ETHUSD - Strong Uptrend Today. Price Technical Analysis #31
Market in last 24 hrs
- ETHUSD has been relatively volatile. Market moved between $201 and $211
- Price at time of publishing: $210.4
Today’s Trend analysis
Price should trend upward today. Oscillators are neutral but compared to yesterday many are now indicating a uptrend. MACD is about to cross up 0, indicating that the trend is turning bullish. CCI is moving close to 100 and RSI is above 50, both indicating that the upward trend has gained strength.
Another interesting point to notice is the affect of Halving-Hype and the impact of the same on BTC and other Crypto tokens. We are observing an increased trade volume and price volatility .
- Strong Uptrend today
- ‘Oscillator‘ indicators are mostly neutral. RSI is at 55
- ‘Moving average‘ indicators indicating buying opportunity. Ichimoku Cloud is neutral
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The analysis is based on signals from 28 technical indicators, out of which 17 are moving averages and remaining 11 are oscillators. These indicator values are calculated using 4 hr 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.
----------------------------------------------------------------------------------------
If you find the analysis useful, please like and share our ideas with the community!
- Mudrex
- ETHUSD has been relatively volatile. Market moved between $201 and $211
- Price at time of publishing: $210.4
Today’s Trend analysis
Price should trend upward today. Oscillators are neutral but compared to yesterday many are now indicating a uptrend. MACD is about to cross up 0, indicating that the trend is turning bullish. CCI is moving close to 100 and RSI is above 50, both indicating that the upward trend has gained strength.
Another interesting point to notice is the affect of Halving-Hype and the impact of the same on BTC and other Crypto tokens. We are observing an increased trade volume and price volatility .
- Strong Uptrend today
- ‘Oscillator‘ indicators are mostly neutral. RSI is at 55
- ‘Moving average‘ indicators indicating buying opportunity. Ichimoku Cloud is neutral
----------------------------------------------------------------------------------------
The analysis is based on signals from 28 technical indicators, out of which 17 are moving averages and remaining 11 are oscillators. These indicator values are calculated using 4 hr 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.
----------------------------------------------------------------------------------------
If you find the analysis useful, please like and share our ideas with the community!
- Mudrex
Trade closed: stop reached
ETH consolidated yesterday, moving slight down.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.