ETHUSD(4Hr) : ETH looking to favor the bulls
Market in the last 24 hours
Price can be seen moving sideways and oscillate between the middle and the lower Bollinger band. Trading volume has been high in the last 24 hours.
Next 24 hours Trend analysis
The price can be seen moving above the middle Bollinger band suggesting the price has rejected it as a resistance line thus a bullish momentum is more likely until the price reaches the upper Bollinger band after which consolidated momentum is expected.
The price change was low at approximately 0.5%, with the day's range between $3418 — $3533.
Price at the time of publishing: $3519
ETH’s market cap: $415 Billion
However, the Indicator summary is giving a 'BUY' signal on ETHUSD.
Out of 11 Oscillator indicators, 1 is giving a SELL signal, 8 are neutral and 2 are giving a BUY signal.
Out of 15 Moving average indicators, 2 are giving SELL signal, 1 is giving neutral and 12 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!
Price can be seen moving sideways and oscillate between the middle and the lower Bollinger band. Trading volume has been high in the last 24 hours.
Next 24 hours Trend analysis
The price can be seen moving above the middle Bollinger band suggesting the price has rejected it as a resistance line thus a bullish momentum is more likely until the price reaches the upper Bollinger band after which consolidated momentum is expected.
The price change was low at approximately 0.5%, with the day's range between $3418 — $3533.
Price at the time of publishing: $3519
ETH’s market cap: $415 Billion
However, the Indicator summary is giving a 'BUY' signal on ETHUSD.
Out of 11 Oscillator indicators, 1 is giving a SELL signal, 8 are neutral and 2 are giving a BUY signal.
Out of 15 Moving average indicators, 2 are giving SELL signal, 1 is giving neutral and 12 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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