Ethereum Weekly bearish divergence
Updated
Hey everyone,
it´s been a while since I posted some public updates on major cryptocurrencies so here is one.
Today after such vollatility and bearish sharp claw on lower time frames I just wanted to point out forming bearish divergence on the Weekly chart for ETH/USD pair.
4K support should not be broken (Weekly closing) in next weeks to invalidate this possible bearish scenario, otherwise 3-2.000 USD range correction is in the cards.
Keep also in mind that ETH is up aprox. 5500% since Mar 2020 when it formed double bottom and found a support at 100 USD
This could be a beggining of next greed cycle
ChaChain
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Disclaimer:
I´m not registered or licensed in any jurisdiction whatsoever to provide investing advice or anything of an advisory or consultancy nature, and therefore I´m unqualified to give investment recommendations. Always do your own research and consult with a licensed investment professional before investing. This communication is never to be used as the basis of making investment decisions, and it is for entertainment purposes only.
KEYWORDS
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it´s been a while since I posted some public updates on major cryptocurrencies so here is one.
Today after such vollatility and bearish sharp claw on lower time frames I just wanted to point out forming bearish divergence on the Weekly chart for ETH/USD pair.
4K support should not be broken (Weekly closing) in next weeks to invalidate this possible bearish scenario, otherwise 3-2.000 USD range correction is in the cards.
Keep also in mind that ETH is up aprox. 5500% since Mar 2020 when it formed double bottom and found a support at 100 USD
This could be a beggining of next greed cycle
ChaChain
-------------
Disclaimer:
I´m not registered or licensed in any jurisdiction whatsoever to provide investing advice or anything of an advisory or consultancy nature, and therefore I´m unqualified to give investment recommendations. Always do your own research and consult with a licensed investment professional before investing. This communication is never to be used as the basis of making investment decisions, and it is for entertainment purposes only.
KEYWORDS
ETH, Ethereum, Ether, R:R, money management, risk, reward, technique, style, trading, bitcoin , bitcointrading, profitable trading, profittrading, profit trading, secret, divergence, bull divergence, bear divergence, divergencetrading, divergence trading, trading strategy, how to trade bitcoin , bitcoin trades, bitcoin trading, make profit, take profit, trading strategy, trading technique, successful, successful trader, successful technique, successful strategy, successful secret, how to trade, trend analysis, technical analysis , indicators, rsi , relative strenght index, let it rain, successful life, easy strategy, easy trading, easy technique, make money, crypto investing, investing, crypto, cryptocurrency, cryptocurrencies, mentoring, money, chartart, beyond technical analysis
Trade closed manually
ETH lost 45% in last 50 Days since I posted this chart. It is nearing to strong support zone so a bounce should be on the table Note
Note
Trade active
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