Short

RED ALERT: Hidden bear div formed on ETH 240

Updated

I am now bearish on ETH. Expect some forceful beating coming. RED is on the way. As usual, this is a trade idea and not a recommendation to buy/sell or take up any position in the aforementioned securities.

Disclaimer: This is not trading advice but I have sufficient reason to believe ETH is heading down in the next 24 hours. Please trade your own convictions and good fortune to you all.

Trade closed manually

Daily RSI is in the gutter, we have a 2% discount from when I entered this position, BTC and ETH both looking skyward, it feels odd to be short. I must go neutral on this now. Looking at the daily charts, there seriously is a bull case so take your pick. Divergence or not, I cannot accurately make the bear case.

brpatel

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