Ethereum / BitcoinShort
ETHBTC 3h short/ pullback
Updated
The 3H ETHBTC chart show some interesting divergences.
There is a bearish jeddingen divergence - price is rising while momentum is falling. This could indicate a trend reversal or at least a pullback to the weekly pivot.
And then there is a long-term divergence of price vs. RSI: ETHBTC seems to be in a solid uptrend since a few weeks - it's showing constantly higher-lows. On the other hand, RSI is showing lower highs as shown by the trendline. This could be an additional confirmation that the trend might reveres or at least pulls back a little bit before the uptrend continues.
There is a bearish jeddingen divergence - price is rising while momentum is falling. This could indicate a trend reversal or at least a pullback to the weekly pivot.
And then there is a long-term divergence of price vs. RSI: ETHBTC seems to be in a solid uptrend since a few weeks - it's showing constantly higher-lows. On the other hand, RSI is showing lower highs as shown by the trendline. This could be an additional confirmation that the trend might reveres or at least pulls back a little bit before the uptrend continues.
Trade closed: target reached
Target was hit as predicted!
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