Even though we are focusing on four hour charts We can still look at the one hour chart and view four periods as one.
When doing this we discover that ETH has bounced off of the local low from Dec 29
Not even halfway through the hour and the buyback is looking weak.
Volume on sell periods are over moving avg and frankly massive
MACD is below 0 and under the signal, at this time, and above 0 on a 4 hour chart
RSI histogram has a lot of potential for width and depth down. View Dec 27 sell off. It is highly likely that we will see a similar area created over the next few days.
I have a linked the idea I published about shorting ETH this morning.
Happy trading,
Crypto Slayer
When doing this we discover that ETH has bounced off of the local low from Dec 29
Not even halfway through the hour and the buyback is looking weak.
Volume on sell periods are over moving avg and frankly massive
MACD is below 0 and under the signal, at this time, and above 0 on a 4 hour chart
RSI histogram has a lot of potential for width and depth down. View Dec 27 sell off. It is highly likely that we will see a similar area created over the next few days.
I have a linked the idea I published about shorting ETH this morning.
Happy trading,
Crypto Slayer
