ETHUSD - Downtrend Today. Price Technical Analysis #23
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.
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Market in last 24 hrs
- ETHUSD mostly consolidated, moving in range $191.7 to 198.2
- Price at time of publishing: $197.85
Today’s Trend analysis
Price should trend down today. Oscillators are mostly neutral but with a bias towards sell side. Both CCI and RSI are in overbought zone. MACD is about to flip to indicate sell opportunity. Bears are now gaining control and we will see a downtrend today in next 24 hours.
- Dowtrend today
- ‘Oscillator‘ indicators are mostly neutral, with bias towards sell side. RSI is above 70
- ‘Moving average‘ indicators indicating buying opportunity
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!
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Market in last 24 hrs
- ETHUSD mostly consolidated, moving in range $191.7 to 198.2
- Price at time of publishing: $197.85
Today’s Trend analysis
Price should trend down today. Oscillators are mostly neutral but with a bias towards sell side. Both CCI and RSI are in overbought zone. MACD is about to flip to indicate sell opportunity. Bears are now gaining control and we will see a downtrend today in next 24 hours.
- Dowtrend today
- ‘Oscillator‘ indicators are mostly neutral, with bias towards sell side. RSI is above 70
- ‘Moving average‘ indicators indicating buying opportunity
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!
Trade closed: target reached:
Market in last 24 hrs - ETHUSD mostly consolidated, moving in range +/-3 around $196.3
Price is currently trading at : $195.45
Sideways momentum is gaining strength.
Price is currently trading at : $195.45
Sideways momentum is gaining strength.
