ETH - Consolidation Today. Bulls Not Exhausted Completely Yet.
Market in last 24 hrs
- ETHUSD price consolidated with choppy price action
- Market moved ~6%, between $229.5 and $242.4
Today’s Trend analysis
- Sideways/consolidation today
- Price at time of publishing: $237.9
- ‘Oscillator‘ indicators are mostly neutral. RSI at 62
- ‘Moving average‘ indicators are indicating a uptrend. Ichimoku Cloud is neutral
Price expected to consolidate today. Most of the Oscillator indicators are neutral. MACD histogram is now in negative zone and MACD is trending down but RSI and CCI are trending sideways, currently at 57 and 54 respectively. All factors indicating that bulls and bears are struggling to gain control. Overall, price is now expected to move sideways.
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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 consolidated with choppy price action
- Market moved ~6%, between $229.5 and $242.4
Today’s Trend analysis
- Sideways/consolidation today
- Price at time of publishing: $237.9
- ‘Oscillator‘ indicators are mostly neutral. RSI at 62
- ‘Moving average‘ indicators are indicating a uptrend. Ichimoku Cloud is neutral
Price expected to consolidate today. Most of the Oscillator indicators are neutral. MACD histogram is now in negative zone and MACD is trending down but RSI and CCI are trending sideways, currently at 57 and 54 respectively. All factors indicating that bulls and bears are struggling to gain control. Overall, price is now expected to move sideways.
----------------------------------------------------------------------------------------
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
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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.