IvanLabrie
Giá lên

ETHEUR: Fiat chart looks strong

KRAKEN:ETHEUR   Ethereum/Euro
If we break out here we'll get a confirmation in the daily timeframe , although I suspect that we will remain sideways for longer, forming an accumulation range until the market is ready to advance.
If we hold in this zone, we have more than enough reasons to hold our long term longs, and once the trend fires, we can focus on intermediate term and short term trading signals to complement our investment/position trade.

Potential upside in the short term matches the monthly mode resistance, so it is extremely logical and likely to see price go back to the 10 handle or close. I'm interested in seeing if we eventually break it, and hold above, to confirm further, potentially incredible upside over time.

Good luck,

Ivan Labrie.
Bình luận: First logical target hit...in one day!
It could retrace a bit, but likely continuing higher. It could easily reach the 2nd target, or go twice as far in the short term.
Bình luận: ...yep, new high right away.

Didn't get low enough to add...
Bình luận:

If we close and hold above 9.86 we can expect further (and very significant) upside eventually, let's wait and see.
Bình luận:

I'm still holding.
Bình luận:

We have some shorter term opportunities here, I think we won't go back to our entry ever again, ideally, we want to see the market hold in this zone above the light blue box, and consolidate until it breaks the long term resistance above. It will probably take until March give or take, you can buy oversold dips since the daily trend is now up. After it gets oversold, buy into strength.
Bình luận: Today the daily uptrend time expires. If we don't go down from here, and we just stay in this zone sideways for a while, we can expect the rally to resume in time.

Bình luận: New bullish signal:



Monthly resistance still implies it'll take 2-3 months to break out of the monthly accumulation range, so, be patient.
Bình luận:
Bình luận: We've finally tested the downtrend speedline, there's significant odds we break higher.
I think we already broke the range. What does this mean?
Phản hồi
IvanLabrie rivet.popper
@rivet.popper, see the updates. Hard to predict the immediate path. We're at monthly resistance, so if you have leveraged longs, or more than 20% account, reduce that exposure.
+1 Phản hồi
Whats your view on the pair ETHBTC? Its volume is comparable to ETHEUR, also ETHBTC is flashing SHORT signals everywhere.

Dont think that would drag ETHEUR down?
Phản hồi
@Paczcz, where?
I see it in a strong uptrend.



I'm long from the green box zone.
Phản hồi
Paczcz IvanLabrie
@IvanLabrie, My analysis is at Poloniex, volume is 5 times bigger than en Kraken.



Also buy volume is decreasing. Due to the timeframe i only would think about a retracement, then long all the way up.
Phản hồi
@Paczcz, your timescale is too small for these developments. This is a daily/weekly trend, and soon, a monthly uptrend.

Volume might be fake, so, it's hard to say, for me, the $ETHEUR chart presents clearer signals, and I'd rather trade at kraken than at poloniex anyway.
Phản hồi
Dear Ivan, what is etheur???
Phản hồi
@pst6000, hi, it's a chart of the euro value of an alternative cryptocurrency.
Phản hồi
Holy smoke you nailed it. We'll be over bullish threshold pretty soon.
+1 Phản hồi
rivet.popper rivet.popper
BTW can you expand on the "incredible upside potential" please? Where to after 9.85?
+1 Phản hồi
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