Can ETH hang on? I see a trend change
After 20 hours of, 5 4 hour periods, of " buy hours Ethereum price action does not lookin good my friends.
I have posted all of my criteria in the linked articles leading up to this.
Notice here on this chart that the green hours were under moving average, and under the volume of selling hours in the last 72 hours.
The particular area I have highlighted is a very concerning area.
Small stubby candles, long wicks on each end. Low volume on buy hours. 5 4 hour periods that hardly moved price open to close all tells me a story...
There was a battle back and forth and it looks like ETH is losing, can it hold 3k today? That's the important questions here, I will be on the edge of my seat watching this play out.
Please view linked articles as I do not have time at the moment to go over every reason macro and micro why I have been short ETH since $3900.
Good luck to all.
Signing off,
Crypto Slayer
I have posted all of my criteria in the linked articles leading up to this.
Notice here on this chart that the green hours were under moving average, and under the volume of selling hours in the last 72 hours.
The particular area I have highlighted is a very concerning area.
Small stubby candles, long wicks on each end. Low volume on buy hours. 5 4 hour periods that hardly moved price open to close all tells me a story...
There was a battle back and forth and it looks like ETH is losing, can it hold 3k today? That's the important questions here, I will be on the edge of my seat watching this play out.
Please view linked articles as I do not have time at the moment to go over every reason macro and micro why I have been short ETH since $3900.
Good luck to all.
Signing off,
Crypto Slayer
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