Market in last 24hrs
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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.
Note: Above analysis would hold true if we do not encounter a sudden jump in trade volume .
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If you find the analysis useful, please like and share our ideas with the community as well as follow to stay updated with new ideas!
- Mudrex
- ETHUSD saw a downtrend with the price touching the midline Bollinger band
- Price volatility was very high. The market moved ~7.57% between $623.22 and $579.35
- ETHUSD expected to see a sideways movement as the price might observe midline support with Bollinger band squeeze taking place
- Price at the time of publishing: $596.14
- ETH’s market cap: $67.62 Billion
- Oscillator indicators are mostly neutral. RSI at 62
- Moving average indicators are suggesting an uptrend. Ichimoku Cloud is neutral
- Volume indicators observed an increase in volume with the decline in price while observed a decrease in volume with the price increase
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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.
Note: Above analysis would hold true if we do not encounter a sudden jump in trade volume .
----------------------------------------------------------------------------------------
If you find the analysis useful, please like and share our ideas with the community as well as follow to stay updated with new ideas!
- Mudrex