - 1314 EUR. Depending on the way you consider its height, the expected drop would be around 1145 EUR. In addition, a flat bottom triangle that has been forming since February 24th would strengthen the idea of a bearish trend. Projecting its height, we're locating prices at the same level as the symmetric triangle. Let us also remember that the previous minimum, located at 1115 EUR, is the result of a previously identified ascending wedge, whose height is also projected on this chart, though pushing prices down to 1105 and 1069 EUR respectively.
Short
by lbrina
Ethereum Bull CycleThis is a once in a lifetime opportunity to do something crazy and keep/increase your wealth. You will not see these prices in the future. This is made to show you that money printing and low value of currencies don't last forever. Crypto is the next big thing and it already started. Too bad people still don't see this. This is also made to show that I'm one of the many who got to buy in at these price levels. Some decisions in life aren't risky if you see the strength and purpose of an item that's there to save your wealth. Don't get rekt by banks, banks will only get worse. Your wealth will only decrease if you stick to fiat that keeps lowerings it's value. I'm very dissapointed in all the people who do not see this but after a year or two, I will show them this and say, I told you so.
Long
by jarnestaal9
ETHEUR on the verge of its last upside within ascending wedgeHello traders, 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 been forming immediately after the flat top triangle was completed. As can be noticed, we're at the last stage of this wedge, so keep your stop-loss thresholds tight. Now the question would be this: will this wedge be completed when reaching 1600 EUR? Will the upside halt when reaching its previous ATH? Will a new ATH be set between the previous and 1613 EUR? To answer this questions, I've came up with this hypothesis: Considering that the top of the flat top triangle would be a major support (that is, the zone between 1183 to 1210 EUR) and that the height of the ascending wedge signals the theoretical pullback after the pattern is completed, I decided to project the height of the wedge from the top of the triangle. The result is the hypothetical resistance level of the current uptrend, which would be located on the previous ATH (1548 EUR) or a little bit higher (1572 EUR). Though the height of the flat top triangle signals that prices could go up to 1613 EUR, what happens between 1548 EUR, 1572 EUR, and 1613 EUR for now is a complete mystery for me.
by lbrina
ETHEUR flat top triangle aiming towards 1500 EURHello traders, 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 resistence is located at 1422 EUR, right now it's also a good opportunity to buy.
Long
by lbrina
1
ETHEUR towards 1600 EUR, part 01Hello traders, 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 February 2nd, which would send prices up to 1610 EUR. Notice, that there's a chance that an ascending wedge might be forming, but we'd speculate with that if prices go down up to 1382 EUR (full red polyline), which is 0,5 Fib considering the latest bullish trend. Whatever happens there will definitely condition what would happen next, whether it be a new ATH reference, or another flat top triangle. Please like, share, comment, or donate if you find this analysis useful!
Long
by lbrina
ETHEUR aiming towards previous ATH and beyond (1500 EUR)Hello traders, 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 forget setting up tight stop-loss limits! If you find this analysis useful, don't forget liking, commenting, or donating Tradingview coins. It would be very appreciated!
Long
by lbrina
ETH inverted head and shoulderETH is braking out!!! on the 2 hour time chart we see a inverted head and shoulder patern forming, the down was 11%, so according to the head and shoulder patern, after the right shoulder, we go 11% back up again. This looks like to be enought to brake the level 1,0 fib. If he breaks, the next goal is 2100. I think that is realistic. In my opinion this is a good entry, but you also can wait until he brakes, what should be in the next 1/2 days. no advice, just my opinion. Tim
by timlange2210
3
Unless ETH breaks this descending channel in the next 1-2 days..We can see lower highs and lower lows forming in all short term timeframes. Unless ETH breaks this descending channel in the next 1-2 days, the eth bull run is over (normally a 2 day retracement is not a bad thing after such a bull run, but considering Eth futures launch on 8th Feb... Expect very high volatility). I highlight a potential small daytrade long entry at the 0.382 fibonacci level (1289.7) which also lines up with the descending channel support, with a stop loss just below the local demand zone. I would short the top of the channel and long the bottom of the channel (tight stop loss on long in case it crashes harder than expected). In summary: Short term (next couple of days), I'm short, unless i see this pattern breaking. After that I would stay out of the market to see how Eth will react to futures launch.
Short
by Akaroz
3