ETH/USD Bullish Divergence in Downtrend

Hi traders,

The ETH/USD is bearish but the price and the MACD show a regular bullish divergence. For bullish setups, the price needs to break the green trend line.

If we see a 4h close above the green trend line (app 435.00), the ETH/USD could go towards the POC zone. The POC zone 470-487 should provide further selling towards a retest of 417. If the price breaks the last lower low 403.70, next targets are 398.24 and 367.16. At this point watch either a trend line break towards the POC or a break below the last low before the POC is hit. That’s how you trade the divergence.

Many green pips,
Nenad Kerkez aka Tarantula FX
Elite CurrenSea

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