TheChartGuys

ETH Hourly Lower highs and Lower lows

COINBASE:ETHUSD   Ethereum
Some inverse correlation to BTC as the bulls run hard all night and ETH has pulled back and formed lower highs and lower lows.
Bears have control of the hourly trend as long as the lower highs continue.
The weekly equilibrium pattern is still intact, and the daily chart will need another higher low before the bulls can head up to this resistance test.
Not trying to buy into bearish momentum. the shorter term trend is your friend if looking for entries.
Patiently waiting for the bulls to change the trend on the hourly before looking for an entry.

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
Frånsägelse av ansvar

Informationen och publikationerna är inte avsedda att vara, och utgör inte heller finansiella, investerings-, handels- eller andra typer av råd eller rekommendationer som tillhandahålls eller stöds av TradingView. Läs mer i Användarvillkoren.