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 the remaining 11 are oscillators. These indicator values are calculated using 4Hr candles.
Note: Above analysis would hold true if we do not encounter a sudden jump in trade volume .
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If you find the analysis useful, please like and share our ideas with the community as well as follow to stay updated with new ideas!
- Mudrex
- ETHUSD saw a decline in price followed by consolidation reaching the upper band
- Price volatility was very high. The market moved ~14.94% between $587.68 and $511.25
- ETHUSD expected to see a continued uptrend as the price has been moving between the upper band and midline with the Bollinger band moving upward
- Price at the time of publishing: $582.28
- ETH’s market cap: $66.08 Billion
- Oscillator indicators are mostly neutral. RSI at 73
- Moving average indicators are suggesting an uptrend. Ichimoku Cloud is neutral
- Volume indicators observed a decline in volume for red candles while observed an increase for blue candles
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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 4Hr candles.
Note: Above analysis would hold true if we do not encounter a sudden jump in trade volume .
----------------------------------------------------------------------------------------
If you find the analysis useful, please like and share our ideas with the community as well as follow to stay updated with new ideas!
- Mudrex