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May 9, 2021 12:45 PM

ETHUSD bearish RSI divergence Short

Ethereum / DollarBitfinex

Description

ETHUSD reached almost 4k$, a psychological number. The RSI is showing a bearish divergence.
BTC could not retest 60k$ and should drawdown to expect a new retest later.
We already closed profits in other trade for ETH.
So looking now for a short till Fib 0.618 & support trendline towards the 2500-2600$.

Comment

Fib 0.618 around 3200$ reached (wrong done on this chart snapshot)

Trade closed: target reached

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