ETH/EUR is a better way to measure the real value ETH is gaining, which is quite hard in BTC terms due to its .
The current buy zones in green are potenional non leveraged long positions.
I use small margin positions to catch the smaller spreads, so that i dont need to sell my own ETH. I dont know if i would sell my ETH in the red zones, i´ll rather hedge it there and buy more using the short profits.
Nevertheless ETH/EUR is about to leave the 100% FIB speed resistance. We dont have a confirmation if it bottoms there yet, but if it does, we could see it reaching the next Levels.
The first red target is a great Pingpong Level if we see some Kind of bullflag in this area.
Once we are there, i´ll post some shortterm setups
The current structure looks very good.
I think we will go to the first red instead of the first green
6th of Feb. most People return from Chinese New Year vacation
15th of Feb. end of Chinese New Year.
Lets see what happens on those days
Second red circle is arround 15,80€
the daily is a bullflag.
Next FIB target is arround 14,00 €
wait for it
target 23,40€ - like indicating by the last red circle
buy the dips
We should look for buying between 14 - 15,50 € and add to our positions gradually
Important keylines are the 0.0143 and 0.0133 BTC supports. Check both charts to find your entry.