ETHUSD to move sideways(4hr)! | Bollinger band squeeze

Market in last 24hrs

• ETHUSD saw an uptrend after midline support
  
• Price volatility was very high. The market moved ~6.18% between $368.52 and $347.05
  

Today’s Trend analysis

• ETHUSD expected to see a sideways movement as price observed midline support touching upper band with Bollinger band squeeze
  
• Price at time of publishing: $363.98
  
• ETH’s market cap: $41.08 Billion
  
• Oscillator indicators are mostly neutral. RSI at 62
  
• Moving average indicators are suggesting an uptrend. Ichimoku Cloud is neutral
  
• Volume indicators saw an increase for blue candle while a decrease for red candles
  

Price expected to see a sideways movement as price observed midline support touching upper band with Bollinger band squeeze. Most of the Oscillator indicators are neutral. MACD line moving above the signal line, with the histogram size increasing in positive region suggesting bullish bias. RSI at 62, in the neutral region above the midline. CCI with a value of around 177 in the overbought region indicating a downtrend. Another interesting point to notice here is that the volume observed an increase for blue candles while a decrease in volume for red candles suggesting a shift from sellers to buyers.
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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