TheChartGuys

ETH pullback, but higher lows

COINBASE:ETHUSD   Ethereum
After the breakout to start the week, we saw a very significant pullback with the BTC dump. We need to be cautious of this correlation as BTC has now broken a key support $3800. Very nice gains from the lows also correlated with the BTC bounce. Need to see a recovery for a bull daily MACD cross, but an equilibrium pattern as things settle down is likely for today. Looking for a lower high to be set on this bounce.

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