ETH expected to see an uptrend(1D) | Very high Volatility
Market in last 1 week
-ETHUSD saw a sideways movement with price breaking the midline Bollinger band
-Price volatility was very high. The market moved ~15.29%, between $424.85 and $368.5
Today’s Trend analysis
-ETHUSD expected to see an uptrend as the price after rejecting from midline got support from the lower band and has broken midline
-Price at time of publishing: $423
-ETH’s market cap: $47.5 Billion
-Oscillator indicators are mostly neutral. RSI at 61
-Moving average indicators are biased towards an uptrend. Ichimoku Cloud is neutral
-Volume indicators saw a decrease in volume as blue candles were observed
Price expected to see an uptrend as the price after rejecting from midline got support from the lower band and has broken midline. Most of the Oscillator indicators are neutral. MACD line moving close from below to signal line with histogram size decreasing in the negative direction. RSI at 61, above the midline still in the neutral region. CCI is around 65, in the neutral region with an up move. Another interesting point to notice here is that volume saw a decrease in volume as blue candles were observed suggesting a weakening buying pressure.
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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 1 D 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 sideways movement with price breaking the midline Bollinger band
-Price volatility was very high. The market moved ~15.29%, between $424.85 and $368.5
Today’s Trend analysis
-ETHUSD expected to see an uptrend as the price after rejecting from midline got support from the lower band and has broken midline
-Price at time of publishing: $423
-ETH’s market cap: $47.5 Billion
-Oscillator indicators are mostly neutral. RSI at 61
-Moving average indicators are biased towards an uptrend. Ichimoku Cloud is neutral
-Volume indicators saw a decrease in volume as blue candles were observed
Price expected to see an uptrend as the price after rejecting from midline got support from the lower band and has broken midline. Most of the Oscillator indicators are neutral. MACD line moving close from below to signal line with histogram size decreasing in the negative direction. RSI at 61, above the midline still in the neutral region. CCI is around 65, in the neutral region with an up move. Another interesting point to notice here is that volume saw a decrease in volume as blue candles were observed suggesting a weakening buying pressure.
----------------------------------------------------------------------------------------
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 1 D 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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