BTC had a big drop which has pulled down eth with it.
Eth is currently still holding trend on the Daily
1H has had a change in Market structure LL. good sized moved.
Looks bearish, however going to wait for the dust to settle before revising and considering entries.
Hope no one got affected on the last trade, this is why its important to wait for confirmation and a re-test.
in this case there was no retest - after the break of the ath (2530ish) we were given 2 bear hammers... followed by a little push, a bearish looking candle and a bearish engulfing which took us below the support level.
Eth is currently still holding trend on the Daily
1H has had a change in Market structure LL. good sized moved.
Looks bearish, however going to wait for the dust to settle before revising and considering entries.
Hope no one got affected on the last trade, this is why its important to wait for confirmation and a re-test.
in this case there was no retest - after the break of the ath (2530ish) we were given 2 bear hammers... followed by a little push, a bearish looking candle and a bearish engulfing which took us below the support level.