Similar pattern to BTC though a bit less clear.
We are tightening up and just formed another lower high that the bulls will need to break for a clear shift in consolidation back to favor the bulls.
Bull MACD on the 4 hour would accompany a bull break of this pattern, expected later tonight.
Always watching the correlations to the other big 3, where ETH is the leader.
Still healthy on the daily chart with higher lows and long lower wicks of bulls buying the dips.
Patiently waiting for a break as volume and opportunity becomes more limited in the equilibrium pattern.
Inside 4 hour bar also forming to keep an eye on this morning.
We are tightening up and just formed another lower high that the bulls will need to break for a clear shift in consolidation back to favor the bulls.
Bull MACD on the 4 hour would accompany a bull break of this pattern, expected later tonight.
Always watching the correlations to the other big 3, where ETH is the leader.
Still healthy on the daily chart with higher lows and long lower wicks of bulls buying the dips.
Patiently waiting for a break as volume and opportunity becomes more limited in the equilibrium pattern.
Inside 4 hour bar also forming to keep an eye on this morning.
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