ETH has not formed a 4 hour higher low and higher high yet like BTC has.
If we continue to pull back we will have a clear 4 hour equilibrium to watch for the rest of the day.
Bulls have more work to do to see the 12 EMA cross 26 bullish like it currently is on BTC.
Daily EMA resistance will be next if the bulls can clear the top of this bounce in the mid $580s.
Currently a daily inside bar forming with the 4 hour EQ.
The ETHBTC chart to watch for strength in comparison to each other is pretty much forming the same 4 hour pattern as ETHUSD.
If we continue to pull back we will have a clear 4 hour equilibrium to watch for the rest of the day.
Bulls have more work to do to see the 12 EMA cross 26 bullish like it currently is on BTC.
Daily EMA resistance will be next if the bulls can clear the top of this bounce in the mid $580s.
Currently a daily inside bar forming with the 4 hour EQ.
The ETHBTC chart to watch for strength in comparison to each other is pretty much forming the same 4 hour pattern as ETHUSD.
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Disclaimer
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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.