ETH is dumping harder than BTC this morning as the sector pulls back after one last $6,800 rejection.
4 hour RSI is oversold and hourly RSI is under 20 as we see an attempt at an oversold bounce this morning.
Hourly EMA resistance is an area shorts are waiting to enter or re-enter.
See BTC analysis for the daily pattern that MUST break bullish for any kind of bounce continuation.
Bulls need to be prepared for worst case scenario... which is a weekly bear flag.
I will go into the possible outcomes for the next 2-4 week outlook in the video later today.
4 hour RSI is oversold and hourly RSI is under 20 as we see an attempt at an oversold bounce this morning.
Hourly EMA resistance is an area shorts are waiting to enter or re-enter.
See BTC analysis for the daily pattern that MUST break bullish for any kind of bounce continuation.
Bulls need to be prepared for worst case scenario... which is a weekly bear flag.
I will go into the possible outcomes for the next 2-4 week outlook in the video later today.
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