ETH bearish divergence, correction ahead Short

Ethereum / DollarBitfinex

Description

⋅ May 3, 2018 7:01 AM

Bearish divergence across indicators. At a place where correction hasn't taken place after 100% growth ---> correction ahead

Comment

⋅ May 3, 2018 9:59 AM

what'll happen to this flag?

Comment

⋅ May 3, 2018 9:59 AM

Comment

⋅ May 5, 2018 10:42 AM

looks like the dump will come only after the SEC hearing

Trend Analysis Chart Patterns

Comments

Drewskickinit

⋅ May 3, 2018 7:05 AM

You're gonna short Ether when it just broke out of a Symetrical triangle.

majorlee

⋅ May 3, 2018 10:45 AM

market changes so quickly, be kind folks

Surg3on

⋅ May 3, 2018 7:15 AM

I’d be thinking the opposite... seems to be the other way around. Although I can see how your TA highlights the bearish pattern. I would be going long on this especially with the SEC hearing in a few days...

majorlee

⋅ May 5, 2018 10:56 AM

@Surg3on, certainly went well for ETH!

majorlee

⋅ May 5, 2018 10:56 AM

yeah saw it diving before the move up, my early divg indy going off like mad on 1hr chart for ETH/USD

could go 900+ or -700