Looking for a 4 hour lower high and tightening range for the next couple days.
Note ETH pulled back the hardest of the 3 (BTC, ETH, LTC) and therefore has the most ground to make up.
LTC was also hit hard last night but the morning bounce has much more strength than ETH does.
Still work watching for the weekly higher low to form if the bulls can break a tightening daily range in their favor to try and shift the momentum.
Continuing to make the bulls prove it to us with volume and follow through.
4 hour EMA resistance and if bulls get over it, daily EMA resistance will be right there waiting.
Note ETH pulled back the hardest of the 3 (BTC, ETH, LTC) and therefore has the most ground to make up.
LTC was also hit hard last night but the morning bounce has much more strength than ETH does.
Still work watching for the weekly higher low to form if the bulls can break a tightening daily range in their favor to try and shift the momentum.
Continuing to make the bulls prove it to us with volume and follow through.
4 hour EMA resistance and if bulls get over it, daily EMA resistance will be right there waiting.
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