ETHUSD(4Hr) : Ethereum moving sideways
Market in the last 24 hours
The price can be seen moving in an upward momentum as the price accepts the lower Bollinger band as a support line. Trading volume has been moderate in the last 24 hours.
Next 24 hours Trend analysis
The price is near the middle Bollinger band which is a critical resistance line. If the price accepts the middle Bollinger band as a resistance line the price will continue to oscillate between the middle and the lower Bollinger band. Else if the price rejects it then the price will continue to move in a bullish manner till it reaches the upper Bollinger band.
The price change was low at approximately 0.2%, with the week's range between $2793 — $2947.
Price at the time of publishing: $2943
ETH’s market cap: $346 Billion
However, the Indicator summary is giving a 'SELL' signal on ETHUSD.
Out of 11 Oscillator indicators, 1 is giving a SELL signal, 9 are neutral and 1 is giving a BUY signal.
Out of 15 Moving average indicators, 12 are giving SELL signal, 1 is giving neutral and 2 are giving a BUY signal.
Traded volume has remained high in the past week. If we don't see a sudden spike in volume then we can expect the above analysis to hold true.
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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 1 Day candles.
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Any feedback and suggestions would help in further improving the analysis!
The price can be seen moving in an upward momentum as the price accepts the lower Bollinger band as a support line. Trading volume has been moderate in the last 24 hours.
Next 24 hours Trend analysis
The price is near the middle Bollinger band which is a critical resistance line. If the price accepts the middle Bollinger band as a resistance line the price will continue to oscillate between the middle and the lower Bollinger band. Else if the price rejects it then the price will continue to move in a bullish manner till it reaches the upper Bollinger band.
The price change was low at approximately 0.2%, with the week's range between $2793 — $2947.
Price at the time of publishing: $2943
ETH’s market cap: $346 Billion
However, the Indicator summary is giving a 'SELL' signal on ETHUSD.
Out of 11 Oscillator indicators, 1 is giving a SELL signal, 9 are neutral and 1 is giving a BUY signal.
Out of 15 Moving average indicators, 12 are giving SELL signal, 1 is giving neutral and 2 are giving a BUY signal.
Traded volume has remained high in the past week. If we don't see a sudden spike in volume then we can expect the above analysis to hold true.
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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 1 Day candles.
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Any feedback and suggestions would help in further improving the analysis!
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