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BTCUSD(4Hr) : Bitcoin reaches a new All Time High!!!!!!!!!!!!!!!Market in the last 1 week BTC touched a new all-time high this week and the price is still rising along with the upper Bollinger band. Daily trading volume has been high but can be seen decreasing with an increase in price suggesting that we might soon see some correction. Next Week's Trend analysis The price is expected to continue to move in a bullish momentum till the price accepts the upper band as a resistance line after which the price is expected to oscillate between the upper and the middle Bollinger band. The price change was high at approximately 17.69%, with the week's range between $56868 — $66930. Price at the time of publishing: $65,918 BTC’s market cap: $1.24 Trillion Moreover, the Indicator summary is giving a 'BUY' signal on BTCUSD. Out of 11 Oscillator indicators, 6 are giving a SELL signal, 3 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!
BITSTAMP:BTCUSDLong
by Mudrex
5
XRPUSD(4Hr) : Ripple showing its potentialMarket in the last 24hrs The price saw a bullish momentum as the price moved from the lower to the upper Bollinger band. Trading volume can be seen rising in the last 24 hours while the increase in price suggests a strong bullish momentum. Today’s Trend analysis The price is expected to continue to move in a bullish momentum till it accepts the Upper Bollinger band as a support line after which it is expected to oscillate between the upper and the middle Bollinger band. Price volatility was extremely high at approximately 5.71%, with the day's range between $1.08 — $1.15. Price at the time of publishing: $1.15 XRP’s market cap: $53.73 Billion However, the Indicator summary is giving a 'BUY' signal on XRPUSD. Out of 11 Oscillator indicators, 3 are giving a SELL signal, 6 are neutral and 2 are giving a BUY signal. Out of 15 Moving average indicators, 0 are giving SELL signal, 1 is giving neutral and 14 are giving a BUY signal. Trading volume has been high in the last 24 hours. 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 4Hr candles. ---------------------------------------------------------------------------------------- Any feedback and suggestions would help in further improving the analysis!
BITSTAMP:XRPUSDLong
by Mudrex
4
DOGEUSD(4Hr) : DOGE still have a bullish chanceMarket in the last 24hrs The price saw a downward momentum for the upper to the middle Bollinger band. Trading volume has been very high in the last 24 hours. Today’s Trend analysis The price is on the middle Bollinger band, the likely scenario is that the price accepts the middle band as a support line then the price is expected to move in a bullish momentum till it reaches the upper Bollinger band else it is likely to move in a bearish momentum till it reaches the Bottom Bollinger band. Price volatility was high at approximately 4.17%, with the day's range between $0.241 — $0.256. Price at the time of publishing: $0.245 DOGE’s market cap: $32.2 Billion However, the Indicator summary is giving a 'BUY' signal on DOGEUSD. Out of 11 Oscillator indicators, 2 are giving a SELL signal, 8 are neutral and 1 is giving a BUY signal. Out of 15 Moving average indicators, 4 are giving SELL signal, 1 is giving neutral and 10 are giving a BUY signal. Trading volume has been very high in the last 24 hours. 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 4Hr candles. ---------------------------------------------------------------------------------------- Any feedback and suggestions would help in further improving the analysis!
BINANCE:DOGEUSDLong
by Mudrex
1
ETHUSD(4Hr) : ETH still has hopeMarket in the last 24 hours The price can be seen moving sideways while oscillating between the middle and the bottom Bollinger band. Trading volume has been high in the last 24 hours. Next 24 hours Trend analysis The price is expected to continue with the sideways momentum while oscillating between the middle and the bottom Bollinger band as they act as strong resistance and support lines respectively. The price change was low at approximately 1.85%, with the day's range between $3687 — $3843. Price at the time of publishing: $3811 ETH’s market cap: $450 Billion However, the Indicator summary is giving a 'BUY' signal on ETHUSD. Out of 11 Oscillator indicators, 2 are giving a SELL signal, 8 are neutral and 1 is giving a BUY signal. Out of 15 Moving average indicators, 4 are giving SELL signal, 1 is giving neutral and 10 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!
