Market in last 24hrs
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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.
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 after the price observed a rejection from the upper band
- Price volatility was very high. The market moved ~8.58% between $495.68 and $456.50
- ETHUSD expected to see a continued downtrend as the price has declined after getting resistance with Bollinger band squeeze
- Price at the time of publishing: $472.69
- ETH’s market cap: $53.64 Billion
- Oscillator indicators are mostly neutral. RSI at 53
- Moving average indicators are suggesting an uptrend. Ichimoku Cloud is neutral
- Volume indicators observed a decline in volume as the price saw a decline in recent candles
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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.
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