ETHUSD to see downtrend further(4hr) |MACD suggests bearish bias
Market in last 24hrs
-ETHUSD saw a downtrend, riding the lower band
-Price volatility was high. The market moved ~7.52%, between $431.75 and $401.57
Today’s Trend analysis
-ETHUSD expected to see a further downtrend as lower highs are observed
-Price at time of publishing: $410
-ETH’s market cap: $46.3 Billion
-Oscillator indicators are mostly neutral. RSI at 35
-Moving average indicators are suggesting an downtrend. Ichimoku Cloud is neutral
-Volume indicators saw an increase in volume in the last few candles as red candles were observed suggesting a strong selling pressure
Price expected to see a further downtrend as lower highs were observed. Most of the Oscillator indicators are neutral. MACD line below the signal line, histogram size increasing in the negative direction. RSI at 35, below the midline in the neutral region. CCI with a value of around -212 in the oversold region with a downmove. Another interesting point to notice here is that the volume was increasing despite the red candles were observed suggesting a strong selling pressure.
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The analysis is based on signals from 28 technical indicators, out of which 17 are moving averages and the 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, riding the lower band
-Price volatility was high. The market moved ~7.52%, between $431.75 and $401.57
Today’s Trend analysis
-ETHUSD expected to see a further downtrend as lower highs are observed
-Price at time of publishing: $410
-ETH’s market cap: $46.3 Billion
-Oscillator indicators are mostly neutral. RSI at 35
-Moving average indicators are suggesting an downtrend. Ichimoku Cloud is neutral
-Volume indicators saw an increase in volume in the last few candles as red candles were observed suggesting a strong selling pressure
Price expected to see a further downtrend as lower highs were observed. Most of the Oscillator indicators are neutral. MACD line below the signal line, histogram size increasing in the negative direction. RSI at 35, below the midline in the neutral region. CCI with a value of around -212 in the oversold region with a downmove. Another interesting point to notice here is that the volume was increasing despite the red candles were observed suggesting a strong selling pressure.
----------------------------------------------------------------------------------------
The analysis is based on signals from 28 technical indicators, out of which 17 are moving averages and the 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
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