ETHUSD to see a downtrend(4hr)! | Ichimoku indicates bearish
Market in last 24hrs
Today’s Trend analysis
Price expected to see a downtrend as price moved sideways after getting support from the lower band, with baseline above the conversion line and price below the Ichimoku cloud. Most of the Oscillator indicators are neutral. MACD line approaching the signal line from below, with the histogram size decreasing in negative region suggesting bearish bias. RSI at 30, in the neutral region close to oversold. CCI with a value of around -86 in the neutral region. Another interesting point to notice here is that the Bollinger band is moving down and volume observed a similar value in the recent candles with a spike observed for a blue candle indicating bearish momentum.
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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 consolidation followed by a decline in price moving sideways
- Price volatility was very high. The market moved ~4.22% between $346.84 and $332.77
Today’s Trend analysis
- ETHUSD expected to see a downtrend as price moved sideways after getting support from the lower band, with baseline above the conversion line and price below the Ichimoku cloud
- Price at time of publishing: $335.37
- ETH’s market cap: $37.8 Billion
- Oscillator indicators are mostly neutral. RSI at 30
- Moving average indicators are suggesting a downtrend. Ichimoku Cloud is neutral
- Volume indicators observed a similar value in the recent candles with a spike observed for a blue candle
Price expected to see a downtrend as price moved sideways after getting support from the lower band, with baseline above the conversion line and price below the Ichimoku cloud. Most of the Oscillator indicators are neutral. MACD line approaching the signal line from below, with the histogram size decreasing in negative region suggesting bearish bias. RSI at 30, in the neutral region close to oversold. CCI with a value of around -86 in the neutral region. Another interesting point to notice here is that the Bollinger band is moving down and volume observed a similar value in the recent candles with a spike observed for a blue candle indicating bearish momentum.
----------------------------------------------------------------------------------------
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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