Indicators and patterns
7/4/2024
Indicators and patterns
The first indicator is a Hammer pattern on the ETH/USD pair with a 1-hour timeframe. The Hammer is a bullish reversal candlestick pattern that suggests a potential price reversal to the upside. In this case, the signal is to buy ETH/USD at the price of 3153.04004, as the Hammer pattern indicates a possible bullish movement ahead.The second indicator is the Chaikin Money Flow Oscillator (CMO) on the ETH/USD pair with a 30-minute timeframe. The CMO is a momentum oscillator that measures buying and selling pressure. In this case, the CMO is showing a bearish signal, suggesting selling pressure in the market. The signal is to sell ETH/USD at the price of 3153.04004 based on the bearish indication from the CMO.
This is not investment advice. Remember to verify the information provided here.
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