TheChartGuys

ETH Bulls Looking for a 4 Hour Higher Low

COINBASE:ETHUSD   Ethereum / U.S. Dollar
Healthy consolidation overnight with no red flags as the bulls for BTC and ETH both test EMA 4 hour support.
4 hour inside bar bear break was a signal further consolidation was coming.
Bulls need to change the trend back to the bulls on the hourly for our 4 hour support to be set.
Bulls still need to clearly get over daily EMA resistance for bulls to be comfortable on the daily.
If this consolidation gets more drawn out, anything on the daily over $451 will be a higher low.
Personally playing things on longer term time frames with more of a swing trade mindset.
Still all about BTC multiple tops in the low $6,800s.

Comments

On 1D it is viewed as a Lower High pricing. Medium term perspective:

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obzerv obzerv
@obzerv, I agree with you.
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