Look at pattern numbers 1,2,3. They are 4 hour candle close lines that caused the first ethereum dump a week ago.
Now look at 4,5,6. They are the same 4 hour candle close pattern except a level lower. It looks identical.
The visible range has a very high volume node exactly where ethereum is right now at 1980$. This indicates that a dump could actually happen from here.
Pattern 1,2,3 had hidden bearish divergence on the 4 hour macd and the RSI.
Pattern 4,5,6 has hidden bearish divergence on the 4 hour macd(macd has double hidden bearish divergence) and the RSI (RSI has double hidden bearish divergence).
I was bullish on ethereum a couple days ago and made some profit. I am now out of the market. I thought this was going to be a bullish cypher and it's not. It's going to dump down to probably 1700$.
Get out of the market! Run! It's a CARSH incoming!
Good luck.
Now look at 4,5,6. They are the same 4 hour candle close pattern except a level lower. It looks identical.
The visible range has a very high volume node exactly where ethereum is right now at 1980$. This indicates that a dump could actually happen from here.
Pattern 1,2,3 had hidden bearish divergence on the 4 hour macd and the RSI.
Pattern 4,5,6 has hidden bearish divergence on the 4 hour macd(macd has double hidden bearish divergence) and the RSI (RSI has double hidden bearish divergence).
I was bullish on ethereum a couple days ago and made some profit. I am now out of the market. I thought this was going to be a bullish cypher and it's not. It's going to dump down to probably 1700$.
Get out of the market! Run! It's a CARSH incoming!
Good luck.
Comment:
Something else to notice. The two trendlines? The 1,2,3 and the 4,5,6 trendlines?
They are parallel to each other. Perfectly parallel. How neat. Another sign to me that this is actually happening how I think it will.
They are parallel to each other. Perfectly parallel. How neat. Another sign to me that this is actually happening how I think it will.
Comment:
For the record I could see ethereum coming down to 1000/1100$. This may be very brutal.
Hidden bearish divergence means oscillators went higher and the price went lower. It happens during downtrends when the trend is pausing and about to continue going downward.
Notice the two yellow lines? Notice they are upslanted? Notice price went down when those lines went up? That's hidden bearish divergence. The trend will continue!