ETH 4 hour chart looking a bit more bullish than BTC, but a break of overnight lows will shift momentum to bears.
Bearish reaction to markets on the Bithumb hack giving a more emphatic rejection from daily EMA resistance.
Keep an eye on volume as the hourly volume is still favoring bears.
We will look for a daily higher low to form even if we continue pulling back from here, as the last support on the daily is $488.
Patient waiting for another clear entry for bulls, while many bears are already in positions.
12:15 PM Eastern 4 of the last 6 days has given a bull spike so pay extra attention during that time.
Bearish reaction to markets on the Bithumb hack giving a more emphatic rejection from daily EMA resistance.
Keep an eye on volume as the hourly volume is still favoring bears.
We will look for a daily higher low to form even if we continue pulling back from here, as the last support on the daily is $488.
Patient waiting for another clear entry for bulls, while many bears are already in positions.
12:15 PM Eastern 4 of the last 6 days has given a bull spike so pay extra attention during that time.
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