BTCUSD to see a downtrend(4Hr) | Upper band resistance

Market in last 24hrs

• BTCUSD saw a sideways movement touching the midline band
  
• Price volatility was low. The market moved ~1.78%, between $10.8k and $10.61k
  

Today’s Trend analysis

• BTCUSD expected to see a downtrend as the price got resistance form upper band with breaking the midline support
  
• Price at time of publishing: $10,653
  
• BTC’s market cap: $197 Billion
  
• Oscillator indicators are mostly neutral. RSI at 49
  
• Moving average indicators are indicating a downtrend Ichimoku Cloud is neutral
  
• Volume indicators from observed similar value for blue candles while increase in volume fore red candles
  

Price expected to see a downtrend as the price got resistance form upper band with breaking the midline support. Most of the Oscillator indicators are neutral. MACD line moving above signal line, with the histogram size decreasing in the positive region suggesting bullish bias. RSI at 49, close to the midline in the neutral region. CCI at around -6, in the neutral region with a slight downmove. Another interesting point to notice here is that the volume observed similar value for blue candles while increase in volume fore red candles indicating a shift to sellers.
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The analysis is based on signals from 28 technical indicators, out of which 17 are moving averages and the remaining 11 are oscillators. These indicator values are calculated using 4Hr candles.

DM to get details of the above analysis and list of indicators & their values used to arrive at the above conclusion.

Note: Above analysis would hold true if we do not encounter a sudden jump in trade volume .

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- Mudrex