ETH 4 hour lower high rejecting from EMA 12 resistances last night.
Now we are headed down for a support test that favors a bear break due to the setup on BTC, and weakness.
We must become aware of the pattern and timing of the daily dumps which is keeping the market held down and adding bearish sentiment.
As long as this continues, the bears will keep majority control on the longer term time frames.
All cash and picky on any bullish entries. Still not trading ETH bullish.
ETH is a solid bearish possibility if shorting, once this 4 hour tightening pattern breaks.
Now we are headed down for a support test that favors a bear break due to the setup on BTC, and weakness.
We must become aware of the pattern and timing of the daily dumps which is keeping the market held down and adding bearish sentiment.
As long as this continues, the bears will keep majority control on the longer term time frames.
All cash and picky on any bullish entries. Still not trading ETH bullish.
ETH is a solid bearish possibility if shorting, once this 4 hour tightening pattern breaks.
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