ETH trying to hold 1H Higher Lows before breakout
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ETH is trying to hold the 1H Higher Lows before the breakout of the inverted H&S yesterday at 471. Just like grandpa BTC, it has been rejecting from 4H EMAs yet. The correlation to grandpa (ETHBTC) nicely held the Mai lows yesterday, which makes ETH still relatively stronger to BTC.
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ETH is trying to hold the 1H Higher Lows before the breakout of the inverted H&S yesterday at 471. Just like grandpa BTC, it has been rejecting from 4H EMAs yet. The correlation to grandpa (ETHBTC) nicely held the Mai lows yesterday, which makes ETH still relatively stronger to BTC.
If you find my analysis helpful, please like & subscribe, I will be doing those daily from now on! ;)
About myself: Global citizen & early Bitcoin adopter from Germany. I invested in the 2nd rally from 50 to 1.000 Dollars in BTC.
I'm currently a member of the ChartGuys community.
Comment:
Made nice dopple bottom before breakout.