Ethereum Will Follow Bitcoin Down Short

Ethereum / U.S. dollarBitstamp

Description

⋅ Oct 27, 2021 3:26 PM

The bearish divergence on the ETHUSD (Ethereum) chart has been present since August.

The 21 and 27 October candles both closed bearish with long upper wicks.

We have a rising wedge that is also breaking bearish and prices moving below EMA10.

Ethereum will follow Bitcoin on the way down.

This chart is telling us that prices can easily continue lower.

Looking at the recent action, this can be a considerable drop.

I believe this will go fast and strong.
Something like 7-Sept.

You can visit my Bitcoin analysis on the "related ideas" below for additional information.

Thank you for reading.

Namaste.

Comments

Cryptomania2363

⋅ Oct 28, 2021 9:46 AM

😂😂😂🙈🚀. rekttttt

tradingzebras

⋅ Oct 28, 2021 7:41 PM

Looking more like a bear trap at the moment, but you are usually right, so too early to say ;)

AlanSantana

⋅ Oct 28, 2021 7:50 PM

@tradingzebras, Today's candle looks really strong... Agreed, it needs time but the signals I pointed out here can be easily invalidated with such bullish action.

kimstandgraph

⋅ Oct 28, 2021 3:08 AM

Great idea

TrumpMakeBitcoinGreatAgain

⋅ Oct 27, 2021 5:23 PM

pleb

Crypto_Saint_

⋅ Oct 27, 2021 3:40 PM

Thank you for the confirmation

Gunslinger2005

⋅ Oct 28, 2021 10:42 AM

was my most recent

ForexTrendline

⋅ Oct 28, 2021 5:45 AM

interesting perspective