We are approaching the daily gap level where I expect the price to rise.
I have indicated the level I expect to work as support on the open interest indicator.
We broke the Coinbase Premium Index trendline where we were rejected. Although the price fell, the indicator continued to rise. This is a positive data.
As seen in the funding rates, people are opening bullish trades. I think the uptrend will start after one last manipulation.
The increase in the Estimated Leverage Ratio shows that people are opening highly leveraged trades. Manipulation will be healthy to throw these players out.
The increase in the total amount of coins transferred from the exchange shows that the selling pressure is decreasing. Coinbase advanced data shows a positive and gradual increase.
Written by TraderOasis