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ETH ConsolidatingETH correlation with BTC has the bears in control last night. Recently it appears the correlation is present over 90% of the time, so it is hard for the bulls here to gain attention as we are still 30% from all time highs and BTC has much less in terms of resistance. Without news or some other events to break the correlation, ETH remains at the mercy of BTC. I personally will always look at BTC when analyzing ETH as well. Seeing BTC is still healthy on the 4 hour and daily, is a good sign for ETH bulls.
COINBASE:ETHUSD
by TheChartGuys
3
NEO Key resistance test approachingAfter 6 days of consolidation from all time highs, we are getting the first signs that the bulls are ready to confirm they have established the higher low on the daily chart. We must see a break of $42 to confirm this, but we are seeing our first signs on the hourly with a higher low set and some bullish action following it. If we get a break of $42 we will look for a lower high on the daily compared to the all time high, and an equilibrium pattern to develop. I will be back to highlight this if we get the break!
N
by TheChartGuys
7