ETHUSD to see an uptrend(4hr)! | Price trading inside || channel
Market in last 24hrs
Today’s Trend analysis
Price expected to see an uptrend as the price is trading between the parallel channel. Most of the Oscillator indicators are neutral. MACD line crossed below the signal line, with histogram size increasing in negative direction suggesting bearish bias. RSI at 50, in the neutral region close to the midline. CCI with a value of around -28 in the neutral region. Another interesting point to notice here is that the volume observed a relatively low value with high value changing from red to blue candles indicating a shift from sellers to buyers.
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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 downtrend with support from the lower band
- Price volatility was very high. The market moved ~7.39% between $390.1 and $363.25
Today’s Trend analysis
- ETHUSD expected to see an uptrend as the price is trading between the parallel channel
- Price at time of publishing: $366
- ETH’s market cap: $41 Billion
- Oscillator indicators are mostly neutral. RSI at 50
- Moving average indicators are suggesting a downtrend. Ichimoku Cloud is neutral
- Volume indicators observed a relatively low value with high value changing from red to blue candles
Price expected to see an uptrend as the price is trading between the parallel channel. Most of the Oscillator indicators are neutral. MACD line crossed below the signal line, with histogram size increasing in negative direction suggesting bearish bias. RSI at 50, in the neutral region close to the midline. CCI with a value of around -28 in the neutral region. Another interesting point to notice here is that the volume observed a relatively low value with high value changing from red to blue candles indicating a shift from sellers to buyers.
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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 .
----------------------------------------------------------------------------------------
If you find the analysis useful, please like and share our ideas with the community!
- Mudrex
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