1) seems to be breaking its down trend while forming a new up trend, which shows an increased interest on the buying side.
2) premium (calculated based on OKCoin index and OKCoin quarterly ), which I use as a sentiment indicator, has finished its decline and looks like it is ready to move up, not without some decrease at first though. That would be perfect, because I do not believe in strong up moves unless there is some strong sentiment in the masses :D
3) Minor trend EMAs are still heading down, while the major 144-day has been providing some nice support.
All in all, I believe that the major up trend is strong here, but it cannot continue without a final retest of its . Things I am looking for before going long:
1) Confirmed up trend in
2) premium going high
3) For an ultimate confirmation, crossing of the 55-day
Looking for a reversal is advisable on 4h chart, there is some interesting stuff happening there :)
P. S.: The count in the chart might be incorrect, I am still learning this powerful stuff :D