Market in last 24hrs
-ETHUSD saw a breakout and rejecting from the upper band
-Price volatility was high. The market moved ~6.9%, between $430.5 and $402.76
Today’s Trend analysis
-ETHUSD expected to see a slight downtrend as a gap up was observed post which the price rejected from the upper band
-Price at time of publishing: $421
-ETH’s market cap: $47.5 Billion
-Oscillator indicators are mostly neutral. RSI at 68
-Moving average indicators are suggesting an uptrend. Ichimoku Cloud is neutral
-Volume indicators observed a decrease in volume in the recent candles after a sudden spike
Price expected to see a slight downtrend as a gap up was observed post which the price rejected from the upper band. Most of the Oscillator indicators are neutral. MACD line above the signal line, histogram size decreasing in positive direction. RSI at 68, in the neutral region with a pullback from overbought. CCI with a value of around 127 in the overbought region with a down move indicating a downtrend. Another interesting point to notice here is that the Bollinger band expansion is taking place.
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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 4 Hr 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 a breakout and rejecting from the upper band
-Price volatility was high. The market moved ~6.9%, between $430.5 and $402.76
Today’s Trend analysis
-ETHUSD expected to see a slight downtrend as a gap up was observed post which the price rejected from the upper band
-Price at time of publishing: $421
-ETH’s market cap: $47.5 Billion
-Oscillator indicators are mostly neutral. RSI at 68
-Moving average indicators are suggesting an uptrend. Ichimoku Cloud is neutral
-Volume indicators observed a decrease in volume in the recent candles after a sudden spike
Price expected to see a slight downtrend as a gap up was observed post which the price rejected from the upper band. Most of the Oscillator indicators are neutral. MACD line above the signal line, histogram size decreasing in positive direction. RSI at 68, in the neutral region with a pullback from overbought. CCI with a value of around 127 in the overbought region with a down move indicating a downtrend. Another interesting point to notice here is that the Bollinger band expansion is taking place.
----------------------------------------------------------------------------------------
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 4 Hr 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
