Ethereum seems to have completed its five-wave impulsive in the PRZ(Price Reversal Zone) after breaking the trend line.
ðTo confirm the end of wave 5, I can point to two divergences.
1- We can see the divergence between Price and Volume.
2- Regular Divergence(RD-) is also seen in the RSI indicator (it seems Ethereum is making a descending channel at 4h timeframe, Also, it reacts to the upper line of descending channel well).ð
Also, Ethereum will likely experience a sharper fall if Bitcoin falls, as ETHBTC will look bearish.ð
Ethereum Analyze ( ETHUSDT ) Timeframe 4Hâ°.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy, this is just my idea, and I will be glad to see your ideas in this post.
Please do not forget the â ' like'â button ðð & Share it with your friends; thanks, and Trade safe.
ðTo confirm the end of wave 5, I can point to two divergences.
1- We can see the divergence between Price and Volume.
2- Regular Divergence(RD-) is also seen in the RSI indicator (it seems Ethereum is making a descending channel at 4h timeframe, Also, it reacts to the upper line of descending channel well).ð
Also, Ethereum will likely experience a sharper fall if Bitcoin falls, as ETHBTC will look bearish.ð
Ethereum Analyze ( ETHUSDT ) Timeframe 4Hâ°.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy, this is just my idea, and I will be glad to see your ideas in this post.
Please do not forget the â ' like'â button ðð & Share it with your friends; thanks, and Trade safe.
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