In my last article I said that I was expecting a rise from the gap. The analysis was successful.
Now I am following the daily gap level again.
I mentioned the importance of our open interest level, it worked as a support.
Coinbase Premium Index is constantly rejecting the trend line. This trend line needs to be broken.
The decrease in funding rates is a positive data.
As a result, when the price reaches the daily gap, the increase in the Coinbase Premium Index indicator will be our signal. Let's watch it.
Translated with DeepL.com (free version)
Written by TraderOasis
