ETHUSD(4Hr) : ETH calming after seeing some bullish days
Market in the last 24 hours
The price moved in sideways with a little indication of bullish momentum. Trading volume has been very high in the last 24 hours.
Next 24 hours Trend analysis
The price is expected to move sideways between the upper and the lower Bollinger band. The volatility is expected to be low as the gap between the Bollinger band is very less.
The price change was low at approximately 0.9%, with the week's range between $3360 — $3471.
Price at the time of publishing: $3454
ETH’s market cap: $406 Billion
However, the Indicator summary is giving a 'BUY' 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, 0 are giving SELL signal, 1 is giving neutral and 14 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 moved in sideways with a little indication of bullish momentum. Trading volume has been very high in the last 24 hours.
Next 24 hours Trend analysis
The price is expected to move sideways between the upper and the lower Bollinger band. The volatility is expected to be low as the gap between the Bollinger band is very less.
The price change was low at approximately 0.9%, with the week's range between $3360 — $3471.
Price at the time of publishing: $3454
ETH’s market cap: $406 Billion
However, the Indicator summary is giving a 'BUY' 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, 0 are giving SELL signal, 1 is giving neutral and 14 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.
----------------------------------------------------------------------------------------
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.
----------------------------------------------------------------------------------------
Any feedback and suggestions would help in further improving the analysis!
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