ETH/USDT short opportunity !! Bearish divergence appeared for BINANCE:ETHUSDT by vf_investment

The live Ethereum price today is $3.436,29 USD with a 24-hour trading volume of $ USD, -0,15% in the last 24 hours.
After its bullish momentum ETH seems approaching now a significant correction, as the price has already hit the upper level of Keltner channel on 4h timeframe. Historically after such a bullish momentum, price usually starts its rally to the downside, ranging between the trend line and the lower level of Keltner channel. Also indicators are pointing out to a possible decrease, in fact a bearish divergence has been spotted, as shown by the black lines.

MACD is looking bearish , below the trendline, RSI is 50, buying volumes are decreasing and RSI divergence is still under 0. For all these reasons I highly expect the short position to play out. In order to enter the position, wait for the bearish fractal to appear (green triangle). A bearish fractal occurs when there is a high point with two lower high bars/candles on each side of it. The indicator isolates potential turning points on a price chart and signals the price could move lower.

The entry point corresponds to 0.236 Fibo level and all the targets corresponds to previous resistance, as well as to 0.382, 0.5, 0.618 and 0.786 levels which all have almost perfectly predicted support and resistance zone historically.

ENTRY PRICE: > 3.450 $
TARGETS: $ 3.300-3.200 / 2.800 – 2.700 / 2.450 / 2.200 / 1.900-1.800 /
STOPLOSS: $ 3.900



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