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danishahmed
Nov 14, 2020 6:26 AM

ETH can take a correction here Short

BINANCE:ETHUSDT240
Ethereum / TetherUSBinance

Description

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Bearish Divergence and rising wedge. Here I can take a short position on ETH. But remember to apply caution and use SL.

Trade closed: stop reached

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Technical IndicatorsEthereum (Cryptocurrency)ethereumforecast
Comments
travisty305
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has not reached upside target yet, interesting trade, lots of heavy support there tho, good luck thanks for sharing
danishahmed
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@travisty305, thank you
stanketa
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On macd bullish continuation current at the moment. Let's see, it worked for gold yesterday...
danishahmed
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@stanketa, Agree
stanketa
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@danishahmed, upward movement is already passed actually. Still amazing how macd divergence on histogram works 100% while crossing macd and signal line void, especially during corrective moves...
danishahmed
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@stanketa, I think bulls might take a rest here and after some correction we would be back to bullish view again. Eth 2.0 is making good hype nowadays and lot of new players have also added to the market. high excitement often push prices too high and it favor some correction in market.
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