ETH to see a slight uptrend(1D) | Price breaking the midline

Market in last 1 week

• ETHUSD saw a sideways movement with price trying to break the midline but rejecting
  
• Price volatility was very high. The market moved ~11.58%, between $394.55 and $353.58
  

Today’s Trend analysis

• ETHUSD expected to see a slight uptrend as the price is trying to break the midline with support from lower band
  
• Price at time of publishing: $372.03
  
• ETH’s market cap: $42 Billion
  
• Oscillator indicators are mostly neutral. RSI at 47
  
• Moving average indicators are biased towards a downtrend. Ichimoku Cloud is neutral
  
• Volume indicators saw a decrease in volume for recent candles
  

Price expected to ee a slight uptrend as the price is trying to break the midline with support from lower band. Most of the Oscillator indicators are neutral. MACD line moving below to signal line with histogram size increasing in the negative direction. RSI at 47, below the midline still in the neutral region. CCI is around -16, in the neutral region. Another interesting point to notice here is that volume saw a decrease in volume for recent candles indicating a weak 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 1D candles.

DM to get details of the above analysis and list of indicators & their values used to arrive at the above conclusion.

Note: Above analysis would hold true if we do not encounter a sudden jump in trade volume .

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- Mudrex