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Technicalindicators

ETHUSD(4Hr) : ETH expected to see a sideways momentumMarket in the last 24 hours Price saw a sideways movement with a slight indication of a bearish momentum as it moved below the middle Bollinger band. Trading volume has been high in the last 24 hours. Next 24 hours Trend analysis The price is expected to see a downward momentum till it reaches the bottom Bollinger band after which it is expected to oscillate between the middle and the bottom Bollinger band. The price change was moderate at approximately 3.6%, with the day's range between $3908 — $4163. Price at the time of publishing: $3965 ETH’s market cap: $468 Billion However, the Indicator summary is giving a 'NEUTRAL' signal on ETHUSD. Out of 11 Oscillator indicators, 2 are giving a SELL signal, 9 are neutral and 0 are giving a BUY signal. Out of 15 Moving average indicators, 7 are giving SELL signal, 1 is giving neutral and 7 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!
BINANCE:ETHUSD
by Mudrex
2
DOGEUSD(4Hr) : DOGE can't decide on its momentumMarket in the last 24hrs The price saw a major downward trend from the upper to the lower Bollinger band. Trading volume has been very high in the last 24 hours. Today’s Trend analysis If the price accepts the lower Bollinger band as a support line then the price is expected to see a reversal in its momentum and oscillate between the lower and the middle Bollinger band. If not then the price is expected to continue to move in bearish momentum. Price volatility was low at approximately 2.65%, with the day's range between $0.242 — $0.262. Price at the time of publishing: $0.246 DOGE’s market cap: $32.36 Billion However, the Indicator summary is giving a 'NEUTRAL' signal on DOGEUSD. 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, 8 are giving SELL signal, 1 is giving neutral and 6 are giving a BUY signal. Trading volume has been very high in the last 24 hours. 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 4Hr candles. ---------------------------------------------------------------------------------------- Any feedback and suggestions would help in further improving the analysis!
BINANCE:DOGEUSD
by Mudrex
6
BTCUSD(4Hr) : Bitcoin reaches a new All Time High!!!!!!!!!!!!!!!Market in the last 1 week BTC touched a new all-time high this week and the price is still rising along with the upper Bollinger band. Daily trading volume has been high but can be seen decreasing with an increase in price suggesting that we might soon see some correction. Next Week's Trend analysis The price is expected to continue to move in a bullish momentum till the price accepts the upper band as a resistance line after which the price is expected to oscillate between the upper and the middle Bollinger band. The price change was high at approximately 17.69%, with the week's range between $56868 — $66930. Price at the time of publishing: $65,918 BTC’s market cap: $1.24 Trillion Moreover, the Indicator summary is giving a 'BUY' signal on BTCUSD. Out of 11 Oscillator indicators, 6 are giving a SELL signal, 3 are neutral and 2 are giving a BUY signal. Out of 15 Moving average indicators, 1 is giving SELL signal, 1 is giving neutral and 13 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!
BITSTAMP:BTCUSDLong
by Mudrex
5
XRPUSD(4Hr) : Ripple showing its potentialMarket in the last 24hrs The price saw a bullish momentum as the price moved from the lower to the upper Bollinger band. Trading volume can be seen rising in the last 24 hours while the increase in price suggests a strong bullish momentum. Today’s Trend analysis The price is expected to continue to move in a bullish momentum till it accepts the Upper Bollinger band as a support line after which it is expected to oscillate between the upper and the middle Bollinger band. Price volatility was extremely high at approximately 5.71%, with the day's range between $1.08 — $1.15. Price at the time of publishing: $1.15 XRP’s market cap: $53.73 Billion However, the Indicator summary is giving a 'BUY' signal on XRPUSD. Out of 11 Oscillator indicators, 3 are giving a SELL signal, 6 are neutral and 2 are giving a BUY signal. Out of 15 Moving average indicators, 0 are giving SELL signal, 1 is giving neutral and 14 are giving a BUY signal. Trading volume has been high in the last 24 hours. 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 4Hr candles. ---------------------------------------------------------------------------------------- Any feedback and suggestions would help in further improving the analysis!
