Market in last 1 week
-ETHUSD saw a downtrend after Bollinger Band started to squeeze
-Price volatility was very high. The market moved ~17.94%, between $447 and $379
Today’s Trend analysis
-ETHUSD expected to see a sideways movement as Bollinger band squeezes with lower highs observed
-Price at time of publishing: $391
-ETH’s market cap: $44 Billion
-Oscillator indicators are mostly neutral. RSI at 53
-Moving average indicators are biased towards an uptrend. Ichimoku Cloud is neutral
-Volume indicators saw a pattern in the traded volume with a decrease in 20-candle moving average
Price expected to see a sideways movement as Bollinger band squeezes with lower highs observed. Most of the Oscillator indicators are neutral. MACD line crossed below signal line with histogram size increasing in the negative direction. RSI at 53, above the midline still in the neutral region. CCI is around -55, pulled back from overbought region now in the neutral region. Another interesting point to notice here is that volume observed a pattern of increasing to the double of previous and decreasing to the half in the following candle.
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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 .
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If you find the analysis useful, please like and share our ideas with the community!
- Mudrex
-ETHUSD saw a downtrend after Bollinger Band started to squeeze
-Price volatility was very high. The market moved ~17.94%, between $447 and $379
Today’s Trend analysis
-ETHUSD expected to see a sideways movement as Bollinger band squeezes with lower highs observed
-Price at time of publishing: $391
-ETH’s market cap: $44 Billion
-Oscillator indicators are mostly neutral. RSI at 53
-Moving average indicators are biased towards an uptrend. Ichimoku Cloud is neutral
-Volume indicators saw a pattern in the traded volume with a decrease in 20-candle moving average
Price expected to see a sideways movement as Bollinger band squeezes with lower highs observed. Most of the Oscillator indicators are neutral. MACD line crossed below signal line with histogram size increasing in the negative direction. RSI at 53, above the midline still in the neutral region. CCI is around -55, pulled back from overbought region now in the neutral region. Another interesting point to notice here is that volume observed a pattern of increasing to the double of previous and decreasing to the half in the following candle.
----------------------------------------------------------------------------------------
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
