ETHUSD to see an uptrend(4hr)! | Lower band support & BB expands
Market in last 24hrs
Today’s Trend analysis
Price expected to see a slight uptrend as the price got support from lower band with Bollinger band expansion. Most of the Oscillator indicators are neutral. MACD line moving below the signal line, with histogram size decreasing in negative direction. RSI at 32, in the neutral region below the midline, with an up move from the oversold region. CCI with a value of around -123 in the oversold region indicating an uptrend. Another interesting point to notice here is that the volume saw an increase for red candles and a decrease in blue candles, suggesting a strengthened selling pressure.
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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 with riding the lower band and Bollinger band expansion
- Price volatility was very high. The market moved ~18.69%, between $438.18 and $370.00
Today’s Trend analysis
- ETHUSD expected to see a slight uptrend as the price got support from lower band with Bollinger band expansion
- Price at time of publishing: $387
- ETH’s market cap: $43.6 Billion
- Oscillator indicators are mostly neutral. RSI at 32
- Moving average indicators are suggesting a downtrend. Ichimoku Cloud is neutral
- Volume indicators observed an increase for red candles while a decrease for the blue candles
Price expected to see a slight uptrend as the price got support from lower band with Bollinger band expansion. Most of the Oscillator indicators are neutral. MACD line moving below the signal line, with histogram size decreasing in negative direction. RSI at 32, in the neutral region below the midline, with an up move from the oversold region. CCI with a value of around -123 in the oversold region indicating an uptrend. Another interesting point to notice here is that the volume saw an increase for red candles and a decrease in blue candles, suggesting a strengthened selling pressure.
----------------------------------------------------------------------------------------
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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