I am now bearish on ETH. Expect some forceful beating coming. RED is on the way. As usual, this is a trade idea and not a recommendation to buy/sell or take up any position in the aforementioned securities.
Disclaimer: This is not trading advice but I have sufficient reason to believe ETH is heading down in the next 24 hours. Please trade your own convictions and good fortune to you all.
Trade closed manually
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Daily RSI is in the gutter, we have a 2% discount from when I entered this position, BTC and ETH both looking skyward, it feels odd to be short. I must go neutral on this now. Looking at the daily charts, there seriously is a bull case so take your pick. Divergence or not, I cannot accurately make the bear case.