Hi guys, fast analysis.
ETHEUR is trying to claim 160€, price is lagging in a small channel, bouncing on EMA200 (160€) and 165€. We need to break 170€, claim it and break 175€ too (EMA200 4h), then i see if i can open a long with a target between 210€ and 250€.
On the bearish side if we break the support zone at 160€ we have 1 small resistence at 155€ and a huge resistence at 150€. I keep checking for a short if price close <150€ with a first target at 120€ and a second target at 90€.
Let's see how it goes. on the long run my bias is bearish if we cant claim back 215 and then 300€.
Be safe out there.
ETHEUR is trying to claim 160€, price is lagging in a small channel, bouncing on EMA200 (160€) and 165€. We need to break 170€, claim it and break 175€ too (EMA200 4h), then i see if i can open a long with a target between 210€ and 250€.
On the bearish side if we break the support zone at 160€ we have 1 small resistence at 155€ and a huge resistence at 150€. I keep checking for a short if price close <150€ with a first target at 120€ and a second target at 90€.
Let's see how it goes. on the long run my bias is bearish if we cant claim back 215 and then 300€.
Be safe out there.
Comment:
Price broke the support and went for a new test at 155€, 4H superguppy went red at this means truble, i expect a test at 130/120€ in the next few days.