Market in last 24 hrs
- ETHUSD price saw a crazy and unexpected fall which was after the unexpected rise that happened day before yesterday
- Price volatility was high. Market moved ~10%, between $225 and $250 during a single 4hr candle
Today’s Trend analysis
- Sideways/consolidation today
- Price at time of publishing: $239.8
- ‘Oscillator‘ indicators are mostly neutral. RSI at 55
- ‘Moving average‘ indicators are indicating a uptrend. Ichimoku Cloud is neutral
Price expected to consolidate today. MACD histogram is now in negative zone and MACD line is trending down but RSI and CCI are trending upward, currently at 55 and 8 respectively. All factors indicating that bulls and bears are struggling to gain control. Overall, price is now expected to move sideways.
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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 saw a crazy and unexpected fall which was after the unexpected rise that happened day before yesterday
- Price volatility was high. Market moved ~10%, between $225 and $250 during a single 4hr candle
Today’s Trend analysis
- Sideways/consolidation today
- Price at time of publishing: $239.8
- ‘Oscillator‘ indicators are mostly neutral. RSI at 55
- ‘Moving average‘ indicators are indicating a uptrend. Ichimoku Cloud is neutral
Price expected to consolidate today. MACD histogram is now in negative zone and MACD line is trending down but RSI and CCI are trending upward, currently at 55 and 8 respectively. All factors indicating that bulls and bears are struggling to gain control. Overall, price is now expected to move sideways.
----------------------------------------------------------------------------------------
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
