Market in the last 24hrs
ETHUSD saw a slightly bullish trend in the last 24 and touched the upper Bollinger band and now can be seen doing in downward momentum. Trading volume has been low in the last 24 hours.
Today’s Trend analysis
Price is expected to see a downtrend till it reaches the middle Bollinger band. Then if the price accepts the middle band as a support line then we might see the price follow the bullish trend line. But if the price rejects it as a support line then we might see the continuation of the downtrend momentum of price.
Price volatility was low at approximately 2.34%, with the day's range between $2281— $2404.
Price at the time of publishing: $2369
ETH's market cap: $276 Billion
However, the Indicator summary is giving a 'BUY' signal on ETHUSD.
Out of 11 Oscillator indicators, 2 are giving a SELL signal, 8 are neutral and 1 is giving a BUY signal.
Out of 15 Moving average indicators, 1 is giving a SELL signal, 1 is neutral and 13 are giving a BUY signal.
Volumes have remained low in the past 24 hours. The above analysis is supposed to hold if we don't see a sudden spike in the volume.
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The analysis is based on signals from 26 technical indicators, out of which 15 are moving averages and the remaining 11 are oscillators. These indicator values are calculated using 4Hr candles.
Note: Above analysis would hold if we do not encounter a sudden jump in trade volume.
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Any feedback and suggestions would help in further improving the analysis!
ETHUSD saw a slightly bullish trend in the last 24 and touched the upper Bollinger band and now can be seen doing in downward momentum. Trading volume has been low in the last 24 hours.
Today’s Trend analysis
Price is expected to see a downtrend till it reaches the middle Bollinger band. Then if the price accepts the middle band as a support line then we might see the price follow the bullish trend line. But if the price rejects it as a support line then we might see the continuation of the downtrend momentum of price.
Price volatility was low at approximately 2.34%, with the day's range between $2281— $2404.
Price at the time of publishing: $2369
ETH's market cap: $276 Billion
However, the Indicator summary is giving a 'BUY' signal on ETHUSD.
Out of 11 Oscillator indicators, 2 are giving a SELL signal, 8 are neutral and 1 is giving a BUY signal.
Out of 15 Moving average indicators, 1 is giving a SELL signal, 1 is neutral and 13 are giving a BUY signal.
Volumes have remained low in the past 24 hours. The above analysis is supposed to hold if we don't see a sudden spike in the volume.
----------------------------------------------------------------------------------------
The analysis is based on signals from 26 technical indicators, out of which 15 are moving averages and the remaining 11 are oscillators. These indicator values are calculated using 4Hr candles.
Note: Above analysis would hold if we do not encounter a sudden jump in trade volume.
----------------------------------------------------------------------------------------
Any feedback and suggestions would help in further improving the analysis!
