ETH Weekly Forecast 30 Jan - 3 Feb 2023

ETH Weekly Forecast 30 Jan - 3 Feb 2023



Based on the data from DVOL, we can see that currently the IV for this week is at 58.03%, down from 64.38% last week.
This can be translated in +/- 8.05% movement from the open of the candle, which makes the next top/bot channel
TOP: 1777
BOT: 1513
The probability to break this channel(aka the close of the weekly is going to end up either above/below this channel) is at 65%(60% since 2022)


From the technical rating analysis point of view we can deduct the next information:
Currently there is a :
63% to touch the previous weekly high
25% to touch the previous weekly low

At the same time if we are going to take a look at the moving average rating for different timeframes we can see :
4H Timeframe: -40% Bearish Trend
D Timeframe: +66% Bullish Trend
W Timeframe: -26% Bearish Trend


Lastly on average, based on the current percentile, we can expect that our asset is going to move:
9.2% from the open candle for the bullish scenario
10.5% from the open candle for the bearish scenario