TheChartGuys

ETH Testing Lower Highs for Bounce Follow Through

COINBASE:ETHUSD   Ethereum / U.S. Dollar
Battle for EMA hourly resistance for ETH and BTC             this morning.
Get over these levels and we will zoom out to 4 hour EMA resistance which are closer to ETH than BTC             currently.
Very weak bounce at this point and the bulls will have to grind higher all day.
Note hourly and 4 hour RSI has cooled off enough to potentially allow for another leg down.
We have to see bullish volume to show someone is doing some buying, or we remain cautious and skeptical of the bulls.
Looking for a daily higher low to be set to set up the likely equilibrium that will form into next week.
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