ETHUSD(1D) : ETH saw boost as the daily trading volume rose
Market in the last 1 week
The price saw a major jump as it moved from the middle Bollinger band to above the upper Bollinger band. Trading volume has been moderate but saw a major jump due to which there was a sudden jump in the price.
Next Week's Trend analysis
The price moved above the upper Bollinger band suggesting a momentum reversal so the price is expected to mode in a consolidated movement with a slight indication of bullish momentum.
The price change was low at approximately 1.95%, with the week's range between $3696 — $3837.
Price at the time of publishing: $3774
ETH’s market cap: $443 Billion
However, the Indicator summary is giving a 'BUY' signal on ETHUSD.
Out of 11 Oscillator indicators, 4 are giving a SELL signal, 5 are neutral and 2 are 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 saw a major jump as it moved from the middle Bollinger band to above the upper Bollinger band. Trading volume has been moderate but saw a major jump due to which there was a sudden jump in the price.
Next Week's Trend analysis
The price moved above the upper Bollinger band suggesting a momentum reversal so the price is expected to mode in a consolidated movement with a slight indication of bullish momentum.
The price change was low at approximately 1.95%, with the week's range between $3696 — $3837.
Price at the time of publishing: $3774
ETH’s market cap: $443 Billion
However, the Indicator summary is giving a 'BUY' signal on ETHUSD.
Out of 11 Oscillator indicators, 4 are giving a SELL signal, 5 are neutral and 2 are 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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