BTCUSD to see an uptrend(4Hr) | Trade b/w upper and mildine band

Market in last 24hrs
-BTCUSD saw an uptrend and later rejected from upper band
-Price volatility was low. The market moved ~1.46%, between 11.73k and 11.56k

Today’s Trend analysis
-BTCUSD expected to see a slight uptrend as the price is trading between upper and midline band with higher lows
-Price at time of publishing: $11,690
-BTC’s market cap: $215 Billion
-Oscillator indicators are mostly neutral. RSI at 54
-Moving average indicators are indicating an uptrend. Ichimoku Cloud is neutral
-Volume indicators observed an increase in the blue candles and a decrease in red candles

Price expected to see a slight uptrend as the price is trading between upper and midline band with higher lows. Most of the Oscillator indicators are neutral. MACD approaching the signal line from above, with histogram size decreasing in the positive direction. RSI at 54, above to the midline still in the neutral region. CCI at around 86, in the neutral region after a pull back from overbought region. Another interesting point to notice here is that the volume in the recent candles saw an increase with blue candles and a decrease with red candles suggesting a strong buying pressure.
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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 1 D candles.

DM to get details of the above analysis and list of indicator & their values used to arrive at the above conclusion.

Note: Above analysis would hold true if we do not encounter sudden jump in trade volume .

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- Mudrex
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