ETH Daily Higher Low Forming
Very strong daily chart, still correlated to BTC and trying to form a daily bullish candle to indicate our higher low is in.
Declining volume on the 4 hour chart does not build confidence for the bulls.
We will likely need to consolidate and attempt a higher low on the 4 hour chart to try and see the bounce continue.
Never take your eyes off BTC correlation, with the Tether FUD yesterday we are seeing significant correlations.
Bulls still positioned very well IF the BTC bulls can get their act together, but I do not have confidence in that just yet due to lack of volume on this bounce.
Declining volume on the 4 hour chart does not build confidence for the bulls.
We will likely need to consolidate and attempt a higher low on the 4 hour chart to try and see the bounce continue.
Never take your eyes off BTC correlation, with the Tether FUD yesterday we are seeing significant correlations.
Bulls still positioned very well IF the BTC bulls can get their act together, but I do not have confidence in that just yet due to lack of volume on this bounce.
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