#ETHUSDT. Morning review
On all timeframes, it's visible that the current rise is occurring on falling volumes. This is called volume divergence: the price is moving upward, but buyers are not supporting it with large capital.
OBV is collapsing to the right, there's no influx of large funds, I expect a range-bound market or slow decline.
Conclusion: the current rise is unstable, lacking volume, there's a high probability of a false breakout followed by a downward move.
As for EMA, the uptrend is still holding, but on the 15m chart, if it breaks below EMA 50, it will test
3174.
The hourly chart is looking down, the local impulse is lost.
Conclusion: the situation is borderline—on one hand, an uptrend, on the other, exhausted volume. We'll wait for 3100-3000
BINANCE ID372929692
Tips are welcome
On all timeframes, it's visible that the current rise is occurring on falling volumes. This is called volume divergence: the price is moving upward, but buyers are not supporting it with large capital.
OBV is collapsing to the right, there's no influx of large funds, I expect a range-bound market or slow decline.
Conclusion: the current rise is unstable, lacking volume, there's a high probability of a false breakout followed by a downward move.
As for EMA, the uptrend is still holding, but on the 15m chart, if it breaks below EMA 50, it will test
3174.
The hourly chart is looking down, the local impulse is lost.
Conclusion: the situation is borderline—on one hand, an uptrend, on the other, exhausted volume. We'll wait for 3100-3000
BINANCE ID372929692
Tips are welcome
