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TradingClue
Sep 21, 2017 3:18 PM

ETHUSD 1h long, bullish Divergence of Price vs. Momentum Long

Ethereum / DollarBitfinex

Description

On the ETHUSD 1H chart, there is a bullish Divergence of Price vs Momentum, indicated by my "Jeddingen Divergence" Study.
Price might rise at least to the resistance line at 287.53

Trade closed: target reached

Target reached - but to be honest, this was probably only luck.
The divergence disappeared while I was writing the trading idea and price went in th wrong direction immediately. Luckily finally price was rising to the profit target.
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