ETHUSD to see an uptrend(4Hr) | Higher lows with BB Expansion
Market in last 24hrs
Today’s Trend analysis
Price expected to see an uptrend as the price is riding the upper band with higher lows observed with Bollinger band expansion. Most of the Oscillator indicators are neutral. MACD line moving above the signal line, with the histogram size increasing in positive region suggesting bullish bias. RSI at 68, in the neutral region above the midline. CCI with a value of around 147 in the overbought region indicating a downtrend. Another interesting point to notice here is that the volume observed a change from a decrease in volume with a price increase to a decrease in volume with the price decline indicating a shift from buyers to sellers.
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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 an uptrend with price riding the upper band
- Price volatility was high. The market moved ~6.95% between $402.62 and $376.44
Today’s Trend analysis
- ETHUSD expected to see an uptrend as the price is riding the upper band with higher lows observed with Bollinger band expansion
- Price at the time of publishing: $395.59
- ETH’s market cap: $44.67 Billion
- Oscillator indicators are mostly neutral. RSI at 68
- Moving average indicators are suggesting an uptrend. Ichimoku Cloud is neutral
- Volume indicators observed a change from a decrease in volume with a price increase to a decrease in volume with the price decline
Price expected to see an uptrend as the price is riding the upper band with higher lows observed with Bollinger band expansion. Most of the Oscillator indicators are neutral. MACD line moving above the signal line, with the histogram size increasing in positive region suggesting bullish bias. RSI at 68, in the neutral region above the midline. CCI with a value of around 147 in the overbought region indicating a downtrend. Another interesting point to notice here is that the volume observed a change from a decrease in volume with a price increase to a decrease in volume with the price decline indicating a shift from buyers to sellers.
----------------------------------------------------------------------------------------
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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