ETHUSD to see a downtrend(4hr)! | Potential Head & Shoulder seen
Market in last 24hrs
Today’s Trend analysis
Price expected to see a downtrend as potential head and shoulder is observed. Most of the Oscillator indicators are neutral. MACD line approaching from below the signal line, with histogram size decreasing in negative direction suggesting bearish bias. RSI at 52, in the neutral region above the midline. CCI with a value of around -3 in the neutral region. Another interesting point to notice here is that the volume observed a sudden spike for blue candle and decreased after that indicating a bearish momentum.
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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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If you find the analysis useful, please like and share our ideas with the community!
- Mudrex
- ETHUSD saw a downtrend with breaking the midline Bollinger band
- Price volatility was very high. The market moved ~6.45% between $385 and $361.65
Today’s Trend analysis
- ETHUSD expected to see a downtrend as potential head and shoulder is observed
- Price at time of publishing: $374
- ETH’s market cap: $42 Billion
- Oscillator indicators are mostly neutral. RSI at 52
- Moving average indicators are suggesting a downtrend. Ichimoku Cloud is neutral
- Volume indicators observed a sudden spike for blue candle and decreased after that
Price expected to see a downtrend as potential head and shoulder is observed. Most of the Oscillator indicators are neutral. MACD line approaching from below the signal line, with histogram size decreasing in negative direction suggesting bearish bias. RSI at 52, in the neutral region above the midline. CCI with a value of around -3 in the neutral region. Another interesting point to notice here is that the volume observed a sudden spike for blue candle and decreased after that indicating a bearish momentum.
----------------------------------------------------------------------------------------
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 .
----------------------------------------------------------------------------------------
If you find the analysis useful, please like and share our ideas with the community!
- Mudrex
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