without_worries

Eth vs USD - Hidden bearish divergence

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BITFINEX:ETHUSD   Ethereum
On the daily chart there is a hidden bearish divergence (orange lines). HBD is defined as lower lows in price action with higher highs in the oscillators.

Additionally price action has entered the Gaussian strip following a bullish period, just as in March of this year. (orange circles)

The two targets on the daily chart I'm looking out for are:

1) $285

2) $210

I'm aware the 21-weekly EMA is higher but that does not mean price action cannot fall through as before in March during the week.
Komen:
Correction - should have read:

"HBD is defined as lower highs price action with higher highs in the oscillators"

BTC
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Allow 3-6 months on ideas. Not investment advice. DYOR
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