BTCUSD to see an uptrend(4Hr)! | Three drivers Pattern seen

2020년 8월 28일

Market in last 24hrs
-BTCUSD saw an uptrend after getting support from $11,122 at the lower band
-Price volatility was low. The market moved ~1.66%, between 11.3k and 11.12k

Today’s Trend analysis
-BTCUSD expected to see an uptrend as three driver pattern was observed with trading inside the bands
-Price at time of publishing: $11,456
-BTC’s market cap: $211 Billion
-Oscillator indicators are mostly neutral. RSI at 48
-Moving average indicators are indicating an uptrend. Ichimoku Cloud is neutral
-Volume indicators observed an increase in the recent candles with a spike with the highest price seen

Price expected to see an uptrend as three driver pattern was observed with trading inside the bands. Most of the Oscillator indicators are neutral. MACD crossed above the signal line, with histogram size increasing in positive direction. RSI at 48, close to the midline still in the neutral region. CCI at around 55, in the neutral region with an up move. Another interesting point to notice here is that the volume in the recent candles saw an increase with a spike observed with the highest price.
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The analysis is based on signals from 28 technical indicators, out of which 17 are moving averages and the remaining 11 are oscillators. These indicator values are calculated using 1 D 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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- Mudrex