ETH currently forming a 4 hour inside bar, trying to keep EMA support.
We have a more clear higher low on the 4 hour than BTC so far, and bulls ideally want to hold this level as if it is lost so will be EMA support.
We have a wide range between support and resistance at the top of this bull move, which we could trade within all day.
Daily needs a solid green candle to confirm the bullish reversal candle of yesterday.
The bull volume on the bounce compared to bear volume on the dump, tells us this bounce is for real.
The 4 hour inside bars will dictate momentum for today, so that is our short term range to watch.
BTC is closer to a 4 hour EMA 12 crossing 26 to the upside than ETH, and ETHBTC 4 hour chart pretty much mirrors ETHUSD trying for the 4 hour higher low and higher high.
The most patient bulls are waiting for a daily higher low to enter on consolidation.
We have a more clear higher low on the 4 hour than BTC so far, and bulls ideally want to hold this level as if it is lost so will be EMA support.
We have a wide range between support and resistance at the top of this bull move, which we could trade within all day.
Daily needs a solid green candle to confirm the bullish reversal candle of yesterday.
The bull volume on the bounce compared to bear volume on the dump, tells us this bounce is for real.
The 4 hour inside bars will dictate momentum for today, so that is our short term range to watch.
BTC is closer to a 4 hour EMA 12 crossing 26 to the upside than ETH, and ETHBTC 4 hour chart pretty much mirrors ETHUSD trying for the 4 hour higher low and higher high.
The most patient bulls are waiting for a daily higher low to enter on consolidation.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Checkout our full trading resources online chartguys.com
Improve your TA with our free ebooks chartguys.ac-page.com/lp-all-ebooks?utm_source=tradingview&utm_medium=social
Improve your TA with our free ebooks chartguys.ac-page.com/lp-all-ebooks?utm_source=tradingview&utm_medium=social
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.