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ETHUSD H4: 3 DRIVES with RSI DIV (BEARS)(SL/TP)

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COINBASE:ETHUSD   Ethereum
ETHUSD H4: 3 DRIVES with RSI DIV (BEARS)(SL/TP)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
Tagged as SHORT because this is a speculative
BEARISH 3drives pattern.


🔸 Summary and potential trade setup
::: ETHUSD 4hour chart review/outlook
::: speculative 3 drives pattern setup
::: bearish pattern setup
::: 3rd drive near 1600 USD
::: traders should watch out for the
::: PRICE/RSI10 div on H4 TF to confirm
::: H4 close below 1050 invalidates pattern
::: have to be careful going forward
::: recommended strategy: SHORT 1600USD
::: SL 1750USD TP1 1000USD TP2 800USD
::: SHORT INTO 3rd drive near 1600USD
::: if someone thinks that ETH can only
::: go UP please review chart on right
::: it's anniversary of a 50%+ DUMP SOON
::: ETHUSD sold off 50%+ 15th FEB - 15th MAR 2020
::: so recommend to be extra careful next few
::: weeks as price is very unstable near ATH
::: short-term bullish / more gains likely
::: overbought / so expecting correction
::: good luck traders!
::: SHORT IT and get paid. period.
🔸 Supply/Demand Zones
::: N/A
::: N/A
🔸 Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment mid-term: BEARS/PULLBACK/800USD
::: Sentiment outlook short-term: BULLS

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