BTC Bulls Testing 4 Hour Lower High Resistance
After dropping to a lower low, bulls bounced back to the original tops and are currently trying to break the lower high pattern.
On the daily chart this is currently seen as a bullish reversal candle off EMA12 support.
Bulls are hoping for a strong close of this candle, but keep in mind we will need a 4H higher low and HH to change the trend back to bulls.
LTC ended up with a nice double bottom at the lows, and it and ETH are testing their resistances as well.
We get a lot of information judging what consolidation looks like and if that is it and the bulls resume a 4 hour uptrend from here, it is very favorable for bulls.
Bears will be scouting entries on daily lower highs, using recent tops as stop levels.
On the daily chart this is currently seen as a bullish reversal candle off EMA12 support.
Bulls are hoping for a strong close of this candle, but keep in mind we will need a 4H higher low and HH to change the trend back to bulls.
LTC ended up with a nice double bottom at the lows, and it and ETH are testing their resistances as well.
We get a lot of information judging what consolidation looks like and if that is it and the bulls resume a 4 hour uptrend from here, it is very favorable for bulls.
Bears will be scouting entries on daily lower highs, using recent tops as stop levels.
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