ETHUSD(4Hr) : ETH slowly rising in a bullish momentum

11 thg 8, 2021

Market in the last 24hrs
The price is slowly moving in an upward momentum over the trend line as the price moved from the middle to the upper Bollinger band. Trading volume has been moderate in the last 24 hours.

Today’s Trend analysis
Price is expected to continue to move along the trend line in a bullish momentum along with oscillating between the middle and the upper Bollinger band.

Price volatility was very high at approximately 4.1%, with the day's range between $3099 — $3269.
Price at the time of publishing: $3240
ETH's market cap: $379.51 Billion

However, the Indicator summary is giving a 'BUY' signal on ETHUSD.

Out of 11 Oscillator indicators, 4 are giving a SELL signal, 6 are neutral and 1 is giving a BUY signal.

Out of 15 Moving average indicators, 1 is giving a SELL signal, 1 is neutral and 13 are giving a BUY signal.

Trading volume has been moderate in the last 24 hours.
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The analysis is based on signals from 26 technical indicators, out of which 15 are moving averages and the remaining 11 are oscillators. These indicator values are calculated using 4Hr candles.

Note: Above analysis would hold if we do not encounter a sudden jump in trade volume.

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Any feedback and suggestions would help in further improving the analysis!