it´s been a while since I posted some public updates on major cryptocurrencies so here is one.
Today after such vollatility and bearish sharp claw on lower time frames I just wanted to point out forming bearish divergence on the Weekly chart for ETH/USD pair. 4K support should not be broken (Weekly closing) in next weeks to invalidate this possible bearish scenario, otherwise 3-2.000 USD range correction is in the cards.
Keep also in mind that ETH is up aprox. 5500% since Mar 2020 when it formed double bottom and found a support at 100 USD
This could be a beggining of next greed cycle
ChaChain ------------- Disclaimer: I´m not registered or licensed in any jurisdiction whatsoever to provide investing advice or anything of an advisory or consultancy nature, and therefore I´m unqualified to give investment recommendations. Always do your own research and consult with a licensed investment professional before investing. This communication is never to be used as the basis of making investment decisions, and it is for entertainment purposes only.
so shouldn't buy the dip now but wait until next Friday December 17th to get a confirmation if it breaks the 4k support or not, right? Thanks
ReeeBeee
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Dude! I really like your style. Totally understand it all as it aligns with my methods of old school correlation techniques. Keep up the good work , nice and clear, funny and spot on! Thank you!!!
kev_homealone
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Check on this chart divergence 19 Jun 2017 - 28 august 2017 and watch what happened in next months :) I think we are in the same situation now.
majorlee
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did one for ETH/BTC few days back, this will play out nicely for another few pivots
majorlee
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nice one dude, been a while, seeing less and less ETH on the exchanges, getting scarce but love some cheaper ETH always xx