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ETHEUR trade ideas

ETH/EUR ANALYSIS Good evening friends. I would like to introduce you to my first post on Trading view,i'm honored for your time reading and responding to it. 1.a. The ETH/EUR price is on an uptrend since January 2021,as we can see from the uptrend higher lows row,which acts as a level of support. 1.b. Alongside the longterm uptrend line,the 200SMA supports the uptrend by keeping it above him,giving extra evidence about the uptrend. 2.a. As we go on,i witness a recent a key level of support at 2.020,00€ that has been tested 3 times.Afterwards we see a shorterm decline starting at november,the same decline that bothers most of the crypto's due their correlation.This 50% drop on price may be a correction on the longterm uptrend,similar to the 60% correction that occured around last years May. Ending my analysis,this is the first time the price breaks through the 200SMA and and later finds resistance on it driving it downwards even more. Thank you for your time reading my article,im honored by all.Good day! Beware! This is not any kind of financial or trading advice! BITPANDAPRO:ETHEUR
Long
by EpicHesiod
3
ETH/EUR Fibo 0.5/0.618as you can see in the last major correction of ETH/EUR the price came between the fibo 0.5 and the fibo 0.618, I marked the past fibo in the same way from top to bottom and marked the same values ​​as a reference point for the future , in euro the values ​​are 570, and 295 are absurd prices taking into account the price at which ETH arrived and the prices they are today, analyzing the LONG trend the current downward channel dashed goes in the direction of the channel bottom dashed in the long term, at any time it can reverse and the price will look for higher tops as desired but these values ​​can come to be a reality and making a conservative analysis taking into account that ETH in addition to classic currency has immense utility in the entire ecosystem nowadays, not being so used on the previous fibo analysis date, I would say that at least at the MINIMUM the price will test the 0.318 fibo zone, in euros 948.16, the numbers point to much lower zones but due to adoption and utility an analysis more conservative may be closer to reality, I shared this data just to open the mind to the possibilities, there are those who only speculate on prices and don't use the ecosystem, and don't have a notion of the fundamentals of projects in general, to make a profit not analyzing the fundamentals but it's good to have the foundation as a variable in an analysis because whether people ignore it or not, behind each coin there is a project and its adoption and utility can also have weight in future projections, this is not a prediction, it's one more warning that something dramatic can happen without leaving the long trend and then looking for new historic tops, I remind you that corrections are inevitable and necessary for markets to grow healthily
Short
by umagoma
1
ETHEREUM (ETH) 1H CHART SCENARIOI made up a chart based on gann and fib lines, see for yourelf if the scenario worked out. I wiil take a long position if ethereum comes down and retests the support. I used: Fib Speed Resistance Fans Fib Grid Log Chart Rays Volume Supply/Demand Zones Imbalances Date Ranges Trend-Base Fib Time Shliff Pitchwork There also is an xabcd pattern: If it bounces, i'll consider to ake this position: Here is a large view: ------------------------------------------------------------------------------------------------------------------------------------------------------------ That's pretty much it! don't forget to ask or DM if you have any questions! If you want to follow me on this long journey ahead of us, you can support me by subbing and liking the post ! -Credits to xtekky-
Long
by xtekky