Congrats bulls! As we have seen for a week it was more likely ETH would break first, highlighted in the videos, due to the proximity to resistance and favorable correlation to BTC.
Bulls are holding up very well but we have to be aware that if BTC is going to form a daily lower high and pull back from here, we will see ETH consolidate as well, just to a lesser degree.
This increases the odds the other names will break bullish, but it still may take another day or so for it to follow through.
4 hour higher lows remaining intact will keep the bulls in full control, and we are currently forming an equilibrium to watch on the hourly or 15 min to indicate direction this morning.
Bulls are holding up very well but we have to be aware that if BTC is going to form a daily lower high and pull back from here, we will see ETH consolidate as well, just to a lesser degree.
This increases the odds the other names will break bullish, but it still may take another day or so for it to follow through.
4 hour higher lows remaining intact will keep the bulls in full control, and we are currently forming an equilibrium to watch on the hourly or 15 min to indicate direction this morning.
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