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qwerty123asd
May 13, 2021 1:40 AM

ETH is bearish Short

Ethereum / U.S. dollarBitstamp

Description

Trendline break, rsi bearish divergence, double top pattern (bearish)
Comments
ASaidH01
Correct me if I am wrong, but wouldn’t the RSI divergence be more or a hidden bullish divergence?
qwerty123asd
@ASaidH01, Lower lows for rsi while price is going up is hidden bearish divergence.
j_bones
Expect Ethereum reaches strong support at 3,550. Great buy opportunities if it come below 3,700
Black_Sheep1
do you think we will re-test 4200?
qwerty123asd
@Black_Sheep1, if btc can consolidate here I do think it will bounce back up to 4100-4150 before dipping again. Might make a
h&S pattern
j_bones
@Black_Sheep1 good chance 4,200 range will provide profits and a sell off, pushing Eth to strong support around 3.5 3.6k. IMO- at 3.7 if reached I will start averaging into Eth long term position. Happy investing
Black_Sheep1
@j_bones, I have had 10 ETH since June of Last Year, Gonna take some profit and rebuy at the dip, I appreciate the info
qwerty123asd
@Black_Sheep1, tops in
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