ETHUSD is trading much weaker than LTCUSD on the 4H timeframe but it's worth paying attention. There has not been a breakthrough on the 4H chart like LTC. Until ETHUSD breaks above the interim resistance @ 91.65, the downtrend is still intact and you should be staying out of the coin.
And as long as it breaks above the interim resistance, you need to zoom -in to a smaller timeframes such as 5M, 15M, and 1H in order to see if there is any abnormal volumes. Without abnormal volume following the break, that's a sign of a fakeout.
And as long as it breaks above the interim resistance, you need to zoom -in to a smaller timeframes such as 5M, 15M, and 1H in order to see if there is any abnormal volumes. Without abnormal volume following the break, that's a sign of a fakeout.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.