I'am watching the blue zone which needs to be broken that ETH come in buyers territory.
Retail trader data shows 88.9% of traders are net-long with the ratio of traders long to short at 8.04 to 1. The number of traders net-long is 0.3% lower than yesterday and 1.8% lower from last week, while the number of traders net-short is 2.1% higher than yesterday and 7.3% higher from last week.
I typically take a contrarian view to crowd sentiment, and the fact traders are net-long suggests Ether prices may continue to fall. Yet traders are less net-long than yesterday and compared with last week. Recent changes in sentiment warn that the current Ether price trend may soon reverse higher despite the fact traders remain net-long.
Retail trader data shows 88.9% of traders are net-long with the ratio of traders long to short at 8.04 to 1. The number of traders net-long is 0.3% lower than yesterday and 1.8% lower from last week, while the number of traders net-short is 2.1% higher than yesterday and 7.3% higher from last week.
I typically take a contrarian view to crowd sentiment, and the fact traders are net-long suggests Ether prices may continue to fall. Yet traders are less net-long than yesterday and compared with last week. Recent changes in sentiment warn that the current Ether price trend may soon reverse higher despite the fact traders remain net-long.
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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.