Is Ethereum on a sugar high?
PRICE ACTION
Starting off the week, ETHUSD showed signs on a Head & Shoulders; albeit with a warped right shoulder. However, with todays recovery across the markets – its fair to rule out this as a possibility now.
$175-180 is still relatively resistive; however with the OBV creeping up – it suggests that bulls are taking the opportunity to sell off rather than this creating a bearish case. Without a solid strategy; I wouldn’t be interested in trading this chart right now...
OPEN INTERESTS (BITFINEX)
Long: 2.08 Days
Short: 0.31 Days
RELATIVE STRENGTHS
ON BALANCE VOLUME
KEY PRICE AREAS
Resistance: 180, 190, 195
Support: 164 (28D MA), 160, 155
PREVIOUS ANALYSIS
Starting off the week, ETHUSD showed signs on a Head & Shoulders; albeit with a warped right shoulder. However, with todays recovery across the markets – its fair to rule out this as a possibility now.
$175-180 is still relatively resistive; however with the OBV creeping up – it suggests that bulls are taking the opportunity to sell off rather than this creating a bearish case. Without a solid strategy; I wouldn’t be interested in trading this chart right now...
OPEN INTERESTS (BITFINEX)
Long: 2.08 Days
Short: 0.31 Days
RELATIVE STRENGTHS
- Micro (5m): Flat
- Short Term (4h): Bearish divergence (maybe)
- Mid Term (1D): Chop
- Macro (1W): Hidden Bearish
ON BALANCE VOLUME
- Mid Term (1D): Flat
- Macro (1W): Flat
KEY PRICE AREAS
Resistance: 180, 190, 195
Support: 164 (28D MA), 160, 155
PREVIOUS ANALYSIS
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.