TheChartGuys

ETH Bulls Try for 4 Hour Higher Low

COINBASE:ETHUSD   Ethereum
Bulls looking for the hourly chart to set higher lows and higher highs, to be confident a higher low on the 4 hour is being set.
After being unable to set a higher high on the daily, we are now in a tightening equilibrium pattern.
The two drawn support lines are the levels that must hold for me to consider the bulls remaining in control.
Bulls looking to show up this morning and establish a new key higher low of support to hold.
Note the lack of 4 hour support yesterday aside from individual candles that paused.
This is why I consider this 4 hour consolidation still bullish, in an attempt for a higher low.
Correlation is still slightly weaker than BTC.

Checkout our full trading resources online www.chartguys.com

Improve your TA with our free ebooks chartguys.ac-page.com/lp-all-ebooks?utm_source=tradingview&utm_medium=social
Haftungsausschluss

Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.