ETHEREUM possible trend change?
I have been making plays mostly based on the 4 hour charts. Now that doesn't mean that we cant dip into the one hour to see whats going on.
So lets take a look:
What I see here is a weak buy back rally that has volume under moving average and also under the recent selling hours volume.
I have pointed out on numerous occasions that when we see these stubby short candles with wicks on each side that I believe a trend change is coming.
However this isn't the strongest case I have ever seen. (see linked published idea on BTC)
That being said it would not surprise me to see ETH price action go either way up or down.
I do maintain that if it goes up it is most likely a suckers rally.
I personally will not restore confidence in or speculate spot or long on ETH until it has closed daily over
4K multiple times.
Until then,
Happy Trading my friends,
Crypto Slayer
So lets take a look:
What I see here is a weak buy back rally that has volume under moving average and also under the recent selling hours volume.
I have pointed out on numerous occasions that when we see these stubby short candles with wicks on each side that I believe a trend change is coming.
However this isn't the strongest case I have ever seen. (see linked published idea on BTC)
That being said it would not surprise me to see ETH price action go either way up or down.
I do maintain that if it goes up it is most likely a suckers rally.
I personally will not restore confidence in or speculate spot or long on ETH until it has closed daily over
4K multiple times. Until then,
Happy Trading my friends,
Crypto Slayer
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