Goodmorning @EVERYONE, here are my thoughts on ETH on a 4h chart ( Tue, Aug 31, 2021 @ 9:00AM PH Time)
- For this chart, I notice that ETH is starting to consolidate and having a hard time making another Higher High - I also notice that the market is currently forming a wyckoff distribution which indicates a bearish movement in the future - I marked the Recent Higher High to be a UTAD, and just waiting for a confirmation for a Test and Last Point of Supply - With that, I personally think that the market is heading towards the down side.
That's it guys! Take care and Goodluck! NFA, DYOR and TAYOR.