Hey guys, ETH, just like big brother Bitcoin is right now trying for a Bull Flag on the Hourly & 4H, after we saw some solid Bullish Hammer on the 4H. EMA 12 is holding as support, while EMA 26 acts as resistance.
A break of the neckline at $440 +$450 conservatively could shift the odds in the bulls favor, of building a Daily higher low.
=> But: Any break of that neckline has to see simultaneous break of big brother Bitcoin , otherwise it'll be a fake out! We have seen this in previous days.
In the direct correlation of ETH/BTC, we're at the important resistance at 0.07
If we cannot break to the upside, we're looking at the previous lows at $410. So, if you wanna play bullish , never forget: We're still in highly bearish terrain with grandpa Bitcoin , any possible plays have to be highly secured & conservative in order to protect your money.
If you had some value from my analysis, please like & subscribe so you don't miss it next time, and watch my daily videos! ;)
About myself: Global citizen & early Bitcoin adopter from Germany. I invested in the 2nd rally from 50 to 1.000 Dollars in BTC.
A break of the neckline at $440 +$450 conservatively could shift the odds in the bulls favor, of building a Daily higher low.
=> But: Any break of that neckline has to see simultaneous break of big brother Bitcoin , otherwise it'll be a fake out! We have seen this in previous days.
In the direct correlation of ETH/BTC, we're at the important resistance at 0.07
If we cannot break to the upside, we're looking at the previous lows at $410. So, if you wanna play bullish , never forget: We're still in highly bearish terrain with grandpa Bitcoin , any possible plays have to be highly secured & conservative in order to protect your money.
If you had some value from my analysis, please like & subscribe so you don't miss it next time, and watch my daily videos! ;)
About myself: Global citizen & early Bitcoin adopter from Germany. I invested in the 2nd rally from 50 to 1.000 Dollars in BTC.