ETHUSD to see an uptrend(4hr) | Lower highs observed

Market in last 24hrs

• ETHUSD saw an uptrend breaking the midline resistance and touching the upper band
  
• Price volatility was high. The market moved ~3.61% between $364.08 and $351.38
  

Today’s Trend analysis

• ETHUSD expected to see an uptrend as price observed higher lows with a slight indication of Bollinger band expansion
  
• Price at time of publishing: $362.71
  
• ETH’s market cap: $41.01 Billion
  
• Oscillator indicators are mostly neutral. RSI at 59
  
• Moving average indicators are suggesting an uptrend. Ichimoku Cloud is neutral
  
• Volume indicators observed a decrease in volume with price decline while an increase with price increasing
  

Price expected to see an uptrend as price observed higher lows with a slight indication of Bollinger band expansion. Most of the Oscillator indicators are neutral. MACD line crossed above the signal line, with the histogram size increasing in positive region suggesting bullish bias. RSI at 59, in the neutral region above the midline. CCI with a value of around 134 in the overbought region. Another interesting point to notice here is that the volume observed a decrease in volume with price decline while an increase with price increasing indicating strong 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 4Hr 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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- Mudrex