In the medium term, we noticed that Ethereum doesn't have force to continue up above to $600 USD. So guys, you will need to still alert of any bearish scenario, because I can to see two support: $490 USD and $440 USD.
Now, vey important it's to have this plan in case that Ethereum show more bearish signal in Daily or H8 or H4 timeframe. My reccomendation if you want to get benefit of this short position don't trade H1, trade H4 chart or above.
Also, noticed that in 3 Daily chart in the RSI I mark the red horizontal line that mean sell signal and also, we can to see a sell signal in Ethereum that we would need to know this secret information to accumulate more Ethereum!!!
Ethereum it's one of my cryptocurrency favortie!!!
And then, in weekly timeframe, we see more bearish scenario that Fibonacci mark a possible correction toward the 0.382% and 0.618% of Fibonacci. and also we see a bearish divergence in the RSI too!!!
What do you think about this analysis? Can this analysis support you and have any plan for bear scenario?
Now, vey important it's to have this plan in case that Ethereum show more bearish signal in Daily or H8 or H4 timeframe. My reccomendation if you want to get benefit of this short position don't trade H1, trade H4 chart or above.
Also, noticed that in 3 Daily chart in the RSI I mark the red horizontal line that mean sell signal and also, we can to see a sell signal in Ethereum that we would need to know this secret information to accumulate more Ethereum!!!
Ethereum it's one of my cryptocurrency favortie!!!
And then, in weekly timeframe, we see more bearish scenario that Fibonacci mark a possible correction toward the 0.382% and 0.618% of Fibonacci. and also we see a bearish divergence in the RSI too!!!
What do you think about this analysis? Can this analysis support you and have any plan for bear scenario?
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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.
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.