Eth | Watch this dead cat bounce.
is the garbage fire going to continue burning?
Black = Monthly levels
Merlot = Weekly levels
Red = Daily lvl's
Orange = 4hr lvl's
Yellow = 1hr lvl's
Eth hit the 4hr range trend and broke its uptrend. The FrontSide (FS) 1hr combo level ($966 area) looks like a great target to keep the structure in an uptrend. The steeper the trend angles, the harder / longer it will be to decycle and test their vertices.
breaking the current daily trend to retest the lower support levels will give eth the opportunity to create a weekly trend.
The 1hr origin level is going to fuel a nice move upwards if broken. If not, there could be a nice "dip" coming.
#ethgate
Black = Monthly levels
Merlot = Weekly levels
Red = Daily lvl's
Orange = 4hr lvl's
Yellow = 1hr lvl's
Eth hit the 4hr range trend and broke its uptrend. The FrontSide (FS) 1hr combo level ($966 area) looks like a great target to keep the structure in an uptrend. The steeper the trend angles, the harder / longer it will be to decycle and test their vertices.
breaking the current daily trend to retest the lower support levels will give eth the opportunity to create a weekly trend.
The 1hr origin level is going to fuel a nice move upwards if broken. If not, there could be a nice "dip" coming.
#ethgate
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