ETHUSD - Downtrend Today. Price Technical Analysis #35
Market in last 24 hrs
- ETHUSD price movement saw a sudden volume dump, followed by a price drop. Market moved 15%, between $180 and $214
- Price at time of publishing: $187.9
Today’s Trend analysis
Price should move down today. Oscillators are neutral, but with a bias toward sell side. MACD has just crossed down 0. Both CCI and RSI are slightly below mid-points, indicating that bear momentum has 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.
- Sideways today
- ‘Oscillator‘ indicators are mostly neutral. RSI is at 34
- ‘Moving average‘ indicators indicating selling 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 .
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If you find the analysis useful, please like and share our ideas with the community!
- Mudrex
- ETHUSD price movement saw a sudden volume dump, followed by a price drop. Market moved 15%, between $180 and $214
- Price at time of publishing: $187.9
Today’s Trend analysis
Price should move down today. Oscillators are neutral, but with a bias toward sell side. MACD has just crossed down 0. Both CCI and RSI are slightly below mid-points, indicating that bear momentum has 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.
- Sideways today
- ‘Oscillator‘ indicators are mostly neutral. RSI is at 34
- ‘Moving average‘ indicators indicating selling 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 manually
ETHUSD moved sideways yesterday.
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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.
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.