ETH/USDT - Bullish divergence!

ETH/USDT - Binance

For this graph, We use Elliott Triangle Wave (ABCDE)  and TRENDLINE tools on MacD below.

On this graph, we saw a possible bullish divergence


Verdict:

We open risk, Good buy at $170

Stop loss at $160 as long BTC won't go below 8k. It's good to buy

First target $180 - $190 - $200


bullish divergence occurs when prices fall to a new low while an oscillator fails to reach a new low. This situation demonstrates that bears are losing power, and that bulls are ready to control the market again—often a bullish divergence marks the end of a downtrend

You can check it here


https://www.tradingview.com/chart/ETHUSDT/zfKTgcbP-ethusdt-binance-bullish-divergence/


Remember TECHNICAL ANALYSIS is all about probabilities and based on previous market performance(not all about certainty)

Disclaimer: This is for educational purposes,it is not intended as a financial advice.

The analyst won't be responsible for a loss of fund. Trader should be able to manage risk.



#Trend Analysis

#Chart Patterns

#Wave Analysis

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Thanks a lot!

COMMENT

22

Sincere Helper
21 Oct

Ethereum is a good and solid asset which I recommend to must safe in your wallet.

1 REPLY

17

Bitcoin Bee Reporter
21 Oct

Indeed ethereum is good most especially for the developers :)

1 REPLY

23

preview not available Romana Grubesic
22 Oct

Clean  and clear! Love it. What do you expect if btc breaks support at aprox. 6100? 

0 REPLY

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