MACD is about to cross bullish, the next few hours/days arefight on top in my opinion.Stay aware of the golden line at 0.0295.
It looks to be agood long entry for a short time or can climb even higher when momentum goes in. tight stop loss under 0.0246 is recommended!
That 4h candle could not have turned any uglier... And the current one even opened below downtrending line.... Not exactly bullish any longer...
Game: When the ETHEUR reach 100€? My bet => July 14th 2017 see you ;-)
Forecast for the next ETHEUR technical diagram
Short term is bullish right now but i would rather expect another denial by the upfront red channel lines. If it does so, the bullish flag scenario is on hold until it breakes either the top or the bottom side of that channel. I'm still holding half of my longs and keep a close eye on the golden lines, since I think a breakout top is more likely in the next few days.
Short now or keep out waiting the spot to buy arround 0.015/4.
The price is still contained in a descending channel (red). 4H tweezer top confirmation (marked with pink rectangle) suggests that the ascending bull channel (green) will most likely be broken in the coming hours. Closing below 0.0088 means the downtrend continuation. Should the price close anywhere above 0.0097, this would signal a new emerging uptrend.