ETHUSD to see an uptrend(4hr)! | Lower band support
Market in last 24hrs
Today’s Trend analysis
Price expected to see an uptrend as the price got support from lower band and Bollinger band squeeze continues. Most of the Oscillator indicators are neutral. MACD line moving above the signal line, with histogram fluctuating in positive direction suggesting bullish bias. RSI at 41, in the neutral region below the midline. CCI with a value of around -51 in the neutral region. Another interesting point to notice here is that the volume observed an increase until the support was reached and decreased after that indicating a weakening buying pressure.
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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 slight downtrend with support from the lower band
- Price volatility was very high. The market moved ~7.86% between $350.93 and $325.36
Today’s Trend analysis
- ETHUSD expected to see an uptrend as the price got support from lower band and Bollinger band squeeze continues
- Price at time of publishing: $339
- ETH’s market cap: 38.2Billion
- Oscillator indicators are mostly neutral. RSI at 41
- Moving average indicators are suggesting a downtrend. Ichimoku Cloud is neutral
- Volume indicators observed an increase until the support was reached and decreased after that
Price expected to see an uptrend as the price got support from lower band and Bollinger band squeeze continues. Most of the Oscillator indicators are neutral. MACD line moving above the signal line, with histogram fluctuating in positive direction suggesting bullish bias. RSI at 41, in the neutral region below the midline. CCI with a value of around -51 in the neutral region. Another interesting point to notice here is that the volume observed an increase until the support was reached and decreased after that indicating a weakening buying pressure.
----------------------------------------------------------------------------------------
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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