Market in last 24hrs
-ETHUSD consolidatedafter rejecting from 400
-Price volatility was low. The market moved ~2.88%, between $400 and $389
Today’s Trend analysis
-ETHUSD expected to see an uptrend as Bollinger Band squeeze suggests a breakout
-Price at time of publishing: $394
-ETH’s market cap: $44 Billion
-Oscillator indicators are mostly neutral. RSI at 56
-Moving average indicators are biased towards an uptrend. Ichimoku Cloud is neutral
-Volume indicators indicates that the volume increased for red candles indicating a strengthened selling pressure.
Price expected to see an uptrend as Bollinger Band squeezes suggesting a Breakout. Most of the Oscillator indicators are neutral. MACD histogram is negative, increasing in the negative region. RSI at 56, still above the midline in the neutral region with a downmove. CCI dropped drastically to -2, in the neutral region decreasing downwards. Another interesting point to notice here is that there were lower highs observed.
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The analysis is based on signals from 28 technical indicators, out of which 17 are moving averages and remaining 11 are oscillators. These indicator values are calculated using 4hr candles.
DM to get details of the above analysis and list of indicator & their values used to arrive at the above conclusion.
Note: Above analysis would hold true if we do not encounter sudden jump in trade volume .
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If you find the analysis useful, please like and share our ideas with the community!
- Mudrex
-ETHUSD consolidatedafter rejecting from 400
-Price volatility was low. The market moved ~2.88%, between $400 and $389
Today’s Trend analysis
-ETHUSD expected to see an uptrend as Bollinger Band squeeze suggests a breakout
-Price at time of publishing: $394
-ETH’s market cap: $44 Billion
-Oscillator indicators are mostly neutral. RSI at 56
-Moving average indicators are biased towards an uptrend. Ichimoku Cloud is neutral
-Volume indicators indicates that the volume increased for red candles indicating a strengthened selling pressure.
Price expected to see an uptrend as Bollinger Band squeezes suggesting a Breakout. Most of the Oscillator indicators are neutral. MACD histogram is negative, increasing in the negative region. RSI at 56, still above the midline in the neutral region with a downmove. CCI dropped drastically to -2, in the neutral region decreasing downwards. Another interesting point to notice here is that there were lower highs observed.
----------------------------------------------------------------------------------------
The analysis is based on signals from 28 technical indicators, out of which 17 are moving averages and remaining 11 are oscillators. These indicator values are calculated using 4hr candles.
DM to get details of the above analysis and list of indicator & their values used to arrive at the above conclusion.
Note: Above analysis would hold true if we do not encounter sudden jump in trade volume .
----------------------------------------------------------------------------------------
If you find the analysis useful, please like and share our ideas with the community!
- Mudrex
