BTCUSD to see a slight uptrend(4Hr)! | Price riding lower band

Market in last 24hrs

• BTCUSD saw a downtrend with price riding the lower Bollinger band
  
• Price volatility was very high. The market moved ~12.54%, between $12.59k and $10k
  

Today’s Trend analysis

• BTCUSD expected to see a slight uptrend as price was riding the lower band and got support from lower band
  
• Price at time of publishing: $10,413
  
• BTC’s market cap: $191 Billion
  
• Oscillator indicators are mostly neutral. RSI at 26
  
• Moving average indicators are indicating a downtrend. Ichimoku Cloud is neutral
  
• Volume indicators observed high values for the red candles while remaining low otherwise
  

Price expected to see a slight uptrend as price was riding the lower band and got support from lower band. Most of the Oscillator indicators are neutral. MACD line approaching from below the signal line, with the histogram size decreasing in the negative direction. RSI at 26, in the oversold region suggesting a trend reversal. CCI at around -111, in the oversold region with an up move indicating an uptrend. Another interesting point to notice here is that the volume saw higher values for red candles and remaining low otherwise suggesting a strong selling pressure.
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The analysis is based on signals from 28 technical indicators, out of which 17 are moving averages and the 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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- Mudrex