ETHUSD to see a continued uptrend(4Hr) | Higher lows observed

Market in last 24hrs

• ETHUSD saw an uptrend after the price observed support from the lower Bollinger band
  
• Price volatility was high. The market moved ~4.54% between $469.38 and $448.98
  

Today’s Trend analysis

• ETHUSD expected to see an uptrend as the price observed higher lows with the Bollinger band starting to squeeze
  
• Price at the time of publishing: $465.57
  
• ETH’s market cap: $52.7 Billion
  
• Oscillator indicators are mostly neutral. RSI at 57
  
• Moving average indicators are suggesting an uptrend. Ichimoku Cloud is neutral
  
• Volume indicators observed a change from increasing with the price increase to decreasing with the price increase
  

Price expected to see an uptrend as the price observed higher lows with the Bollinger band starting to squeeze. Most of the Oscillator indicators are neutral. MACD line crossed above the signal line, with the histogram size increasing in the positive region suggesting bullish bias. RSI at 57, in the neutral region above the midline. CCI with a value of around 95 in the neutral region with an up move. Another interesting point to notice here is that the volume observed a change from increasing with the price increase to decreasing with the price increase indicating a weak buying pressure.
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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.

Note: Above analysis would hold true if we do not encounter sudden jump in trade volume .

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- Mudrex