This Ethereum bearish divergence isn't perfect; but...steemCreated with Sketch.

in #ethereum2 years ago

This Ethereum bearish divergence isn't perfect; but there are few other issues which may make you wonder of a short, like me:

ETHUSDT_2022-09-03_14-28-22.png

  1. it's same direction with weekly bearish divergence!

  2. it has a little risk (close stop loss)

  3. the wedge would be more beautiful to break above, but it seems more like an endless pullbacks (more than 20 candles trapped in this trading channel)

  4. there are more red bars in the range, and they are getting bigger!

so why shouldn't I risk a $1670 stop loss for a $1300 probable target?

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