BITSTAMP:XRPUSDLong
by Mudrex
4
Dogecoin Price Analysis ( October)After soaring to its highest level in more than a month on Monday, DOGE has reversed most of the week’s gains. The altcoin has dropped by over 10% to find support at October’s crucial level of 0.2400. On a two-hour chart, it is trading along with the 25-day EMA and slightly above the 50-day EMA. In the near term, I expect the altcoin to continue finding support at 0.2400. It will likely trade within a tight range as the bulls gather enough momentum for a breakout. From this perspective, the horizontal channel’s upper border will probably be at the prior resistance zone of 0.2497. If the bulls manage to push Dogecoin price past that level, the next target will be at 0.2555. On the flip side, a move below 0.2400 will have the bears testing the lower support level of 0.2357.
BITFINEX:DOGEUSD
by thomasfullerofficial
KCSUSDT TRENDLINE BREAKOUT!!Kcsusdt Just Break The Strong Resistance Trendline Also Cup And Handle Breakout Is Here. U Can Also Buy Some Kcsusdt Bcz A Good Buying Zone Is Here. Always Take Trade With Proper Risk Management. What Is Cup And Handle Chart Pattern? A Cup And Handle Is A Technical Chart Pattern That Resembles A Cup And Handle Where The Cup Is In The Shape Of A "u" And The Handle Has A Slight Downward Drift. A Cup And Handle Is Considered A Bullish Signal Extending An Uptrend, And Is Used To Spot Opportunities To Go Long. What Is Trendline? A Trend Line Is A Bounding Line For The Price Movement Of A Security. It Is Formed When A Diagonal Line Can Be Drawn Between A Minimum Of Three Or More Price Pivot Points. A Line Can Be Drawn Between Any Two Points, But It Does Not Qualify As A Trend Line Until Tested. Stay Blessed.
Long
by maliktayyab1
LITUSDT JUST TOUCH 100EMA!!As You Can See In This Chart Litusdt Just Touch 100ema And Now Going To Touch 200ema Also In A Triangle If We Get A Breakout From Triangle So It Could Be A Good Buyzone.. Why Is Ema Important? The Ema Gives More Weight To The Most Recent Prices, Thereby Aligning The Average Closer To Current Prices. Short-term Traders Typically Rely On The 12- Or 26-day Ema, While The Ever-popular 50-day And 200-day Ema Is Used By Long-term Investors Stay Blessed.
LLong
by maliktayyab1
1
DOGEUSD(4Hr) : DOGE still have a bullish chanceMarket in the last 24hrs The price saw a downward momentum for the upper to the middle Bollinger band. Trading volume has been very high in the last 24 hours. Today’s Trend analysis The price is on the middle Bollinger band, the likely scenario is that the price accepts the middle band as a support line then the price is expected to move in a bullish momentum till it reaches the upper Bollinger band else it is likely to move in a bearish momentum till it reaches the Bottom Bollinger band. Price volatility was high at approximately 4.17%, with the day's range between $0.241 — $0.256. Price at the time of publishing: $0.245 DOGE’s market cap: $32.2 Billion However, the Indicator summary is giving a 'BUY' signal on DOGEUSD. 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. Trading volume has been very high in the last 24 hours. 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 4Hr candles. ---------------------------------------------------------------------------------------- Any feedback and suggestions would help in further improving the analysis!
BINANCE:DOGEUSDLong
by Mudrex
1
ETHUSD(4Hr) : ETH still has hopeMarket 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. ---------------------------------------------------------------------------------------- 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!
BINANCE:ETHUSD
by Mudrex
XRPUSD(4Hr) : Ripple calm after a little bullish periodMarket in the last 24hrs The price can be seen moving along the bottom Bollinger Band in a slightly bearish momentum. Trading volume can be seen fluctuating between high volume in some intervals and low in other in the last 24 hours. This movement of volume could be due to people uncertain about the future momentum of the price. The high selling candles can be considered as the reason for the current bearish momentum. Today’s Trend analysis The price can be seen moving sideways indicating that the price has accepted the bottom Bollinger band. The price is expected to oscillate between the middle and the bottom Bollinger band. Price volatility was extremely low at approximately 1.69%, with the day's range between $1.10 — $1.16. Price at the time of publishing: $1.14 XRP’s market cap: $53.73 Billion However, the Indicator summary is giving a 'SELL' signal on XRPUSD. 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, 11 are giving SELL signal, 1 is giving neutral and 3 are giving a BUY signal. Trading volume has been high in the last 24 hours. 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 4Hr candles. ---------------------------------------------------------------------------------------- Any feedback and suggestions would help in further improving the analysis!
