ETHUSD to see an uptrend(4hr)! | Higher highs observed
Market in last 24hrs
Today’s Trend analysis
Price expected to see an uptrend as the price is riding the upper band with higher highs and Bollinger band expansion. Most of the Oscillator indicators are neutral. MACD line moving above the signal line, with histogram size increasing in positive direction suggesting bullish bias. RSI at 57, in the neutral region above the midline. CCI with a value of around 196 in the overbought region. Another interesting point to notice here is that the volume observed an increase with relatively low volume for red candles indicating a weak selling pressure and shift from sellers to buyer.
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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 an uptrend with price now riding the upper band
- Price volatility was very high. The market moved ~13.17% between $375.74 and $332
Today’s Trend analysis
- ETHUSD expected to see an uptrend as the price is riding the upper band with higher highs and Bollinger band expansion
- Price at time of publishing: $362
- ETH’s market cap: $41 Billion
- Oscillator indicators are mostly neutral. RSI at 57
- Moving average indicators are suggesting an uptrend. Ichimoku Cloud is neutral
- Volume indicators observed an increase with relatively low volume for red candles
Price expected to see an uptrend as the price is riding the upper band with higher highs and Bollinger band expansion. Most of the Oscillator indicators are neutral. MACD line moving above the signal line, with histogram size increasing in positive direction suggesting bullish bias. RSI at 57, in the neutral region above the midline. CCI with a value of around 196 in the overbought region. Another interesting point to notice here is that the volume observed an increase with relatively low volume for red candles indicating a weak selling pressure and shift from sellers to buyer.
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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 .
----------------------------------------------------------------------------------------
If you find the analysis useful, please like and share our ideas with the community!
- Mudrex
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