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magimuffin

Short ETH on 4 hour (Hidden Bearish Divergence) Target $136-$139

Short
Ethereum (BITFINEX:ETHUSD)  
magimuffin  
BITFINEX:ETHUSD   Ethereum
Fibonacci Candlestick Analysis Elliott Wave Cryptocurrency ETH ETHUSD cryptotrader cryptotrading crypto elliottwaveprojection Ethereum (Cryptocurrency)
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fibonacci candlestick elliottwaves cryptocurrency eth ethusd cryptotrader cryptotrading crypto elliottwaveprojection ethereum
Support for Hypothesis:
  • Hidden Bearish divergence on Chart and RSI
  • Declining MACD
  • Bearish Engulfing Red candles, with a Huge bear wick reaching for the stars ;)
  • RSI now in a descending channel
  • Volume LARGELY above average on 4 hour
  • Elliot Wave 5 wave structure due for ABC correction

What do you think? LMK ;)
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