BITSTAMP:XRPUSD
by Mudrex
1
BTCUSD(1D) : BTC nears its ALL TIME HIGHMarket in the last 1 week In the past 1 week, BTC came near its all-time high and is still having a slight bullish momentum. Daily Trading volume has been high in the last week especially considering the bullish momentum. The high volume is also an indication that the bullish momentum is relatively strong. Next Week's Trend analysis The price is expected to see consolidated momentum with a slight indication of a bullish movement. The price is likely to oscillate between the middle and the upper Bollinger band. The price change was high at approximately 15.4%, with the week's range between $54371 — $62757. Price at the time of publishing: $59874 BTC’s market cap: $1.13 Trillion Moreover, the Indicator summary is giving a 'BUY' signal on BTCUSD. 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, 1 is giving SELL signal, 1 is giving neutral and 13 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!
BITSTAMP:BTCUSDLong
by Mudrex
1
XRPUSD(4Hr) : XRP going back to its original gloryMarket in the last 24hrs The price can be seen oscillating between the middle and the upper Bollinger band. The price can be seen accepting the middle Bollinger band as a support line. Trading volume has been high in the last 24 hours. Today’s Trend analysis The price is expected to oscillate between the middle and the upper Bollinger band if there are no fluctuations in trading volume and it remains high throughout the day. Price volatility was extremely low at approximately 1.69%, with the day's range between $1.10 — $1.16. Price at the time of publishing: $1.14 XRP’s market cap: $53.73 Billion However, the Indicator summary is giving a 'STRONG BUY' signal on XRPUSD. Out of 11 Oscillator indicators, 0 are giving a SELL signal, 8 are neutral and 3 are giving a BUY signal. Out of 15 Moving average indicators, 0 are giving SELL signal, 1 is giving neutral and 14 are giving a BUY signal. Trading volume has been high in the last 24 hours. 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 4Hr candles. ---------------------------------------------------------------------------------------- Any feedback and suggestions would help in further improving the analysis!
BITSTAMP:XRPUSDLong
by Mudrex
DOGEUSD(4Hr) : DOGE still far from moonMarket in the last 24hrs The price can be seen oscillating between the middle and the lower Bollinger band. The recent tick has a high above the middle Bollinger band. Trading volume has been very high in the last 24 hours. Today’s Trend analysis Since the high of the recent tick is above the middle Bollinger band it can be an indication that the price has rejected the middle Bollinger brand as a resistance line. Thus the price is expected to move in a bullish momentum till it reaches the upper band after which it is expected to move sideways and oscillate between the upper and the middle band. Price volatility was low at approximately 1.66%, with the day's range between $0.221 — $0.232. Price at the time of publishing: $0.229 DOGE’s market cap: $30.2 Billion However, the Indicator summary is giving a 'NEUTRAL' signal on DOGEUSD. Out of 11 Oscillator indicators, 0 are giving a SELL signal, 9 are neutral and 2 are giving a BUY signal. Out of 15 Moving average indicators, 8 are giving SELL signal, 1 is giving neutral and 6 are giving a BUY signal. Trading volume has been very high in the last 24 hours. 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 4Hr candles. ---------------------------------------------------------------------------------------- Any feedback and suggestions would help in further improving the analysis!
BINANCE:DOGEUSDLong
by Mudrex
5
ETHUSD(4Hr) : ETH looking to favor the bullsMarket 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: $415 Billion However, the Indicator summary is giving a 'BUY' signal on ETHUSD. Out of 11 Oscillator indicators, 1 is giving a SELL signal, 8 are neutral and 2 are giving a BUY signal. Out of 15 Moving average indicators, 2 are giving SELL signal, 1 is giving neutral and 12 are giving a BUY signal. Traded volume has remained high in the past week. If we don't see a sudden spike in volume then we can expect the above analysis to hold true. ---------------------------------------------------------------------------------------- The analysis is based on signals from 26 technical indicators, out of which 15 are moving averages and the remaining 11 are oscillators. These indicator values are calculated using 1 Day candles. ---------------------------------------------------------------------------------------- Any feedback and suggestions would help in further improving the analysis!
