Goodmorning everyone, here are my thoughts on ETH on a 4h chart ( Tue, Aug 31, 2021 @ 9:00AM PH Time)
- For this chart, I notice that ETH is starting to consolidate and having a hard time making another Higher High
- I also notice that the market is currently forming a wyckoff distribution which indicates a bearish movement in the future
- I marked the Recent Higher High to be a UTAD, and just waiting for a confirmation for a Test and Last Point of Supply
- With that, I personally think that the market is heading towards the down side.
That's it guys! Take care and Goodluck! NFA, DYOR and TAYOR.
- For this chart, I notice that ETH is starting to consolidate and having a hard time making another Higher High
- I also notice that the market is currently forming a wyckoff distribution which indicates a bearish movement in the future
- I marked the Recent Higher High to be a UTAD, and just waiting for a confirmation for a Test and Last Point of Supply
- With that, I personally think that the market is heading towards the down side.
That's it guys! Take care and Goodluck! NFA, DYOR and TAYOR.
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Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.