ETHUSD to see sideways movement (4hr) | Bollinger Band squeezes
Market in last 24hrs
-ETHUSD saw an uptrend after rejecting from 408
-Price volatility was high. The market moved ~4.88%, between $408 and $389
Today’s Trend analysis
-ETHUSD expected to move sideways as Bollinger Band squeezing and acting as resistance
-Price at time of publishing: $395
-ETH’s market cap: $44 Billion
-Oscillator indicators are mostly neutral. RSI at 58
-Moving average indicators are biased towards an uptrend. Ichimoku Cloud is neutral
-Volume indicators saw a decrease in the volume in last few candles despite the price rejection indicating a weak selling pressure.
Price expected to move sideways as Bollinger Band squeezes. Most of the Oscillator indicators are neutral. MACD histogram is negative, size constant in the negative region. RSI at 58, above the midline in the neutral region. CCI dropped from 143 to 51, in the neutral region decreasing downwards. Another interesting point to notice here is that the Bollinger Band squeezes.
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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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If you find the analysis useful, please like and share our ideas with the community!
- Mudrex
-ETHUSD saw an uptrend after rejecting from 408
-Price volatility was high. The market moved ~4.88%, between $408 and $389
Today’s Trend analysis
-ETHUSD expected to move sideways as Bollinger Band squeezing and acting as resistance
-Price at time of publishing: $395
-ETH’s market cap: $44 Billion
-Oscillator indicators are mostly neutral. RSI at 58
-Moving average indicators are biased towards an uptrend. Ichimoku Cloud is neutral
-Volume indicators saw a decrease in the volume in last few candles despite the price rejection indicating a weak selling pressure.
Price expected to move sideways as Bollinger Band squeezes. Most of the Oscillator indicators are neutral. MACD histogram is negative, size constant in the negative region. RSI at 58, above the midline in the neutral region. CCI dropped from 143 to 51, in the neutral region decreasing downwards. Another interesting point to notice here is that the Bollinger Band squeezes.
----------------------------------------------------------------------------------------
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 .
----------------------------------------------------------------------------------------
If you find the analysis useful, please like and share our ideas with the community!
- Mudrex
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