BINANCE:ETHUSDLong
by Mudrex
5
XRPUSD(4HR) : Ripple stabilizes at 1$Market in the last 24hrs The price can be seen moving from the middle to the lower Bollinger band suggesting that the price has rejected the middle band as a support line. Trading volume has been moderate in the last 24 hours. Today’s Trend analysis The price is expected to move in a consolidated manner with a slight indication of bullish momentum. The price is expected to oscillate between the middle and the lower Bollinger band. Price volatility was extremely low at approximately 3.22%, with the day's range between $1.07 — $1.14. Price at the time of publishing: $1.10 XRP’s market cap: $51.58 Billion However, the Indicator summary is giving a 'NEUTRAL' signal on XRPUSD. Out of 11 Oscillator indicators, 2 are giving a SELL signal, 7 are neutral and 2 are giving a BUY signal. Out of 15 Moving average indicators, 7 are giving SELL signal, 1 is giving neutral and 7 are giving a BUY signal. Trading volume has been high in the last 24 hours. 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 4Hr candles. ---------------------------------------------------------------------------------------- Any feedback and suggestions would help in further improving the analysis!
BITSTAMP:XRPUSD
by Mudrex
1
Education Excerpt: SMA, LWMA, GMA, TMA, EMAWe decided to publish second part of the paper on moving averages. The first part detailed Simple Moving Average. In the second part we decided to present: linearly weighted moving average (LWMA), geometric moving average (GMA), triangular moving average (TMA) and exponentially smoothed moving average (EMA). The first part can be read by clicking on chart below: Possible uses of the moving average • Identification of trends • Identification of price extremes • Identification of support and resistance levels • Identification of signals Identification of trend The moving average can be used as simple tool to determine prevailing trend. Simplest way to determine current trend using moving average is to compare current value of security to current value of moving average. If value of moving average is below price of the security, then trend is considered to be upward. Contrary to that when value of moving average is above price of the security then trend is considered to be downward. Another method of determining trend is to use two same moving averages but with different length (different number of hours or days, etc.). These two moving averages would be then plotted on graph as two simple lines occasionally crossing. Trend would be considered upward when shorter moving average would be above longer moving average. Opposite to that, if shorter moving average would be below longer moving average then trend would be regarded to be down. Illustration 1.01 Picture above depicts daily chart of XAUUSD. It is observable that price continued to rise most of the time when it was above 10-day SMA. It is also observable that when price dropped below 10-day SMA then it continued to decline further. Identification of price extremes Analyst can find another utilization of moving average in finding the price extremes. This is possible due to natural tendency of price to move back towards its moving average after it deviated too far from it. Illustration 1.02 Graph above depicts General Motors on daily time frame. It is visible that when price deviated too far from its 10-day SMA then retracement followed. However, it is not a rule that price will retrace full length back to moving average once it deviated too far from it. Identification of support and resistance levels Another possible use of moving averages lies in using them as specific support and resistance levels. In rising markets price has tendency to correct towards moving average before continuing to rise further. Similarly, in declining markets price tends to suddenly increase towards moving average and then drop and continue lower. Identification of signals Generally, when moving average with lower period interval crosses above moving average with longer period interval it is considered bullish signal. On the other hand, when moving average with longer period interval crosses above moving average with lower period interval it is considered bearish signal. These crossovers can serve as specific buy and sell signals in markets that are trending. Illustration 1.03 Picture above shows same graph of General motors as is depicted in Illustration 1.02. However, instead of one 10-day SMA this graph also includes 20-day SMA. It is easily identifiable where these two moving averages cross each other and by doing so generate specific buy and sell signals. However, we have to note that in non-trending markets this method lacks utility since moving averages tend to produce a lot of false signals. The Linearly Weighted Moving Average (LWMA) The Linearly Weighted Moving Average (LWMA) is very similar to the Simple Moving Average (SMA) we introduced in our previous education excerpt. But while SMA gives each time period involved in the calculation same weight LWMA differentiates between the weight linked to each time interval. Normally, 10-day SMA calculation would be conducted by summing up each value per time period and then dividing this result by total number of time