ETHUSD(4Hr) : ETH showing some recovery
Market in the last 24 hours
ETHUSD moved in a bullish momentum along with the upper Bollinger band. Trading volume has been high in the last 24 hours with increasing prices suggesting a continuation of the current bullish momentum.
Next 24 hours Trend analysis
The price is expected to continue to move in a bullish momentum along with the upper Bollinger band.
The price change was high at approximately 5.54%, with the week's range between $3400 — $3673.
Price at the time of publishing: $3608
ETH’s market cap: $424 Billion
However, the Indicator summary is giving a 'BUY' signal on ETHUSD.
Out of 11 Oscillator indicators, 2 are giving a SELL signal, 7 are neutral and 2 are giving a BUY signal.
Out of 15 Moving average indicators, 1 is giving SELL signal, 1 is giving neutral and 13 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!
ETHUSD moved in a bullish momentum along with the upper Bollinger band. Trading volume has been high in the last 24 hours with increasing prices suggesting a continuation of the current bullish momentum.
Next 24 hours Trend analysis
The price is expected to continue to move in a bullish momentum along with the upper Bollinger band.
The price change was high at approximately 5.54%, with the week's range between $3400 — $3673.
Price at the time of publishing: $3608
ETH’s market cap: $424 Billion
However, the Indicator summary is giving a 'BUY' signal on ETHUSD.
Out of 11 Oscillator indicators, 2 are giving a SELL signal, 7 are neutral and 2 are giving a BUY signal.
Out of 15 Moving average indicators, 1 is giving SELL signal, 1 is giving neutral and 13 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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