Market in last 24hrs
-ETHUSD moved sideways being above the midline Bollinger Band
-Price volatility was high. The market moved ~4.47%, between $397 and $380
Today’s Trend analysis
-ETHUSD expected to see an uptrend after getting rejected from 390 got support from midline Bollinger band
-Price at time of publishing: $396
-ETH’s market cap: $44 Billion
-Oscillator indicators are mostly neutral. RSI at 62
-Moving average indicators are biased towards an uptrend. Ichimoku Cloud is neutral
-Volume indicators saw a decrease in the volume in last few candles being below the 20 candle moving average which also decreased in the last few candles.
Price expected to see an uptrend as higher lows are seen. Most of the Oscillator indicators are neutral. MACD histogram is negative, size increasing in the negative region. RSI at 62, above the midline with in the neutral region. CCI at 106, in the overbought region increasing upwards. Another interesting point to notice here is that the price after rejecting from 390 got a support at midline Bollinger Band.
----------------------------------------------------------------------------------------
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
-ETHUSD moved sideways being above the midline Bollinger Band
-Price volatility was high. The market moved ~4.47%, between $397 and $380
Today’s Trend analysis
-ETHUSD expected to see an uptrend after getting rejected from 390 got support from midline Bollinger band
-Price at time of publishing: $396
-ETH’s market cap: $44 Billion
-Oscillator indicators are mostly neutral. RSI at 62
-Moving average indicators are biased towards an uptrend. Ichimoku Cloud is neutral
-Volume indicators saw a decrease in the volume in last few candles being below the 20 candle moving average which also decreased in the last few candles.
Price expected to see an uptrend as higher lows are seen. Most of the Oscillator indicators are neutral. MACD histogram is negative, size increasing in the negative region. RSI at 62, above the midline with in the neutral region. CCI at 106, in the overbought region increasing upwards. Another interesting point to notice here is that the price after rejecting from 390 got a support at midline Bollinger Band.
----------------------------------------------------------------------------------------
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
