EthereumShort
Is Ethereum suffering from Long Weekend blues?
PRICE ACTION
The 28D MA is at $164.76; so, expect support here – which is the same trend line that generated the recovery on 15-April. Additionally, the 4H chart is leaning into oversold RSI territory off the based on a Bearish Divergence pattern.
Volume is garbage! – both sides of the market are unwilling to make any moves of scale; so, this is a watch and wait setup.
The 5m chart is showing both lower highs and lower lows; which supports the foundations for the active short position.
OPEN INTERESTS (BITFINEX)
Long: 2.00 Days
Short: 0.35 Days
RELATIVE STRENGTHS
ON BALANCE VOLUME
KEY PRICE AREAS
Resistance: 180, 190, 195
Support: 165 (28D MA), 160, 155
PREVIOUS ANALYSIS
The 28D MA is at $164.76; so, expect support here – which is the same trend line that generated the recovery on 15-April. Additionally, the 4H chart is leaning into oversold RSI territory off the based on a Bearish Divergence pattern.
Volume is garbage! – both sides of the market are unwilling to make any moves of scale; so, this is a watch and wait setup.
The 5m chart is showing both lower highs and lower lows; which supports the foundations for the active short position.
OPEN INTERESTS (BITFINEX)
Long: 2.00 Days
Short: 0.35 Days
RELATIVE STRENGTHS
- Micro (5m): Weak
- Short Term (4h): Bearish Divergence
- Mid Term (1D): Lower High
- Macro (1W): Hidden Bearish
ON BALANCE VOLUME
- Mid Term (1D): Falling
- Macro (1W): Flat
KEY PRICE AREAS
Resistance: 180, 190, 195
Support: 165 (28D MA), 160, 155
PREVIOUS ANALYSIS
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.