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When we see divergences, we should be cautious when trading in the direction of the trend and look for countertrend reversal trades.
How to identify deviation?
When the price is making lower lows, the MACD (or RSI) will show higher highs = divergence. (vice versa)
We can see that we have divergence on a major bearish wave indicating that a reversal is coming soon. We also have divergence at the current 5th bearish leg, which also shows that a reversal is coming soon.
We are currently in the last leg of this bearish wave. We are looking for one more correction before starting the next bull run.
Please note that the above trade setup is a short trade. The big trade would be the reverse trade. Will update this chart when ready!
See below for some of our previous ETH/USDT analyses.
Remember:-This is not a piece of financial advice. All investment made by me is at my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade.
Thanks for your time, we hope our work is good for you, and you are satisfied, we wish you a good day and big profits.
THANK YOU.
When we see divergences, we should be cautious when trading in the direction of the trend and look for countertrend reversal trades.
How to identify deviation?
When the price is making lower lows, the MACD (or RSI) will show higher highs = divergence. (vice versa)
We can see that we have divergence on a major bearish wave indicating that a reversal is coming soon. We also have divergence at the current 5th bearish leg, which also shows that a reversal is coming soon.
We are currently in the last leg of this bearish wave. We are looking for one more correction before starting the next bull run.
Please note that the above trade setup is a short trade. The big trade would be the reverse trade. Will update this chart when ready!
See below for some of our previous ETH/USDT analyses.
Remember:-This is not a piece of financial advice. All investment made by me is at my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade.
Thanks for your time, we hope our work is good for you, and you are satisfied, we wish you a good day and big profits.
THANK YOU.
