ETHUSD to see an uptrend(4hr)! | Bollinger Band squeeze
Market in last 24hrs
Today’s Trend analysis
Price expected to see a slight uptrend as the Bollinger band squeeze takes place with price reaching the midline. Most of the Oscillator indicators are neutral. MACD line moving above the signal line, with histogram size increasing in positive direction suggesting bullish bias. RSI at 42, in the neutral region below the midline. CCI with a value of around -10 in the neutral region. Another interesting point to notice here is that the volume observed a decrease as the price increases indicating s shift from sellers to buyers.
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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 4Hr 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
- ETHUSD saw a sideways movement reaching the midline Bollinger band
- Price volatility was very high. The market moved ~10.47%, between $357. and $323.17
Today’s Trend analysis
- ETHUSD expected to see a slight uptrend as the Bollinger band squeeze takes place with price reaching the midline
- Price at time of publishing: $345
- ETH’s market cap: 39.1Billion
- Oscillator indicators are mostly neutral. RSI at 41
- Moving average indicators are suggesting a downtrend. Ichimoku Cloud is neutral
- Volume indicators observed a decrease as the price increases indicating s shift from sellers to buyers
Price expected to see a slight uptrend as the Bollinger band squeeze takes place with price reaching the midline. Most of the Oscillator indicators are neutral. MACD line moving above the signal line, with histogram size increasing in positive direction suggesting bullish bias. RSI at 42, in the neutral region below the midline. CCI with a value of around -10 in the neutral region. Another interesting point to notice here is that the volume observed a decrease as the price increases indicating s shift from sellers to buyers.
----------------------------------------------------------------------------------------
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 4Hr 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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