ETHUSD - Sideways/Choppy Today. Price Technical Analysis #34
Market in last 24 hrs
- ETHUSD price movement has been relatively less volatile. Market moved 3%, between $208.2 and $215.4
- Price at time of publishing: $211.7
Today’s Trend analysis
Price should continue moving sideways today. Oscillators are neutral. MACD has just crossed up 0. Both CCI and RSI are slightly above 50, indicating that momentum is neither direction has strength.
Another interesting point to notice is the affect of Halving-Hype and the impact of the same on BTC and other Crypto tokens. We are observing an increased trade volume and price volatility .
- Sideways today
- ‘Oscillator‘ indicators are mostly neutral. RSI is at 54
- ‘Moving average‘ indicators indicating buying opportunity. 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 movement has been relatively less volatile. Market moved 3%, between $208.2 and $215.4
- Price at time of publishing: $211.7
Today’s Trend analysis
Price should continue moving sideways today. Oscillators are neutral. MACD has just crossed up 0. Both CCI and RSI are slightly above 50, indicating that momentum is neither direction has strength.
Another interesting point to notice is the affect of Halving-Hype and the impact of the same on BTC and other Crypto tokens. We are observing an increased trade volume and price volatility .
- Sideways today
- ‘Oscillator‘ indicators are mostly neutral. RSI is at 54
- ‘Moving average‘ indicators indicating buying opportunity. 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: stop reached:
Sudden volume jump followed by price drop to $180.
