bourbon44

Possible reject of H&S as daily MACD approaches bullish cross.

POLONIEX:ETHBTC   Ethereum / Bitcoin
45 1 1
ETH might still have some more upside to it yet. Price has been bouncing around in a fairly narrow range since the end of February and now into March. The four hour chart, not shown, shows price heading into over bought so price may drop down again in the near term. The 200 MA on the four hour has been acting as steady resistance for the last couple of move downs. Another move down and rejection off the four hour 200 MA to make a higher low in the range of .025 might not be a bad long as it could ride the possible bull momentum into what appears to be another approaching leg up.
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