This volatility barometer takes signals for 12 different metrics. We are back to a short volatility trade (until we aren't). But I just watch this signals and stay nimble. Contango or backwardation is helpful but not the entire story.
This is a helpful site:
vixcentral.com
The current pattern matched a previous pattern found in the chart for ETH. I pulled the bars pattern and overlayed on the current period. Here you see the fractal showing a possible run up to the resistance trend line. Boxes are shown to give help for areas to buy or sell.
