ETHUSD(4Hr) : ETH consolidating after a small rise
Market in the last 24 hours
The price can be seen moving along the middle Bollinger band in the last 24 hours with low volatility which is causing the upper and the lower Bollinger band to converge. Trading volume has been moderate for the last 24 hours. It has been almost similar as well suggesting a consolidated momentum.
Next 24 hours Trend analysis
The price is expected to continue to oscillate between the upper and the lower Bollinger band as the Bollinger bands are converging. This would also lead to a low volatility.
The price change was low at approximately 0.35%, with the day's range between $3545 — $3628.
Price at the time of publishing: $3571
ETH’s market cap: $421 Billion
However, the Indicator summary is giving a 'NEUTRAL' signal on ETHUSD .
Out of 11 Oscillator indicators, 2 are giving a SELL signal, 9 are neutral and 0 are giving a BUY signal.
Out of 15 Moving average indicators, 0 are giving SELL signal, 1 is giving neutral and 9 are giving a BUY signal.
Traded volume has remained high in the past week. If we don't see a sudden spike in volume then we can expect the above analysis to hold true.
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The analysis is based on signals from 26 technical indicators, out of which 15 are moving averages and the remaining 11 are oscillators. These indicator values are calculated using 1 Day candles.
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Any feedback and suggestions would help in further improving the analysis!
The price can be seen moving along the middle Bollinger band in the last 24 hours with low volatility which is causing the upper and the lower Bollinger band to converge. Trading volume has been moderate for the last 24 hours. It has been almost similar as well suggesting a consolidated momentum.
Next 24 hours Trend analysis
The price is expected to continue to oscillate between the upper and the lower Bollinger band as the Bollinger bands are converging. This would also lead to a low volatility.
The price change was low at approximately 0.35%, with the day's range between $3545 — $3628.
Price at the time of publishing: $3571
ETH’s market cap: $421 Billion
However, the Indicator summary is giving a 'NEUTRAL' signal on ETHUSD .
Out of 11 Oscillator indicators, 2 are giving a SELL signal, 9 are neutral and 0 are giving a BUY signal.
Out of 15 Moving average indicators, 0 are giving SELL signal, 1 is giving neutral and 9 are giving a BUY signal.
Traded volume has remained high in the past week. If we don't see a sudden spike in volume then we can expect the above analysis to hold true.
----------------------------------------------------------------------------------------
The analysis is based on signals from 26 technical indicators, out of which 15 are moving averages and the remaining 11 are oscillators. These indicator values are calculated using 1 Day candles.
----------------------------------------------------------------------------------------
Any feedback and suggestions would help in further improving the analysis!
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