ETHUSD to consolidate(4hr)| Series of LH and HL observed
Market in last 24hrs
-ETHUSD saw a downtrend getting support from lower Bollinger band
-Price volatility was high. The market moved ~6.9%, between $397.15 and $371.5
Today’s Trend analysis
-ETHUSD expected to see an uptrend as a series of lower highs and higher lows were observed
-Price at time of publishing: $388
-ETH’s market cap: $43.7 Billion
-Oscillator indicators are mostly neutral. RSI at 50
-Moving average indicators are suggesting an uptrend. Ichimoku Cloud is neutral
-Volume indicators observed a decrease in volume in the recent candles suggesting bullish momentum.
Price expected to see an uptrend as a series of lower highs and higher lows were observed. Most of the Oscillator indicators are neutral. MACD line crossed above the signal line, histogram size increasing in the positive direction. RSI at 50, close to the midline in the neutral region. CCI with a value of around 30 in the neutral region with an upmove. Another interesting point to notice here is that the price is trading inside the band with the Bollinger band squeeze taking place.
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The analysis is based on signals from 28 technical indicators, out of which 17 are moving averages and the 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 saw a downtrend getting support from lower Bollinger band
-Price volatility was high. The market moved ~6.9%, between $397.15 and $371.5
Today’s Trend analysis
-ETHUSD expected to see an uptrend as a series of lower highs and higher lows were observed
-Price at time of publishing: $388
-ETH’s market cap: $43.7 Billion
-Oscillator indicators are mostly neutral. RSI at 50
-Moving average indicators are suggesting an uptrend. Ichimoku Cloud is neutral
-Volume indicators observed a decrease in volume in the recent candles suggesting bullish momentum.
Price expected to see an uptrend as a series of lower highs and higher lows were observed. Most of the Oscillator indicators are neutral. MACD line crossed above the signal line, histogram size increasing in the positive direction. RSI at 50, close to the midline in the neutral region. CCI with a value of around 30 in the neutral region with an upmove. Another interesting point to notice here is that the price is trading inside the band with the Bollinger band squeeze taking place.
----------------------------------------------------------------------------------------
The analysis is based on signals from 28 technical indicators, out of which 17 are moving averages and the 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
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