It is very hard to believe but... nothing is impossible in the crypto space.
Note
I'm still bearish on Ethereum however it is not the moment to enter a short position. Look at the bullish divergence on the daily timeframe. RSI is still in the oversold territory.Trade closed manually
I closed my short position. I will probably short later but I was not confident anymore with my position.Note
Bulls are very weak(a) Ethereum cannot maintain its price above Kijun Sen
(b) Chikou Sen is now free from any support
Note
The green line is Chikou Span, not Chikou Sen
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.