We can long to a target TP1 of ~75 € and TP2 ~100 € Don´t be greedy and close early if we get there.
If you are not in from the start you should consider a stopp loss below the red trendline.
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let´s prepare for the last wave
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The trend is broken and can not continue from here. There is not enough volume for more upside. ETH needs to cool down from this rally and could continue next month. Time to close margins and hold spot positions only.
We have support between 27-31 € and should try to get in in this range.
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we got multiple break outs on various exchanges and all pairs. TP1 75€ TP2 100€
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ETH/EUR remains stable in a bullish pattern. Let´s see if we can go hire, or if BTC will steal ETHs attention
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it seems Bitcoin is back to bull and ETH has difficulties to keep up. FIAT chart is moving between 45-46 €, the trend is still valid, but it seems to lose power.
We can see ETH is performing really bad against BTC. The linear trend is still valid. Another drop to yesterdays levels could ruin it. If we don´t see bullish price action today, we should leave this trade and wait for a new signal. If large investors stop buying large quantities of ETH this market will fall on its own weight.
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ETH is slowly approaching to new highs. There could be a breakout soon. Based on FIB we should take profit latest arround 72€
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Max_Miner
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Pato do we have any updates taking in consideration the current evolution ? or it just consolidating for a new up shot ?
Pato99
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@GhenadieCeban, bullflag, bitcoin topped
Max_Miner
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@Pato99, do you think we have enough power to pus up for a new ATH ? or it will go a bit down for consolidation?
It seems ETH this time is very connected to BTH .
So you are saying that is good idea to sell ETH now and buy at 30?
Pato99
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@verjic, ETH can not hold here without volume. Next major support is marked by the blue lines
verjic
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@Pato99, I was sure about this after it break small triangle, at 38,5. But did not sold much, was waiting to see market reaction. But reaction to price going down was low. So I think you are right, it will go down now. But will see were it will stop...
Pato99
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@verjic, yeah it is quite volatile. it can bounce anywhere between 30-40 € in the next days
doudoune
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@Pato99, hey, i bought 4XBT in ETH today, at 35.5, you think i should sell, and buy lower ?