ETHUSD to consolidate (4hr) | BB expands with higher lows
Market in last 24hrs
-ETHUSD saw a sudden down move from $398
-Price volatility was very high. The market moved ~9.94%, between $398 and $362
Today’s Trend analysis
-ETHUSD expected to consolidate further after reaching a low along with that higher lows were observed
-Price at time of publishing: $390
-ETH’s market cap: $44 Billion
-Oscillator indicators are mostly neutral. RSI at 51
-Moving average indicators are biased towards an uptrend. Ichimoku Cloud is neutral
-Volume indicators saw a sudden increase in volume in the red candle when the price fell suggesting strong selling pressure.
Price expected to consolidate as Bollinger Band expands and higher lows were observed. Most of the Oscillator indicators are neutral. MACD histogram is negative, size decreasing in the negative region. RSI at 51, around the midline in the neutral region with a strong upmove. CCI drastically increased from -262 to -8, in the neutral region increasing upwards. Another interesting point to notice here is that there were higher lows observed with Bollinger Band expansion.
----------------------------------------------------------------------------------------
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
-ETHUSD saw a sudden down move from $398
-Price volatility was very high. The market moved ~9.94%, between $398 and $362
Today’s Trend analysis
-ETHUSD expected to consolidate further after reaching a low along with that higher lows were observed
-Price at time of publishing: $390
-ETH’s market cap: $44 Billion
-Oscillator indicators are mostly neutral. RSI at 51
-Moving average indicators are biased towards an uptrend. Ichimoku Cloud is neutral
-Volume indicators saw a sudden increase in volume in the red candle when the price fell suggesting strong selling pressure.
Price expected to consolidate as Bollinger Band expands and higher lows were observed. Most of the Oscillator indicators are neutral. MACD histogram is negative, size decreasing in the negative region. RSI at 51, around the midline in the neutral region with a strong upmove. CCI drastically increased from -262 to -8, in the neutral region increasing upwards. Another interesting point to notice here is that there were higher lows observed with Bollinger Band expansion.
----------------------------------------------------------------------------------------
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
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.