#ETH breaks 200- DMA with Bearish Divergence..False Breakout? Short

Ethereum / DollarBitfinex

Description

⋅ Apr 4, 2022 5:58 AM

#Etheruem on last daily close has broken 200 MA upwards. But there is bearish divergence visible on RSI & MACD Histogram.

Are you bullish or Bearish?

My take is that it is a false break out

Comments

cieve

⋅ Apr 4, 2022 9:11 AM

If we close below 3475 in 2d 15h (24d timeframe) then I am expecting a resumption of the bear trend for several more months.