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Descendentriangle

Ethereum show bearish divergence in H4 timeframe; Daily chartEthereum was into this descendent triangle and then, was broke down in the past hours and right now it's make a pull back to then, continue the drop toward these 2 levels: $520 USD and $490 USD as point to take profit. Now, very important it's to understand the key price action in Daily chart. Because the past candlestick was complete bearish and that show an indication that bulls are weakness and bears are here defending the $600 USD as resistance strongest in 3 occasions. In this screenshoot are the anatomy of the chart and we see that Ethereum it's into the higher zone. So, a good point it's that Etherum could reach down to the key support trend line from May 2020. And finally, we are into the correction #4 in the elliot wave analysis and it's so nice!!! So, in summary we see bearish divergence in H4 and Daily using the RSI and MACD, and also the price action strategy!!! So guys, at the moment I entry in short position around of $593 USD with a SL at $613 USD and then, my targets will be $520 USD and $490 USD
COINBASE:ETHUSDShort
by harisonhbn9718
U.S. Dollar is crazzy: Sell U.S. Dollar for FED plansHello, in this analysis, it's much interesting what I see. First, in the past analysis, I will going to cancel and closed up all long position, it's not yet to buy U.S. Dollar, we are continue drop, not up Now, in H4 timeframe we was in this bearish triangle descendent, that make a higher lower and the equal lower equal the previously lower, that is a distribution zone to sell US Dollar. Guys, its very sad how the US economic is suffer its depression and devaluation of our Federap World currency, now this scenario in H4 is so bearish, I put a short position in the $0.9060 and the SL at 44 pips above of my short entry price and the take profit over +250 pips between this week and the past week its could be the trayectory, also, you can to entry in sell position until we leave at the down side of $0.87. We could to get profit for this awesome par. In Daily we are so bearish Are you know this blue zone, we are near to down side to the monthly timeframe and we lead of it, nos this is one of the screenshoot that better I see it to find down the one of the minimun of the year of 2015, that for this year I was studied in my high school and the end to graduated and find up my High School Diploma in this year. But if you get it, we could to expect a pull back and make another elliot wave analysis to complete it.
Short
by harisonhbn9718