ETHUSD(4Hr) : ETH back to testing 4K mark
Market in the last 24 hours
The price saw a major downtrend in the last 24 hours with the price moving from the middle to the lower Bollinger band. Trading volume has been relatively high in the last 24 hours.
Next 24 hours Trend analysis
The recent green tick seems to indicate that the price has accepted the bottom Bollinger band as a support line suggesting a slight bullish momentum. This will also be supported if the trading volume doesn't drastically change.
The price change was high at approximately 3.98%, with the day's range between $3971 — $4344.
Price at the time of publishing: $4075
ETH’s market cap: $483 Billion
However, the Indicator summary is giving a 'STRONG SELL' signal on ETHUSD.
Out of 11 Oscillator indicators, 2 are giving a SELL signal, 8 are neutral and 1 is giving a BUY signal.
Out of 15 Moving average indicators, 14 are giving SELL signal, 1 is giving neutral and 0 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 saw a major downtrend in the last 24 hours with the price moving from the middle to the lower Bollinger band. Trading volume has been relatively high in the last 24 hours.
Next 24 hours Trend analysis
The recent green tick seems to indicate that the price has accepted the bottom Bollinger band as a support line suggesting a slight bullish momentum. This will also be supported if the trading volume doesn't drastically change.
The price change was high at approximately 3.98%, with the day's range between $3971 — $4344.
Price at the time of publishing: $4075
ETH’s market cap: $483 Billion
However, the Indicator summary is giving a 'STRONG SELL' signal on ETHUSD.
Out of 11 Oscillator indicators, 2 are giving a SELL signal, 8 are neutral and 1 is giving a BUY signal.
Out of 15 Moving average indicators, 14 are giving SELL signal, 1 is giving neutral and 0 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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