ETH 13th July 2022
Time Frame:
12 Hours
Indicators:
MACD - Neutral-negative
OBV - Lesser volume than the previous candle (not organic)
Price Action:
If the price action remain above $1065 then we can confirm an engulfing candle to the upside.
All 4 EMAs are understandably moving down due to 6 consecutive red 12H candles, thus posing as strong layers of resistances.
The next direction largely depends on the CPI report (in 1.5 hours).
--Like, follow or drop a cheer if you find my findings useful!
12 Hours
Indicators:
MACD - Neutral-negative
OBV - Lesser volume than the previous candle (not organic)
Price Action:
If the price action remain above $1065 then we can confirm an engulfing candle to the upside.
All 4 EMAs are understandably moving down due to 6 consecutive red 12H candles, thus posing as strong layers of resistances.
The next direction largely depends on the CPI report (in 1.5 hours).
--Like, follow or drop a cheer if you find my findings useful!
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