Coinbase Premium Index reached the important resistance line. Although the price is falling, it continues to rise. We should follow its reaction to this trend line. It is of great importance for the future price movement.
Our line that worked as resistance on the open interest indicator continues to work as support. This is a positive data.
In my price analysis, I put an x in two zones where I expect a rise. The first zone is the 0.5 range zone. The second zone is the manipulation that will occur at the Range low.
The funding rate indicator is not at an extreme level. The bullish community is slowly turning bearish. This is a positive data for our bullish scenario.
Written by TraderOasis
