$ETH
This morning I posted about the larger weekly frame which is currently looking bad; however, the smaller frame on H4 has very positive signals. Let's take a look
🟩 1. H4 for both BTC and ETH are forming a "Early Bullish Reversal" pattern
Beautiful bottom signals:
✔ Very long bottom wick at 3001 - clear spring
✔ OBV has stopped declining, is starting to rise - real money coming in
✔ RSI has strongly bounced from the 25 - 57 range
✔ H4 candle closing price is above EMA7 for the first time, and is approaching EMA21
✔ Bottom volume > red follow volume - absorbed the selling pressure
✔ The cluster of 6–8 candles prior is sideways
✨ 2. So is it a large bottom yet?
The likelihood is that it is not yet at the larger frame like the weekly, but this is:
A reaction bottom to go up and test EMA21/EMA99 before deciding to dump further or create a larger bottom.
Two phases:
Phase 1 – Short-term rebound (currently happening)
Based on H4 & D3 → very high probability ETH will rebound to:
- 3250
- 3330
- 3400-3600
(EMA21 – EMA99 areas on H4 & D3)
This morning I posted about the larger weekly frame which is currently looking bad; however, the smaller frame on H4 has very positive signals. Let's take a look
🟩 1. H4 for both BTC and ETH are forming a "Early Bullish Reversal" pattern
Beautiful bottom signals:
✔ Very long bottom wick at 3001 - clear spring
✔ OBV has stopped declining, is starting to rise - real money coming in
✔ RSI has strongly bounced from the 25 - 57 range
✔ H4 candle closing price is above EMA7 for the first time, and is approaching EMA21
✔ Bottom volume > red follow volume - absorbed the selling pressure
✔ The cluster of 6–8 candles prior is sideways
✨ 2. So is it a large bottom yet?
The likelihood is that it is not yet at the larger frame like the weekly, but this is:
A reaction bottom to go up and test EMA21/EMA99 before deciding to dump further or create a larger bottom.
Two phases:
Phase 1 – Short-term rebound (currently happening)
Based on H4 & D3 → very high probability ETH will rebound to:
- 3250
- 3330
- 3400-3600
(EMA21 – EMA99 areas on H4 & D3)
