Ethereum Weekly bearish divergence
Diupdate
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
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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 Catatan
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