ETHUSD Volatility Analysis 21-25 Nov 2022

21 nov 2022

ETHUSD Volatility Analysis 21-25 Nov 2022

We can see that currently the implied volatility for this week is around 14.27%, raising from 12.63% of last week , according to DVOL data
(BTC Volatility Index for Deribit)

With this in mind, currently from ATR point of view we are located in the 68th percentile, while according to DVOL, we are on 40th percentile.
Based on this, we can expect that the current weekly candles ( from open to close ) are going to between:
Bullish: 9.92% movement
Bearish: 11.16% movement

At the same time, with this data, we can make a top/bot channel which is going to contain inside the movement of this asset,
meaning that there is a 27.3% that our close of the weekly candle of this asset is going to be either above/below the next channel:
TOP: 1350
BOT: 1050

Taking into consideration the previous weekly high/low, currently for this candle there is :
55% probability we are going to touch previous low of 1130(already got hit)
30% probability we are going to touch previous high of 1300


Lastly, from the technical analysis point of view, currently 93% of the weekly moving averages are in a short trend, and
a combination of moving averages and oscillators are in 37% bearish stance