Market in last 24hrs
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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 4Hr candles.
Note: Above analysis would hold true if we do not encounter a sudden jump in trade volume .
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If you find the analysis useful, please like and share our ideas with the community as well as follow to stay updated with new ideas!
- Mudrex
- ETHUSD saw a downtrend with the upper Bollinger band resistance
- Price volatility was very high. The market moved ~6.03% between $624.57 and $589.04
- ETHUSD expected to see a slight downtrend with the price observing upper band resistance and double top pattern observed
- Price at the time of publishing: $594.43
- ETH’s market cap: $67.52 Billion
- Oscillator indicators are mostly neutral. RSI at 50
- Moving average indicators are suggesting a downtrend. Ichimoku Cloud is neutral
- Volume indicators observed an increase with an increase in price while a decrease in volume with a decline in price
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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 4Hr candles.
Note: Above analysis would hold true if we do not encounter a sudden jump in trade volume .
----------------------------------------------------------------------------------------
If you find the analysis useful, please like and share our ideas with the community as well as follow to stay updated with new ideas!
- Mudrex