Market in last 24 hrs
- As predicted yesterday, ETHUSD price moved up
- Market moved ~6%, between $207.5 and $224.8
Today’s Trend analysis
- Sideways/consolidation today
- Price at time of publishing: $220.3
- ‘Oscillator‘ indicators are mostly neutral. RSI at 68
- ‘Moving average‘ indicators are indicating a uptrend. Ichimoku Cloud is neutral
Price expected to consolidate today. Most of the Oscillator indicators are neutral and compared to yesterday some more have now flipped to indicate a neutral momentum. MACD histogram continues in positive zone. RSI is trending sideways, currently at 68 but CCI is trending down, currently at 101. CCI is about to cross down 100, indicating that bear momentum is building up. Price has bounced back from upper Bollinger Band. Overall, bulls are getting exhausted and bears are gaining strength. We can expect a trend reversal soon.
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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
- As predicted yesterday, ETHUSD price moved up
- Market moved ~6%, between $207.5 and $224.8
Today’s Trend analysis
- Sideways/consolidation today
- Price at time of publishing: $220.3
- ‘Oscillator‘ indicators are mostly neutral. RSI at 68
- ‘Moving average‘ indicators are indicating a uptrend. Ichimoku Cloud is neutral
Price expected to consolidate today. Most of the Oscillator indicators are neutral and compared to yesterday some more have now flipped to indicate a neutral momentum. MACD histogram continues in positive zone. RSI is trending sideways, currently at 68 but CCI is trending down, currently at 101. CCI is about to cross down 100, indicating that bear momentum is building up. Price has bounced back from upper Bollinger Band. Overall, bulls are getting exhausted and bears are gaining strength. We can expect a trend reversal soon.
----------------------------------------------------------------------------------------
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
