Why are traders exiting Ethereum?
PRICE ACTION
RSI is currently in lockstep with price action; which is a divergence to the BTC action. Outside of a few individual candles; the 4H volume have been relatively consistent since the upward breakout; however, when the OBV is reviewed; the volume appears to be selling out of the trade (market sell).
28D MA is about to cross above the 13W MA; however with the 1D RSI being overbought – it would appear similarly likely to create a rejection and a retrace back down.
OPEN INTERESTS (BITFINEX)
Long: 2.84 Days
Short: 0.36 Days
RELATIVE STRENGTHS
ON BALANCE VOLUME
KEY PRICE AREAS
Resistance: 181, 195, 255
Support: 155, 146 (26W MA), 145 (28D MA),
PREVIOUS ANALYSIS
RSI is currently in lockstep with price action; which is a divergence to the BTC action. Outside of a few individual candles; the 4H volume have been relatively consistent since the upward breakout; however, when the OBV is reviewed; the volume appears to be selling out of the trade (market sell).
28D MA is about to cross above the 13W MA; however with the 1D RSI being overbought – it would appear similarly likely to create a rejection and a retrace back down.
OPEN INTERESTS (BITFINEX)
Long: 2.84 Days
Short: 0.36 Days
RELATIVE STRENGTHS
- Micro (5m): Flat
- Short Term (4h): Flat
- Mid Term (1D): Overbought
- Macro (1W): Hidden Bearish
ON BALANCE VOLUME
- Mid Term (1D): Lower
- Macro (1W): Lower
KEY PRICE AREAS
Resistance: 181, 195, 255
Support: 155, 146 (26W MA), 145 (28D MA),
PREVIOUS ANALYSIS
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.