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since the last readPrice has left the range the coin's last read drew.
Price has left the range the coin's last read drew.
Daily downtrend since Oct 13, bouncing from the 0.9907 low — the last lower high is 0.9958
The setup is bearish: the downtrend is intact, price is between levels.
Backing it: on the daily chart, each peak and each dip has been lower than the last; against it: the indicators favour the buyers' side.
Price is over the 50-day average (0.9948), which sits on the 0.9907 line. It is under the 200-day average (0.9958), which sits on the 0.9958 line.
The last 5 days have gone sideways, inside a 0.4% band.
Price is 0.1% under 0.9958, the last lower high, and 0.5% over 0.9907, the trend's low.
For it: price is under the Ichimoku cloud (a widely watched trend gauge), and the gauge points down ahead.
Against it: price is back over the 50-day average (0.9948); The trend has real strength, with the buyers in control; price is above the average price buyers have paid since the 0.9938 low, 0.9945, so those buyers are in profit.
0.9907 below and 0.9958 above are the lines; a daily close past either is the move.
A 1D close above 0.9958 takes out the last lower high — the downtrend's structure ends there; the next level up is 1.000.
A 1D close below 0.9907 carries the downtrend past its last low; no tested level below it on this chart — the next round number is 0.9000.
0.9907 is where buyers keep showing up: it held 2 of 2 visits. It is also the prior week low.
0.9958 is the ceiling — the last lower high (Oct 26) — the line the downtrend stays under. It is also the 0.618 of the chart's whole range (golden pocket) and the anchored VWAP from the swing high.
USDF has been in a downtrend since Oct 13: its lows have stepped down (0.9941, then 0.9907), and so have its highs (0.9967, then 0.9958). Price is 0.5% over the trend's low, 0.9907 (Nov 1). The last lower high is 0.9958 (Oct 26), 0.1% above price; no daily close has gone over it.
The weekly picture: a weekly downtrend, 72% under the cycle high; on the daily, price is below the 200-day average (0.9958), and the 50-day average is below the 200-day average. The daily has a falling trend of its own; the weekly has not picked a side.
Against BTC: over the last 5 daily candles USDF moved +0.3% and BTC -1.2% — USDF is the stronger chart.
Sellers have had the daily since Oct 13: each bounce has been sold lower than the last, and no daily close has cleared a lower high. The bounce from 0.9907 is the buyers' push against it; it has not reached 0.9958 yet.
What doesn't fit: The trend has real strength, with the buyers in control. More trading has happened on up candles than on down ones, so buyers have been the more active side. This is what the bounce has going for it.
| Level | Price | From price | Role |
|---|---|---|---|
| Read ceiling | 0.9958 | +0.1% | read edge |
| Support | 0.9907 | -0.5% | read edge |
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