Today’s Trend analysis
- Expected uptrend after a local rebound
- Price at time of publishing: $9,180
- BTC’s market cap: $169 Billion
- Oscillator indicators are mostly neutral. RSI at 53
- Moving average indicators are mixed. Ichimoku Cloud is neutral
- Volume indicators are indicating continuation of uptrend
Price expected to continue uptrend as price increase was supported by volume. Most of the Oscillator indicators are neutral. MACD is trending up and has crossed up 0, which is a bullish sign. RSI is trending close to 50. Volume indicators are supporting an uptrend as price increase saw increase in volume, suggesting uptrend is supported. Another interesting point to notice here is that price bounced back from upper bollinger band.
----------------------------------------------------------------------------------------
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 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 .
----------------------------------------------------------------------------------------
If you find the analysis useful, please like and share our ideas with the community!
- Mudrex
- Expected uptrend after a local rebound
- Price at time of publishing: $9,180
- BTC’s market cap: $169 Billion
- Oscillator indicators are mostly neutral. RSI at 53
- Moving average indicators are mixed. Ichimoku Cloud is neutral
- Volume indicators are indicating continuation of uptrend
Price expected to continue uptrend as price increase was supported by volume. Most of the Oscillator indicators are neutral. MACD is trending up and has crossed up 0, which is a bullish sign. RSI is trending close to 50. Volume indicators are supporting an uptrend as price increase saw increase in volume, suggesting uptrend is supported. Another interesting point to notice here is that price bounced back from upper bollinger band.
----------------------------------------------------------------------------------------
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 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 .
----------------------------------------------------------------------------------------
If you find the analysis useful, please like and share our ideas with the community!
- Mudrex
