TheChartGuys

ETH Bulls Try for 4 Hour Higher Low

COINBASE:ETHUSD   以太坊/美元
Bulls looking for the hourly chart to set higher lows and higher highs, to be confident a higher low on the 4 hour is being set.
After being unable to set a higher high on the daily, we are now in a tightening equilibrium pattern.
The two drawn support lines are the levels that must hold for me to consider the bulls remaining in control.
Bulls looking to show up this morning and establish a new key higher low of support to hold.
Note the lack of 4 hour support yesterday aside from individual candles that paused.
This is why I consider this 4 hour consolidation still bullish , in an attempt for a higher low.
Correlation is still slightly weaker than BTC             .
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