This Ethereum bearish divergence isn't perfect; but...

By Emad | honarparvar | 3 Sep 2022


This Ethereum bearish divergence isn't perfect; but there are few other issues which may make you wonder of a short, like me:

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1. it's same direction with weekly bearish divergence! 

2. it has a little risk (close stop loss)

3. the wedge would be more beautiful to break above, but it seems more like an endless pullbacks (more than 20 candles trapped in this trading channel)

4. there are more red bars in the range, and they are getting bigger!

so why shouldn't I risk a $1670 stop loss for a $1300 probable target?

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Emad
Emad

youtuber, business developer and Crypto enthusiast


honarparvar
honarparvar

Writing is my addiction!

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