ansfar

Short Term Bearish Idea _ ETHERIUM H4 _ 31-05-2022

Long
ansfar Updated   
COINBASE:ETHUSD   Ethereum / U.S. Dollar
1- Price action is moving down and has rebound from a strong support zone .
2- Bullish divergence between the last swing lows BD’.
3- Double bottom coupled with Bullish Divergence .
4- One can also identify Volume Divergence.
5- As long as the Double Bottom holds my view remains Bullish .
Target is 38.2% FR of the last leg.
Stoploss is same safe distance below the double bottom .
Comment: SL Hit
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.