ETHUSD to see an uptrend(4Hr) | Potential Double bottom observed

2020년 9월 17일

Market in last 24hrs

• ETHUSD saw an uptrend price increasing from the lower band to upper band
  
• Price volatility was very high. The market moved ~7.36% between $385.15 and $358.72
  

Today’s Trend analysis

• ETHUSD expected to see an uptrend as potential double bottom pattern was observed
  
• Price at time of publishing: $380
  
• ETH’s market cap: $42 Billion
  
• Oscillator indicators are mostly neutral. RSI at 57
  
• Moving average indicators are suggesting an uptrend. Ichimoku Cloud is neutral
  
• Volume indicators observed ups and down with relatively high value for blue candles than red ones
  

Price expected to see an uptrend as a potential double bottom pattern was observed. Most of the Oscillator indicators are neutral. MACD line crossed above the signal line, with the histogram in positive region suggesting bullish bias. RSI at 57, in the neutral region above the midline. CCI with a value of around 96 in the neutral region with an upmove. Another interesting point to notice here is that the volume observed ups and down with relatively high value for blue candles than red ones indicating a strengthening 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.

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