ETHUSD(4Hr) : ETH to continue the sideways movement
Market in the last 24hrs
The ETHUSD moved in a consolidated manner as mentioned in the last idea. The trading volume was low in the last 24 hours and the price seems to be similar throughout the day.
Today’s Trend analysis
ETHUSD can continue its consolidated movement till it reaches the middle Bollinger band.
Price volatility remained high at approximately 10.7%, with the day's range between $2306— $2553.
Price at the time of publishing: $2491.5
ETH's market cap: $291.61 Billion
However, the Indicator summary is giving a 'SELL' signal on ETHUSD.
Out of 11 Oscillator indicators, 1 is giving a SELL signal, 9 are neutral and 1 is giving a BUY signal.
Out of 15 Moving average indicators, 12 are giving a SELL signal, 1 is neutral and 2 are giving a BUY signal.
Volumes have remained low in the past 24 hours.
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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 4Hr candles.
Note: Above analysis would hold if we do not encounter a sudden jump in trade volume.
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Any feedback and suggestions would help in further improving the analysis!
The ETHUSD moved in a consolidated manner as mentioned in the last idea. The trading volume was low in the last 24 hours and the price seems to be similar throughout the day.
Today’s Trend analysis
ETHUSD can continue its consolidated movement till it reaches the middle Bollinger band.
Price volatility remained high at approximately 10.7%, with the day's range between $2306— $2553.
Price at the time of publishing: $2491.5
ETH's market cap: $291.61 Billion
However, the Indicator summary is giving a 'SELL' signal on ETHUSD.
Out of 11 Oscillator indicators, 1 is giving a SELL signal, 9 are neutral and 1 is giving a BUY signal.
Out of 15 Moving average indicators, 12 are giving a SELL signal, 1 is neutral and 2 are giving a BUY signal.
Volumes have remained low in the past 24 hours.
----------------------------------------------------------------------------------------
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 4Hr candles.
Note: Above analysis would hold if we do not encounter a sudden jump in trade volume.
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Any feedback and suggestions would help in further improving the analysis!
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