Bulls have some nice momentum to start the morning after a 4 hour bull flag is confirmed.
Bulls have short term momentum as long as the 4 hour uptrend is intact. If we lose the 4 hour trend, we look for our daily lower high, and equilibrium to form.
4 hour RSI levels for ETH and BTC make it unlikely bulls are able to just head up and break the daily lower highs, still needing 4-5% ... but it is possible.
ETH bulls should see significant follow through if the 5 tops on BTC at $6,800 are broken. This will be a GO signal for the bulls.
That is THE level to be watching this week!
Bulls have short term momentum as long as the 4 hour uptrend is intact. If we lose the 4 hour trend, we look for our daily lower high, and equilibrium to form.
4 hour RSI levels for ETH and BTC make it unlikely bulls are able to just head up and break the daily lower highs, still needing 4-5% ... but it is possible.
ETH bulls should see significant follow through if the 5 tops on BTC at $6,800 are broken. This will be a GO signal for the bulls.
That is THE level to be watching this week!
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