Hey guys, hope you had a great weekend! ;) ETH broke the equilibrium together with big brother Bitcoin over the weekend, just like anticipated in the idea before. Contrary to BTC, we have even reached Higher Highs at $496.
But, while big brother is still upholding EMA 12 support in a healthy consolidation, ETH is weaker, right now grinding & potentially losing EMA 26 support, after losing the 4H Higher Lows that were established. We're basically testing the break out levels again, and the bulls must regain strength here.
If we cannot manage to do so, we're looking at new Higher Lows compared to $450. On the Daily we're clearly rejecting from EMA 26 while 12 is support.
If you don't want to miss crucial inside bar breaks the next time, please like & subscribe, and watch my daily videos! ;)
About myself: Global citizen & early Bitcoin adopter from Germany. I invested in the 2nd rally from 50 to 1.000 Dollars in BTC.
But, while big brother is still upholding EMA 12 support in a healthy consolidation, ETH is weaker, right now grinding & potentially losing EMA 26 support, after losing the 4H Higher Lows that were established. We're basically testing the break out levels again, and the bulls must regain strength here.
If we cannot manage to do so, we're looking at new Higher Lows compared to $450. On the Daily we're clearly rejecting from EMA 26 while 12 is support.
If you don't want to miss crucial inside bar breaks the next time, please like & subscribe, and watch my daily videos! ;)
About myself: Global citizen & early Bitcoin adopter from Germany. I invested in the 2nd rally from 50 to 1.000 Dollars in BTC.