Today’s Trend analysis
- Weak uptrend to continue
- Price at time of publishing: $9,340
- BTC’s market cap: $176 Billion
- Oscillator indicators are mostly neutral. RSI at 62
- Moving average indicators are indicating an uptrend. Ichimoku Cloud is neutral
- Volume indicators are indicating continuation of a weak uptrend
Price expected to continue uptrend as price increase was supported by volume. Most of the Oscillator indicators are neutral. MACD is trending up but the histogram size is reducing, indicating that the uptrend is getting weaker. RSI is trending close to 60. Volume indicators are supporting an uptrend as price increase saw increase in volume, suggesting uptrend is supported.
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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 4 hr 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
- Weak uptrend to continue
- Price at time of publishing: $9,340
- BTC’s market cap: $176 Billion
- Oscillator indicators are mostly neutral. RSI at 62
- Moving average indicators are indicating an uptrend. Ichimoku Cloud is neutral
- Volume indicators are indicating continuation of a weak uptrend
Price expected to continue uptrend as price increase was supported by volume. Most of the Oscillator indicators are neutral. MACD is trending up but the histogram size is reducing, indicating that the uptrend is getting weaker. RSI is trending close to 60. Volume indicators are supporting an uptrend as price increase saw increase in volume, suggesting uptrend is supported.
----------------------------------------------------------------------------------------
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 4 hr 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
Trade closed: target reached:
As predicted, price saw an uptrend.
