ETHUSD Weekly Forecast Analysis 3-7 Oct 2022
ETHUSD Weekly Forecast Analysis 3-7 Oct 2022
We can see that currently the volatility is around 10.02% for this week, decrising from the 14.11% from the last week.
Currently there is around 27.3% that the asset is going to close either above or below the channel:
TOP 1457
BOT 1096
The current volatility percentile is around 70th, and in this situations in general the
AVG weekly bull candle = 9.68%
AVG weekly bear candle = 11.6%
With this mind, from the opening price it would situate us around
TOP 1400
BOT 1130
At the same time, due to the nature of the opening price, making this weekly candle a bullish candle, there is currently a
28% that we will break the ath of previous weekly candle of 1400 and there is a 55% that we will touch 1250.
From the technical analysis point of view:
The majority of moving averages ranging from 10 to 200, are currently around 80% agreement that the market is in a short trend ( the current price is below those moving averages)
At the same time if we are looking at the candle type since the beginning of the year, we can see that 62% of them were bearish, solidificating the bearish trend.
News that can affect the price of this asset this week:
- Thursday 6 October : Initial Jobless Claims and ECB Report
- Friday 7 October: Nonfarm Payrolls
We can see that currently the volatility is around 10.02% for this week, decrising from the 14.11% from the last week.
Currently there is around 27.3% that the asset is going to close either above or below the channel:
TOP 1457
BOT 1096
The current volatility percentile is around 70th, and in this situations in general the
AVG weekly bull candle = 9.68%
AVG weekly bear candle = 11.6%
With this mind, from the opening price it would situate us around
TOP 1400
BOT 1130
At the same time, due to the nature of the opening price, making this weekly candle a bullish candle, there is currently a
28% that we will break the ath of previous weekly candle of 1400 and there is a 55% that we will touch 1250.
From the technical analysis point of view:
The majority of moving averages ranging from 10 to 200, are currently around 80% agreement that the market is in a short trend ( the current price is below those moving averages)
At the same time if we are looking at the candle type since the beginning of the year, we can see that 62% of them were bearish, solidificating the bearish trend.
News that can affect the price of this asset this week:
- Thursday 6 October : Initial Jobless Claims and ECB Report
- Friday 7 October: Nonfarm Payrolls
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🔻Blog: hercules.money/blog/
🔻Telegram : t.me/hercules_trading
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