If you find the analysis useful, please like and share our ideas with the community. Any feedback and suggestions would help in further improving the analysis! Quick glance: ETH has been forming lower lows since the past 3 weeks. It is a bearish pattern. However, the price is currently at an interesting crossroad. ETH is at the sturdy support level that has...
If you find the analysis useful, please like and share our ideas with the community. Any feedback and suggestions would help in further improving the analysis! Quick glance: ETH has dropped below the crucial support level. It will now act as a sturdy resistance zone keeping a check on ETH moving higher. On the technical front, price is still below the long...
Market in last 24hrs ETHUSD broke the support of the Bollinger Bands midline. Historically, in the short timeframe of 4H, ETHUSD has respected the midline. Today’s Trend analysis ETHUSD could continue its bearish momentum, and move further downwards towards the lower band of the Bollinger Bands. Price volatility remained high at approximately 6%, with the...
Market in last 24hrs BTCUSDT saw a sideways movement with the price hitting the upper band of BB and then returning to the midline. Today’s Trend analysis BTCUSDT could remain in this consolidation phase, squeezing between the upper band and midline of BB. Price volatility remained at approximately 1.6% Price at the time of publishing: $38,709.41 BTC's...
MFI or Money Flow Index as a strategy is quite similar to RSI or Relative Strength Index. The key differentiator for MFI is the consideration of volume. Money Flow Index oscillator: MFI uses both price and volume to measure buying and selling pressure. MFI oscillates between 0 to 100. Intuitively, the volume-weighted feature makes MFI a comparatively...