ETHUSD - Sideways Trend Today. Price Technical Analysis #45
Market in last 24 hrs
- ETHUSD price has been consolidating. Market moved ~2%, between $201.6 and $205.7
- Price at time of publishing: $201.7
Today’s Trend analysis
Price should continue choppy/sideways trend today. Most of the Oscillator indicators are neutral with a weak bias towards sell side. MACD histogram is in negative zone, RSI and CCI are weakly trending down and are currently at 42 and -104 respectively. Also, the price is close to lower Bollinger Band and expected to bounce up. Overall, marketed conditions imply that the price is going to move sideways.
- Sideways/Choppy today
- ‘Oscillator‘ indicators are mostly neutral. RSI at 51
- ‘Moving average‘ indicators are indicating a downtrend. Ichimoku Cloud is neutral
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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 4 hr 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 price has been consolidating. Market moved ~2%, between $201.6 and $205.7
- Price at time of publishing: $201.7
Today’s Trend analysis
Price should continue choppy/sideways trend today. Most of the Oscillator indicators are neutral with a weak bias towards sell side. MACD histogram is in negative zone, RSI and CCI are weakly trending down and are currently at 42 and -104 respectively. Also, the price is close to lower Bollinger Band and expected to bounce up. Overall, marketed conditions imply that the price is going to move sideways.
- Sideways/Choppy today
- ‘Oscillator‘ indicators are mostly neutral. RSI at 51
- ‘Moving average‘ indicators are indicating a downtrend. Ichimoku Cloud is neutral
----------------------------------------------------------------------------------------
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 4 hr 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
Trade closed: target reached:
As predicted, price moved in the region specified in above graph.
