ETHUSD(4Hr) : ETH still has hope
Market in the last 24 hours
The price can be seen moving sideways while oscillating between the middle and the bottom Bollinger band. Trading volume has been high in the last 24 hours.
Next 24 hours Trend analysis
The price is expected to continue with the sideways momentum while oscillating between the middle and the bottom Bollinger band as they act as strong resistance and support lines respectively.
The price change was low at approximately 1.85%, with the day's range between $3687 — $3843.
Price at the time of publishing: $3811
ETH’s market cap: $450 Billion
However, the Indicator summary is giving a 'BUY' 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, 4 are giving SELL signal, 1 is giving neutral and 10 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 can be seen moving sideways while oscillating between the middle and the bottom Bollinger band. Trading volume has been high in the last 24 hours.
Next 24 hours Trend analysis
The price is expected to continue with the sideways momentum while oscillating between the middle and the bottom Bollinger band as they act as strong resistance and support lines respectively.
The price change was low at approximately 1.85%, with the day's range between $3687 — $3843.
Price at the time of publishing: $3811
ETH’s market cap: $450 Billion
However, the Indicator summary is giving a 'BUY' 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, 4 are giving SELL signal, 1 is giving neutral and 10 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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