BTCUSD to move sideways(4Hr)! | LH with upper band rejection
Market in last 24hrs
Today’s Trend analysis
Price expected to see a sideways movement as the price saw higher lows with getting a rejection from the upper band. Most of the Oscillator indicators are neutral. MACD line moving above the signal line, with the histogram size decreasing in the positive direction. RSI at 50, close to the midline in the neutral region. CCI at around 62, in the neutral region. Another interesting point to notice here is that the volume observed an increase in value as the uptrend was seen and saw a decrease after that indicating a weakening 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 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
- BTCUSD saw an uptrend with the price getting resistance from the upper band
- Price volatility was high. The market moved ~2.44%, between 10.42k and 0.17k
Today’s Trend analysis
- BTCUSD expected to see a sideways movement as the price saw higher lows with getting a rejection from the upper band
- Price at time of publishing: $10,289
- BTC’s market cap: $190 Billion
- Oscillator indicators are mostly neutral. RSI at 50
- Moving average indicators are mostly neutral. Ichimoku Cloud is neutral
- Volume indicators observed an increase in value as the uptrend was seen and saw a decrease after that
Price expected to see a sideways movement as the price saw higher lows with getting a rejection from the upper band. Most of the Oscillator indicators are neutral. MACD line moving above the signal line, with the histogram size decreasing in the positive direction. RSI at 50, close to the midline in the neutral region. CCI at around 62, in the neutral region. Another interesting point to notice here is that the volume observed an increase in value as the uptrend was seen and saw a decrease after that indicating a weakening 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 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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