TheChartGuys

ETH Hourly Lower highs and Lower lows

COINBASE:ETHUSD   以太坊/美元
Some inverse correlation to BTC             as the bulls run hard all night and ETH has pulled back and formed lower highs and lower lows.
Bears have control of the hourly trend as long as the lower highs continue.
The weekly equilibrium pattern is still intact, and the daily chart will need another higher low before the bulls can head up to this resistance test.
Not trying to buy into bearish momentum. the shorter term trend is your friend if looking for entries.
Patiently waiting for the bulls to change the trend on the hourly before looking for an entry.
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