Market in last 24hrs
- ETHUSD price moved up
- Price volatility was high. Market moved ~7.5%, between $220 and $235
Today’s Trend analysis
- Trend will change today. Chances for up and down trend are similar
- Price at time of publishing: $234.1
- ‘Oscillator‘ indicators are neutral. RSI at 51
- ‘Moving average‘ indicators are mixed. Ichimoku Cloud is neutral
MACD histogram is now in positive zone and MACD line is trending up, though still below 0. RSI is trending almost flat, moving slightly above its midpoint 50. CCI , the more reactive oscillator, has crossed up 0. Another interesting point to notice is that volume is now flat, indicating that yesterday’s uptrend is not strong now but given the volume is decreasing, trend is expected to change. All factors indicating that both bulls and bears are struggling.
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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 moved up
- Price volatility was high. Market moved ~7.5%, between $220 and $235
Today’s Trend analysis
- Trend will change today. Chances for up and down trend are similar
- Price at time of publishing: $234.1
- ‘Oscillator‘ indicators are neutral. RSI at 51
- ‘Moving average‘ indicators are mixed. Ichimoku Cloud is neutral
MACD histogram is now in positive zone and MACD line is trending up, though still below 0. RSI is trending almost flat, moving slightly above its midpoint 50. CCI , the more reactive oscillator, has crossed up 0. Another interesting point to notice is that volume is now flat, indicating that yesterday’s uptrend is not strong now but given the volume is decreasing, trend is expected to change. All factors indicating that both bulls and bears are struggling.
----------------------------------------------------------------------------------------
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
