Potential Reversal/Continuation
ETHUSD is still bullish for the bigger timeframes despite the strong push to the downside. Bigger timeframes are maintaining bullish structure.
The 4HR timeframe is giving a signal to reverse to the upside, will it be long term? depends on if the lower timeframes start trending to the upside.
As of now the 1HR and 4HR are bearish, but they do follow the lead of the higher timeframes so there's potential for continuation to the upside possibly retesting the ATH.
The 4HR timeframe is giving a signal to reverse to the upside, will it be long term? depends on if the lower timeframes start trending to the upside.
As of now the 1HR and 4HR are bearish, but they do follow the lead of the higher timeframes so there's potential for continuation to the upside possibly retesting the ATH.
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