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ETHEUR

[ETHUSDT] Trade IdeaSo Etherium just topped at the resistance level previous stabilished around 328, so this is a bad time to get in, but as we can see at the daily chart things are looking positive so the tide is on favor for a positive movement. Yet we just topped and if you look at smaller time frames all indicators point for a intraday readjustment, so would be smart to buy near the support level(green lime) when the indicators start to show a reversal. Buying nearby the support line would give you a small down side and it would allow you to still get out with profits in case it fails to break the red resistance of 328. In case the resistance is broken and the ascending triangle pattern is confirmed, we can set a sell target at 340 and if you have nerves 350. My backtesting of ascending triangles with crypto with more than 100 trades shows a possibility of 65% of reaching that sell target in case the breakout is confirmed. Breakout entry tip: buy above the highest of the first candle that the lowest and highest closes completely above the red resistance line at 328. Completely above means completely above, it means that even if the lowest is still under the breakoutlevel (328) I'd keep out, trust me this will make this trade fail proof. Don't be stupid like me yesterday on ripple buying near the resistance level and praying because indicators looked good (took a 3% loss). Play safe, win always.
B
by spectertrading
3
ETH - Time to Shine?As we all know, ETH has seen very little action over the last month due to BTC stealing the show. However with the BTC fork craze nearing an end, I believe that ETH may have a chance for a move. As you can tell from the chart above it appears that ETH is starting to squeeze within a pennant. The BULL Cycle: IF we happen to break through top, I will be entering a long position. My major target points would be 350, 394, and 448. Additional target points are the fib extensions shown above. The BEAR Cycle: As much as I would love to see ETH make a run up, there is still a chance we will fall out the bottom of the pennant. IF this happens I will likely place a short, and my first target would be the major support line at 271. I hope this helps and I wish you all the best of luck! DISCLAIMER: Please note I am only providing my own trading information for your benefit and insight to my trading techniques, you should do your own due diligence and not take this information as a trade signal.
Long
by oh92
4
ETH - BIG Triangles.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 exactly at the bottom of the triangle i had set up. I bought. The bounce was awesome. BUT i felt BTC did not drop low enough which was the general sentiment I heard from other people too. This took me back to the drawing board. Was this one big bull trap.. were we not over yet.. So hunted for a 2nd big triangle... and its there... could ETH and BTC do a nother deeper drop and complete their triangles.. or was that it and up away we go.
by Onyro
3
ETH bullishETH looking good, my target for this month is 300eur. Higher low -new bullish chanel was formed, cruicial resistance at 200(eur) was broken above, huge symm triangle was formed and ETH jumped quite high - currently support is at around 230. We are close to fib 0.5 and the next resistance point at 260. If ETH will cross it, next station is the resistance at 280-285 which is also fib 0.618. I am sure there will be some dips but overall if eth stays in the bullish chanell we are up.
ELong
by chikoon