ETH - Local Downtrend To Continue. Avoid The Bull Trap!
Market in last 24hrs
- As predicted in the previous analysis, ETHUSD price saw a downtrend
- Price volatility was high. Market moved ~10%, between $217.5 and $236.6
Today’s Trend analysis
- Downtrend today
- Price at time of publishing: $233
- ‘Oscillator‘ indicators are indicating a downtrend. RSI at 47
- ‘Moving average‘ indicators are mixed. Ichimoku Cloud is neutral
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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 in the previous analysis, ETHUSD price saw a downtrend
- Price volatility was high. Market moved ~10%, between $217.5 and $236.6
Today’s Trend analysis
- Downtrend today
- Price at time of publishing: $233
- ‘Oscillator‘ indicators are indicating a downtrend. RSI at 47
- ‘Moving average‘ indicators are mixed. Ichimoku Cloud is neutral
----------------------------------------------------------------------------------------
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: stop reached
