ETH Battling EMA 12 4 hour Resistance
ETH bulls took a step ahead of BTC with 4 hour inside bar bull break and test of EMA resistance on the 4 hour.
We have rejected the initial attempt and now consolidate as bulls try and keep hourly EMA support.
Keeping an eye on the bull 4 hour MACD cross closing in as well.
Lots of sideways trading the last couple days and the bulls are far from proving anything on the 4 hour and daily charts yet.
Still holding a smaller swing positions to prevent FOMO and allow for some smaller gains while waiting for more confidence before risking more capital.
Patience is the name of the game, with these slow bounces there is no need to try and nail bottoms.
We have rejected the initial attempt and now consolidate as bulls try and keep hourly EMA support.
Keeping an eye on the bull 4 hour MACD cross closing in as well.
Lots of sideways trading the last couple days and the bulls are far from proving anything on the 4 hour and daily charts yet.
Still holding a smaller swing positions to prevent FOMO and allow for some smaller gains while waiting for more confidence before risking more capital.
Patience is the name of the game, with these slow bounces there is no need to try and nail bottoms.
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