ETHUSD(4Hr) : ETH expected to see a sideways momentum
Market in the last 24 hours
Price saw a sideways movement with a slight indication of a bearish momentum as it moved below the middle Bollinger band. Trading volume has been high in the last 24 hours.
Next 24 hours Trend analysis
The price is expected to see a downward momentum till it reaches the bottom Bollinger band after which it is expected to oscillate between the middle and the bottom Bollinger band.
The price change was moderate at approximately 3.6%, with the day's range between $3908 — $4163.
Price at the time of publishing: $3965
ETH’s market cap: $468 Billion
However, the Indicator summary is giving a 'NEUTRAL' signal on ETHUSD.
Out of 11 Oscillator indicators, 2 are giving a SELL signal, 9 are neutral and 0 are giving a BUY signal.
Out of 15 Moving average indicators, 7 are giving SELL signal, 1 is giving neutral and 7 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!
Price saw a sideways movement with a slight indication of a bearish momentum as it moved below the middle Bollinger band. Trading volume has been high in the last 24 hours.
Next 24 hours Trend analysis
The price is expected to see a downward momentum till it reaches the bottom Bollinger band after which it is expected to oscillate between the middle and the bottom Bollinger band.
The price change was moderate at approximately 3.6%, with the day's range between $3908 — $4163.
Price at the time of publishing: $3965
ETH’s market cap: $468 Billion
However, the Indicator summary is giving a 'NEUTRAL' signal on ETHUSD.
Out of 11 Oscillator indicators, 2 are giving a SELL signal, 9 are neutral and 0 are giving a BUY signal.
Out of 15 Moving average indicators, 7 are giving SELL signal, 1 is giving neutral and 7 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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