Market in the last 24hrs
ETHUSD saw a bearish trend from price moving from the upper Bollinger band to the lower Bollinger band. Trading volume has been on the higher side of the spectrum in the last 24 hours.
Today’s Trend analysis
As the latest candle can be seen moving up, it looks like the price has accepted the Bottom Bollinger band as a support line and we can see some consolidation followed by a bull run. There is a chance that this might be a false breakout and we can see a continuation of the current bearish run.
Price volatility was high at approximately 8.11%, with the day's range between $1794— $2019.
Price at the time of publishing: $1847
ETH's market cap: $215 Billion
However, the Indicator summary is giving a 'SELL' 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, 13 are giving a SELL signal, 1 is neutral and 1 is giving a BUY signal.
Volumes have remained low in the past 24 hours.
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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.
Note: Above analysis would hold if we do not encounter a sudden jump in trade volume.
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Any feedback and suggestions would help in further improving the analysis!
ETHUSD saw a bearish trend from price moving from the upper Bollinger band to the lower Bollinger band. Trading volume has been on the higher side of the spectrum in the last 24 hours.
Today’s Trend analysis
As the latest candle can be seen moving up, it looks like the price has accepted the Bottom Bollinger band as a support line and we can see some consolidation followed by a bull run. There is a chance that this might be a false breakout and we can see a continuation of the current bearish run.
Price volatility was high at approximately 8.11%, with the day's range between $1794— $2019.
Price at the time of publishing: $1847
ETH's market cap: $215 Billion
However, the Indicator summary is giving a 'SELL' 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, 13 are giving a SELL signal, 1 is neutral and 1 is giving a BUY signal.
Volumes have remained low in the past 24 hours.
----------------------------------------------------------------------------------------
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.
Note: Above analysis would hold if we do not encounter a sudden jump in trade volume.
----------------------------------------------------------------------------------------
Any feedback and suggestions would help in further improving the analysis!
