Market in last 1 week
Today’s Trend analysis
Price expected to see a downtrend as the price is riding the lower band with the Bollinger band expanding. Most of the Oscillator indicators are neutral. MACD moving below the signal line with histogram size increasing in the negative direction suggesting a bearish bias. RSI at 35, below the midline, still in the neutral region. CCI is around -230, in the oversold region indicating an uptrend. Another interesting point to notice here is that the volumes observed an increase in volume as the price fall suggesting a strong selling 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 1 D 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
- BTCUSD saw a downtrend after getting rejected from the midline band
- Price volatility was very high. The market moved ~23.16%, between $12.08k and $9.8k
Today’s Trend analysis
- BTCUSD expected to see a downtrend as the price is riding the lower band with Bollinger band expanding
- Price at time of publishing: $10,167
- BTC’s market cap: $186 Billion
- Oscillator indicators are mostly neutral. RSI at 35
- Moving average indicators are suggesting a downtrend. Ichimoku Cloud is neutral
- Volume indicators observed an increase in volume as the price falls suggesting a strong selling pressure
Price expected to see a downtrend as the price is riding the lower band with the Bollinger band expanding. Most of the Oscillator indicators are neutral. MACD moving below the signal line with histogram size increasing in the negative direction suggesting a bearish bias. RSI at 35, below the midline, still in the neutral region. CCI is around -230, in the oversold region indicating an uptrend. Another interesting point to notice here is that the volumes observed an increase in volume as the price fall suggesting a strong selling 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 1 D 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
