Ethereum Short Term Sell Idea With Two Possible Scenarios
Updated
H1 - Bearish trend pattern.
Currently it looks like a correction is happening.
Bearish hidden divergence.
There are two possible scenarios here:
Scenario 1 - I expect the price to move lower from the current zone.
Scenario 2 - Alternatively if the price moves higher then the next area to look for sells with bearish evidences would be the strong resistance zone.
Currently it looks like a correction is happening.
Bearish hidden divergence.
There are two possible scenarios here:
Scenario 1 - I expect the price to move lower from the current zone.
Scenario 2 - Alternatively if the price moves higher then the next area to look for sells with bearish evidences would be the strong resistance zone.
Comment
The price action followed my analysis and moved as per scenario 1. The price moved lower from the current zone and delivered an excellent move to the downside until it was blocked by a bullish divergence.
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