TradingView
Moon_Rocket_Capital
Apr 7, 2019 9:11 AM

Why are traders exiting Ethereum? 

Ethereum / DollarBitfinex

Description

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
  • 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
Comments
Safe_Signal
Please take a look at our idea and let us know what you think!
Moon_Rocket_Capital
@safesignal, My view is to expect the market to make one more higher low before progressing back bullish.
More