ETH expected to see an uptrend! | Series of HH and HL observed
Market in last 1 week
-ETHUSD saw consolidation after rejecting from $408
-Price volatility was very high. The market moved ~12.7%, between $408 and $362
Today’s Trend analysis
-ETHUSD expected to see a continued uptrend as a series of higher highs and higher lows observed in recent candles
-Price at time of publishing: $397
-ETH’s market cap: $44.6 Billion
-Oscillator indicators are mostly neutral. RSI at 72
-Moving average indicators are biased towards an uptrend. Ichimoku Cloud is neutral
-Volume indicators saw similar volume levels except for the fall of volume in the recent red candles.
Price expected to see a continued uptrend as a series of higher highs and higher lows have been observed. Most of the Oscillator indicators are neutral. MACD histogram size decreasing in the positive region, with signal line expected to see a crossover MACD line indicating a trend reversal. RSI at 72, in the overbought region indicating a bullish bias. CCI is around 79, and in neutral region trending down, decreased from 333 to 79. Another interesting point to notice here is that volume was constant but fell down when red candles were observed indicating weak selling pressure.
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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 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 consolidation after rejecting from $408
-Price volatility was very high. The market moved ~12.7%, between $408 and $362
Today’s Trend analysis
-ETHUSD expected to see a continued uptrend as a series of higher highs and higher lows observed in recent candles
-Price at time of publishing: $397
-ETH’s market cap: $44.6 Billion
-Oscillator indicators are mostly neutral. RSI at 72
-Moving average indicators are biased towards an uptrend. Ichimoku Cloud is neutral
-Volume indicators saw similar volume levels except for the fall of volume in the recent red candles.
Price expected to see a continued uptrend as a series of higher highs and higher lows have been observed. Most of the Oscillator indicators are neutral. MACD histogram size decreasing in the positive region, with signal line expected to see a crossover MACD line indicating a trend reversal. RSI at 72, in the overbought region indicating a bullish bias. CCI is around 79, and in neutral region trending down, decreased from 333 to 79. Another interesting point to notice here is that volume was constant but fell down when red candles were observed indicating weak selling pressure.
----------------------------------------------------------------------------------------
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
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