We can see ETH has broken bearish from the 4 hour range where we had support hold 3 times.
A break of $454 support would have us lose the daily higher low pattern, which would increase the potential odds for the weekly bear flag.
Bulls are not positioned well to absorb any weakness in BTC due to the lack of supports before weekly lower lows.
Clear 4 hour lower highs to watch for an indication bulls are shifting momentum.
ETH bears have been comfortable for a couple days now, which means the burden of proof is on the bulls to change things.
Watching for a clear break of the BTC 4 hour range today.
A break of $454 support would have us lose the daily higher low pattern, which would increase the potential odds for the weekly bear flag.
Bulls are not positioned well to absorb any weakness in BTC due to the lack of supports before weekly lower lows.
Clear 4 hour lower highs to watch for an indication bulls are shifting momentum.
ETH bears have been comfortable for a couple days now, which means the burden of proof is on the bulls to change things.
Watching for a clear break of the BTC 4 hour range today.
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Checkout our full trading resources online chartguys.com
Improve your TA with our free ebooks chartguys.ac-page.com/lp-all-ebooks?utm_source=tradingview&utm_medium=social
Improve your TA with our free ebooks chartguys.ac-page.com/lp-all-ebooks?utm_source=tradingview&utm_medium=social
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.