ETHUSD Short Opportunity - H4 VIEW - 31/1/2021
Hello traders !
As you can see,price is consolidating in a Rising Wedge pattern and is retesting its weekly resistance level. I expect price to fall to its support trendline. From D1 TF you can see RSI divergence. Here I expect two scenarios.
1) Price will bounce and ETHUSD will rise again.
2) Price will break through and will continue falling.
I prefer the second scenario because it also fits with my weekly analysis (Link Below).
Thank you for reading !
As you can see,price is consolidating in a Rising Wedge pattern and is retesting its weekly resistance level. I expect price to fall to its support trendline. From D1 TF you can see RSI divergence. Here I expect two scenarios.
1) Price will bounce and ETHUSD will rise again.
2) Price will break through and will continue falling.
I prefer the second scenario because it also fits with my weekly analysis (Link Below).
Thank you for reading !
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