Market in last 24 hrs
- ETHUSD price consolidate
- Market moved ~2%, between $204.5 and $209
Today’s Trend analysis
- Price at time of publishing: $215
- Weak uptrend today
- ‘Oscillator‘ indicators are mostly neutral with a bias toward an uptrend. RSI at 67
- ‘Moving average‘ indicators are indicating a uptrend. Ichimoku Cloud is neutral
Price expected to continue upward trend today. Most of the Oscillator indicators are neutral but compared to yesterday some have now flipped to indicate an uptrend. MACD histogram is in positive zone, confirming an uptrend. RSI is trending sideways at 67 but CCI is already in overbought zone, currently at 208. Price is now touching upper Bollinger Band. Overall, bulls have not been exhausted yet. We can expect more higher highs today.
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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 consolidate
- Market moved ~2%, between $204.5 and $209
Today’s Trend analysis
- Price at time of publishing: $215
- Weak uptrend today
- ‘Oscillator‘ indicators are mostly neutral with a bias toward an uptrend. RSI at 67
- ‘Moving average‘ indicators are indicating a uptrend. Ichimoku Cloud is neutral
Price expected to continue upward trend today. Most of the Oscillator indicators are neutral but compared to yesterday some have now flipped to indicate an uptrend. MACD histogram is in positive zone, confirming an uptrend. RSI is trending sideways at 67 but CCI is already in overbought zone, currently at 208. Price is now touching upper Bollinger Band. Overall, bulls have not been exhausted yet. We can expect more higher highs today.
----------------------------------------------------------------------------------------
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
Comment:
As predicted in the analysis, ETH saw a strong uptrend.
Trade closed: target reached
