Hammer reversal rejected as 
ETH drops to a low of ~3050; not a huge surprise to carry out third red on the daily.
Seems we could still be within range for a possible recovery (see 1/06 post) as essentially we didn't break 3k. H4 MACD and Chaikin have potential momentum to cross zero with major resistance around 3400 (neckline) -> 3600.
Highlighted zone represents support/resistance testing. A dip and close below this level would be my signal to sell with the hope of buying back around 2750-2800.
ETH drops to a low of ~3050; not a huge surprise to carry out third red on the daily.Seems we could still be within range for a possible recovery (see 1/06 post) as essentially we didn't break 3k. H4 MACD and Chaikin have potential momentum to cross zero with major resistance around 3400 (neckline) -> 3600.
Highlighted zone represents support/resistance testing. A dip and close below this level would be my signal to sell with the hope of buying back around 2750-2800.
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