ETHUSD(4Hr) : ETH looking to fly high
Market in the last 24hrs
ETHUSD saw a major bullish momentum with price moving from bottom to upper Bollinger band. Trading volume has been high in the last 24 hours. The high volume with an increase in price suggests that the bullish momentum is strong.
Today’s Trend analysis
Price is expected to continue its upward momentum for the next 24 hours. The price is likely to accept the upper Bollinger band as a resistance line and the price may move in a consolidated movement with a slight indication of bullish momentum.
Price volatility was very high at approximately 11.5%, with the day's range between $1759— $2006.
Price at the time of publishing: $1986
ETH's market cap: $231.97 Billion
However, the Indicator summary is giving a 'BUY' signal on ETHUSD.
Out of 11 Oscillator indicators, 1 is giving a SELL signal, 6 are neutral and 3 are giving a BUY signal.
Out of 15 Moving average indicators, 4 are giving a SELL signal, 1 is neutral and 10 are giving a BUY signal.
Trading volume has been high in the last 24 hours.
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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 4Hr candles.
Note: Above analysis would hold if we do not encounter a sudden jump in trade volume.
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Any feedback and suggestions would help in further improving the analysis!
ETHUSD saw a major bullish momentum with price moving from bottom to upper Bollinger band. Trading volume has been high in the last 24 hours. The high volume with an increase in price suggests that the bullish momentum is strong.
Today’s Trend analysis
Price is expected to continue its upward momentum for the next 24 hours. The price is likely to accept the upper Bollinger band as a resistance line and the price may move in a consolidated movement with a slight indication of bullish momentum.
Price volatility was very high at approximately 11.5%, with the day's range between $1759— $2006.
Price at the time of publishing: $1986
ETH's market cap: $231.97 Billion
However, the Indicator summary is giving a 'BUY' signal on ETHUSD.
Out of 11 Oscillator indicators, 1 is giving a SELL signal, 6 are neutral and 3 are giving a BUY signal.
Out of 15 Moving average indicators, 4 are giving a SELL signal, 1 is neutral and 10 are giving a BUY signal.
Trading volume has been high in the last 24 hours.
----------------------------------------------------------------------------------------
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 4Hr candles.
Note: Above analysis would hold if we do not encounter a sudden jump in trade volume.
----------------------------------------------------------------------------------------
Any feedback and suggestions would help in further improving the analysis!
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