timj
Short

Short ETH or take profits - Bullish Divergence

BITFINEX:ETHUSD   Ethereum / Dollar
If you are suffering FOMO over the ETH runup in price don't worry - there is some indication that we are due for a correction due to the major RSI bullish divergence here. ETH continues to make higher highs but the RSI is making lower lows. Basically, a true warning that if you caught this last wave you might want to take profits and run and for those that didn't - worry not. Wait till it hits the EMA 50 or 20 again before thinking about buying in.
Kommentar: ETH down around 9% - correct analysis
Kommentar: I was incredibly right. If you didn’t sell like I recommended - how does it feel?
Sorry for the noob question, how do I look for where the EMA 50 or 20 on this chart?
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Sorry this is bearish divergence not bullish. Excuse the typo.
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I think you meant "bearish divergence"
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timj PRO evanrosshackler
@evanrosshackler, You are correct - I was in a hurry to post this - you are correct.
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