Market in last 1 week
Today’s Trend analysis
Price expected to see a slight uptrend as the price is riding the lower band after rejecting from the upper band. Most of the Oscillator indicators are neutral. MACD crossed below the signal line with histogram size increasing in the negative direction suggesting a bearish bias. RSI at 39, below the midline, still in the neutral region. CCI is around -144, in the oversold region indicating an uptrend further. Another interesting point to notice here is that the volumes observed an increase in volume as while the value observed was low for blue candles indicating a weak buying pressure.
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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 1D 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 saw a downward movement with rejection from Upper Bollinger band
- Price volatility was very high. The market moved ~57.72%, between $488.95 and $310
Today’s Trend analysis
- BTCUSD expected to see a slight uptrend as the price is riding the lower band after rejecting from the upper band
- Price at time of publishing: $350.8
- BTC’s market cap: $39.3 Billion
- Oscillator indicators are mostly neutral. RSI at 39
- Moving average indicators are suggesting a downtrend. Ichimoku Cloud is neutral
- Volume indicators observed an increase in volume as while the value observed was low for blue candles indicating a weak buying pressure
Price expected to see a slight uptrend as the price is riding the lower band after rejecting from the upper band. Most of the Oscillator indicators are neutral. MACD crossed below the signal line with histogram size increasing in the negative direction suggesting a bearish bias. RSI at 39, below the midline, still in the neutral region. CCI is around -144, in the oversold region indicating an uptrend further. Another interesting point to notice here is that the volumes observed an increase in volume as while the value observed was low for blue candles indicating a weak buying pressure.
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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 1D 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
