Ethereum Weekly bearish divergence

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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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

Comment:

Comment:

Trade active:

blob, bouncy bounce in zone as expected