intervals (which would be 10 in this particular example). In this calculation each time period (each day) would have 10% weight. However, as mentioned before, LWMA gives each time interval different weight. This unequal redistribution of weight can be achieved in two simple steps. In the first step analyst multiplies each day's value and sums up resulting values together. Then in the second step analyst divides resulting value (from the first step) by the sum of all multipliers. For example, in 10-day LWMA first day's value would be multiplied by 10. Then second day's value would be multiplied by 9; and third day's value would be multiplied by 8 (continuing up to 10 days where last day's value would be multiplied by 1). Resulting value for each time interval would be then summed up and divided by 55 (multipliers: 10+9+8+7+6+5+4+3+2+1 = 55). This simple change in formula would result in giving 10th (most recent day) day in the calculation twice the weight of 5th day and ten times the weight of the 1st day. Calculation of 10-day LWMA for 11th day would then involve weighting data from 2nd day up to 11th day while dropping the 1st day's value from data set being used in the calculation. Assigning different weight to each time interval helps to give more relevance to the most recent days as opposed to giving less importance to days before that. Formula LWMA = / summation of W P = price for the period n = period W = the assigned weight to each period (highest weight goes first and then it linearly declines) Illustration 1.04 Chart above depicts two different moving averages. First is 10-day SMA (blue) and second is 10-day LWMA (yellow). While these two moving averages have same length they are different in shape. This is because of unequal redistribution of weight. This allows LWMA to act in advance of SMA. Geometric Moving Average (GMA) The Geometric Moving Average (GMA) is another form of moving average. But rather than using price in its calculation GMA uses percentage changes between the previous time period and the current time period. This type of moving average distributes weight equally as SMA. In addition to that it suffers from lag. When SMA and GMA (with same length) are plotted on same graph they are not different in shape or dimensions. Therefore they would overlay each other. The Triangular Moving Average (TMA) The Triangular Moving Average (TMA) is another type of moving average that is different from previous types of moving averages in that it is double smoothed. Its calculation begins with taking SMA with predetermined number of bars. After that these results are being used to take SMA of former SMA. However, length of second SMA is only half of that used in calculation of original SMA. For example, 20-day SMA would be smoothed through calculation of 10-day SMA that would use data from 20-day SMA. The result can be then plotted on graph and it is depicted as smoothed line. TMA represents the trend better since it is double smoothed, however, at cost of sensitivity to trend changes. When TMA and SMA (with same length) are plotted on same graph they are different in shape and dimensions. Illustration 1.05 Picture above shows daily graph of PEP. Three moving averages are depicted: SMA, LWMA, TMA. They all observe same 10-days, however, each acts differently. The Exponentially Smoothed Moving Average (EMA) The Exponentially Smoothed Moving Average (EMA) is type of moving average that weights importance on the most recent data. Decrease in weight from one time interval (one day) to another is exponential; and unlike SMA and LWMA exponential moving average has ability to use information outside the length of the moving average. Result from calculation of EMA can be then plotted on graph similarly like result from SMA, LWMA or any other moving average. EMA is considered to be more responsive to trend changes and it can be used when analyst is concerned with effect of lag (which is stronger in SMA and LWMA). Formula EMA = Pricet x k + SMAy x (1-k) t = today k (multiplier) = 2/(number of days in period +1) SMA = simple moving average of closing price y = yesterday Illustration 1.06 Picture above depicts daily graph of Raytheon. It also depicts 10-day SMA and 20-day EMA. It is visible that many fake signals took place once market started to trade sideways. Disclaimer: This content is purely educational.
NASDAQ:AAPLEducation
by Tradersweekly
47
ETHUSD(4Hr) : ETHUSD consolidating at the momentMarket in the last 24 hours The price can be seen moving below the lower Bollinger band after which the price accepted it as a support line and now it can be seen moving along the middle Bollinger band. Trading volume has been moderate and similar throughout the day suggesting a consolidated momentum. Next 24 hours Trend analysis The price is expected to move to the upper Bollinger band after which it is more likely to oscillate between the upper and the lower Bollinger band. The price change was low at approximately 1.8%, with the day's range between $3586 — $3623. Price at the time of publishing: $3577 ETH’s market cap: $422 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, 1 is giving SELL signal, 1 is giving neutral and 13 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!
BINANCE:ETHUSD
by Mudrex
2