ETH Previously we were BULL AF but now?
4HR
uptrend/triangle broken down - BEAR
RSI uptrend/triangle broken down, retested and rejected - BEAR
Volume is nothingburger, just a little increase on the last candle when broken 4hr EQ - neutralish
Daily
uptrend Broken down - BEAR
RSI uptrend broke down - BEAR
key support still holding at 2144 - Bull till broken
Volume is also not notable - neutral
More bearish signs on the 4HR and Daily so we wait for more downside, likely to be triggered by daily support 2144 breakdown (if it happens) which will trigger the stops and maybe liquidations. Unless bulls punch bears in the mouth and go up from here (less likely imo)
Low timeframe RSI (up to 1HR) is near oversold so we may need to cool it off a bit if we are to go down + 4HR RSI will be oversold if we break the 2144 D support 1% below it.
Weekly and monthly are still bullish so we look for W HL to form and get in for a swingity swing. Altho bulls really dont want to close the monthly candle looking with an ugly upper wick in ~13 days for the happy new year to be truly happy.
What else did I miss?
GL and BTFD?
uptrend/triangle broken down - BEAR
RSI uptrend/triangle broken down, retested and rejected - BEAR
Volume is nothingburger, just a little increase on the last candle when broken 4hr EQ - neutralish
Daily
uptrend Broken down - BEAR
RSI uptrend broke down - BEAR
key support still holding at 2144 - Bull till broken
Volume is also not notable - neutral
More bearish signs on the 4HR and Daily so we wait for more downside, likely to be triggered by daily support 2144 breakdown (if it happens) which will trigger the stops and maybe liquidations. Unless bulls punch bears in the mouth and go up from here (less likely imo)
Low timeframe RSI (up to 1HR) is near oversold so we may need to cool it off a bit if we are to go down + 4HR RSI will be oversold if we break the 2144 D support 1% below it.
Weekly and monthly are still bullish so we look for W HL to form and get in for a swingity swing. Altho bulls really dont want to close the monthly candle looking with an ugly upper wick in ~13 days for the happy new year to be truly happy.
What else did I miss?
GL and BTFD?
Stop loss in
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