Are Ethereum's Bulls trapped with no ammunition?
PRICE ACTION
Starting with the 5m chart; we can see that price is slightly overbought. Add to this that price is forming a lower high at present – and bulls really need to find some fresh capital to keep any chances of recovery alive.
On the 4H chart, price is still being supported just above the $160 zone, where a likely rising trend line will be. This also ties in with the 1D chart where the 28D MA is currently $165. The more time that price spends in this area; the move likely that a volatile movement will occur – and without fresh capital it is probably going to be a bearish movement.
OPEN INTERESTS (BITFINEX)
Long: 2.00 Days
Short: 0.34 Days
RELATIVE STRENGTHS
ON BALANCE VOLUME
KEY PRICE AREAS
Resistance: 180, 190, 195
Support: 165 (28D MA), 160, 155
PREVIOUS ANALYSIS
Starting with the 5m chart; we can see that price is slightly overbought. Add to this that price is forming a lower high at present – and bulls really need to find some fresh capital to keep any chances of recovery alive.
On the 4H chart, price is still being supported just above the $160 zone, where a likely rising trend line will be. This also ties in with the 1D chart where the 28D MA is currently $165. The more time that price spends in this area; the move likely that a volatile movement will occur – and without fresh capital it is probably going to be a bearish movement.
OPEN INTERESTS (BITFINEX)
Long: 2.00 Days
Short: 0.34 Days
RELATIVE STRENGTHS
- Micro (5m): Slightly overbought
- 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
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.