Bulls got over hourly EMA resistances, so we zoom out to the 4 hour and watch EMA resistance be tested.
We are anticipating a lower high will be set today, and it will be up to the bulls to form a higher low and see continuation to change the 4 hour trend for the bulls.
If this occurs, we zoom out to the daily and look for the same thing.
ETH has my attention with the clear 4 hour lower highs, and the need to form a weekly higher low above $100 to remain in the equilibrium pattern.
Bears are scouting entries. More aggressive are looking to enter at 4 hour EMA resistance, more patient bears are waiting for the daily lower high to be set.
We are anticipating a lower high will be set today, and it will be up to the bulls to form a higher low and see continuation to change the 4 hour trend for the bulls.
If this occurs, we zoom out to the daily and look for the same thing.
ETH has my attention with the clear 4 hour lower highs, and the need to form a weekly higher low above $100 to remain in the equilibrium pattern.
Bears are scouting entries. More aggressive are looking to enter at 4 hour EMA resistance, more patient bears are waiting for the daily lower high to be set.
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
Improve your TA with our free ebooks chartguys.ac-page.com/lp-all-ebooks?utm_source=tradingview&utm_medium=social