I don't know much about technical analysis yet, but I think measuring mean of price alterations during a period of time is good for future price behavior here is my simple idea:
✔ 14 hour mean, price is not even close to it yet
✔ 6 hour and 3 hour means, price is between these if goes lower than 3 hour mean then we still have the downward trend
Even deviation can help you here, good luck on investing... ✌😉
✔ 14 hour mean, price is not even close to it yet
✔ 6 hour and 3 hour means, price is between these if goes lower than 3 hour mean then we still have the downward trend
Even deviation can help you here, good luck on investing... ✌😉
Note
Sorry that I wrote numbers with white color (because I use dark mode! 😅):14h mean: 3109.5$
6h mean: 3068.5$
3h mean: 3046.5$
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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.