ETHUSD(4Hr) : ETH slowly moving upwards

2021년 7월 23일

Market in the last 24hrs
The price saw bullish momentum in the last 24 hours. The price can be seen moving along the upper Bollinger band. Trading volume has been high in the last 24 hours.

Today’s Trend analysis
The price is expected to move in a consolidated movement with a slight indication of a bullish momentum till it reaches the upper Bollinger band.

Price volatility was very low at approximately 3.54%, with the day's range between $1954— $2092.
Price at the time of publishing: $2053
ETH's market cap: $239.81 Billion

However, the Indicator summary is giving a 'BUY' signal on ETHUSD.

Out of 11 Oscillator indicators, 2 are giving a SELL signal, 7 are neutral and 2 are giving a BUY signal.

Out of 15 Moving average indicators, 2 are giving a SELL signal, 1 is neutral and 12 are giving a BUY signal.

Trading volume has been high in the last 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!