The weakening of the oscillator means that there will be a bearish action in the future. Possible targets are scenes 1 and 2. Not a financial advice, stick to your own decision.
Breakout and retest confluences with the 50EMA and the bottom of the descending channel. Engulfing is a plus for more confirmation to the downside. Not a financial advice, just sharing my ideas.
An increase in price action in the 4hr time frame but a declining volume in the oscillator(if this remains low) tells that there would possibly be a bearish action in the future. The targets would be around 1794 and the base of the rising wedge. This is not financial advice, just sharing my thoughts on this. Happy trading!
Possible bearish divergence if the volume on the oscillator weakens and a possible bounce at 1803 level. Manage your own money properly to avoid margin call, always go with your own decision. DYOR.
EURUSD is approaching the daily support line (yellow), and from the looks of it on a monthly timeframe, it will more likely to break below it following the trendline. This is not a financial advice, I'm just sharing my insights, please do your own research first before trading. Goodluck!
This is just my opinion, if bitcoin dominance keeps its uptrend, eth pattern could be invalidated. Eth needs a retest at the point of breakout with large buy volume to keeps its uptrend.
