Eth was declining very rapidly
On 4hr in grey square.every time bulls trying to bring price up sellers answers was strong see.
Count 3 firs candles after green pause. In grey squares is first 3 candles.
Compare drops before and today- selling much weaker.last grey square with 3 candles is very short.
Also orange arrow pointing to strong red candle , next candle ( blue arrow) opening with gapping down, but no follow through down and instead closed green, next candle (green arrow) reveals more bull power as it opened with gapping up and closed green.
Gapping up on that candle created support- orange lines
Price testing it now. For rebound to test 15ema and bottom bolinger on 4hr.
Let’s see
On 4hr in grey square.every time bulls trying to bring price up sellers answers was strong see.
Count 3 firs candles after green pause. In grey squares is first 3 candles.
Compare drops before and today- selling much weaker.last grey square with 3 candles is very short.
Also orange arrow pointing to strong red candle , next candle ( blue arrow) opening with gapping down, but no follow through down and instead closed green, next candle (green arrow) reveals more bull power as it opened with gapping up and closed green.
Gapping up on that candle created support- orange lines
Price testing it now. For rebound to test 15ema and bottom bolinger on 4hr.
Let’s see
