The actual slope of this pair is the blue fork which is the result of the analysis in daily timeframe, but for a short term aspect of the price, we have the current green fork which is for 4h timeframe, as i have seen previously, when a fork reaches to it's median line and zooms through it but never make it to the MLL (Median Line Low) and comes back up the median line again, it's a clear hagopian rule so the price with 80% probablity should reach MLH (Median Line Low), In this case we are likely to reach the green fork upper line soon but why should i bounce? well the bearish move was strong enough to break the Median line but not enough to go to MLL why not a second try? i actually conecide with a supply zone, of course the last valid swing high that can actually stop the price will be at 4495.10 so the price can easily climb up there and fail the green fork, if the green fork works we can expect it to go down to ML again since it has the juice already, but if it failed then you can expect ETH to be at ~ 5.5K as the purple fork will be the active slope of the 4h timeframe (the next energy point is where we expect the price to go)
to summerize, we actually need to wait for the green fork, if it succeed then we can trade it, if not we can trade with purple or blue fork
We'll update ya if i saw a trade
to summerize, we actually need to wait for the green fork, if it succeed then we can trade it, if not we can trade with purple or blue fork
We'll update ya if i saw a trade