BINANCE:ETHUSD
by Mudrex
XRPUSD(4Hr) : Ripple calm after a little bullish periodMarket in the last 24hrs The price can be seen moving along the bottom Bollinger Band in a slightly bearish momentum. Trading volume can be seen fluctuating between high volume in some intervals and low in other in the last 24 hours. This movement of volume could be due to people uncertain about the future momentum of the price. The high selling candles can be considered as the reason for the current bearish momentum. Today’s Trend analysis The price can be seen moving sideways indicating that the price has accepted the bottom Bollinger band. The price is expected to oscillate between the middle and the bottom Bollinger band. Price volatility was extremely low at approximately 1.69%, with the day's range between $1.10 — $1.16. Price at the time of publishing: $1.14 XRP’s market cap: $53.73 Billion However, the Indicator summary is giving a 'SELL' signal on XRPUSD. Out of 11 Oscillator indicators, 2 are giving a SELL signal, 8 are neutral and 1 is giving a BUY signal. Out of 15 Moving average indicators, 11 are giving SELL signal, 1 is giving neutral and 3 are giving a BUY signal. Trading volume has been high in the last 24 hours. 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 4Hr candles. ---------------------------------------------------------------------------------------- Any feedback and suggestions would help in further improving the analysis!
BITSTAMP:XRPUSD
by Mudrex
1
BTCUSD(1D) : BTC nears its ALL TIME HIGHMarket in the last 1 week In the past 1 week, BTC came near its all-time high and is still having a slight bullish momentum. Daily Trading volume has been high in the last week especially considering the bullish momentum. The high volume is also an indication that the bullish momentum is relatively strong. Next Week's Trend analysis The price is expected to see consolidated momentum with a slight indication of a bullish movement. The price is likely to oscillate between the middle and the upper Bollinger band. The price change was high at approximately 15.4%, with the week's range between $54371 — $62757. Price at the time of publishing: $59874 BTC’s market cap: $1.13 Trillion Moreover, the Indicator summary is giving a 'BUY' signal on BTCUSD. Out of 11 Oscillator indicators, 1 is giving a SELL signal, 8 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!
BITSTAMP:BTCUSDLong
by Mudrex
1
XRPUSD(4Hr) : XRP going back to its original gloryMarket in the last 24hrs The price can be seen oscillating between the middle and the upper Bollinger band. The price can be seen accepting the middle Bollinger band as a support line. Trading volume has been high in the last 24 hours. Today’s Trend analysis The price is expected to oscillate between the middle and the upper Bollinger band if there are no fluctuations in trading volume and it remains high throughout the day. Price volatility was extremely low at approximately 1.69%, with the day's range between $1.10 — $1.16. Price at the time of publishing: $1.14 XRP’s market cap: $53.73 Billion However, the Indicator summary is giving a 'STRONG BUY' signal on XRPUSD. Out of 11 Oscillator indicators, 0 are giving a SELL signal, 8 are neutral and 3 are giving a BUY signal. Out of 15 Moving average indicators, 0 are giving SELL signal, 1 is giving neutral and 14 are giving a BUY signal. Trading volume has been high in the last 24 hours. 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 4Hr candles. ---------------------------------------------------------------------------------------- Any feedback and suggestions would help in further improving the analysis!
BITSTAMP:XRPUSDLong
by Mudrex
DOGEUSD(4Hr) : DOGE still far from moonMarket in the last 24hrs The price can be seen oscillating between the middle and the lower Bollinger band. The recent tick has a high above the middle Bollinger band. Trading volume has been very high in the last 24 hours. Today’s Trend analysis Since the high of the recent tick is above the middle Bollinger band it can be an indication that the price has rejected the middle Bollinger brand as a resistance line. Thus the price is expected to move in a bullish momentum till it reaches the upper band after which it is expected to move sideways and oscillate between the upper and the middle band. Price volatility was low at approximately 1.66%, with the day's range between $0.221 — $0.232. Price at the time of publishing: $0.229 DOGE’s market cap: $30.2 Billion However, the Indicator summary is giving a 'NEUTRAL' signal on DOGEUSD. Out of 11 Oscillator indicators, 0 are giving a SELL signal, 9 are neutral and 2 are giving a BUY signal. Out of 15 Moving average indicators, 8 are giving SELL signal, 1 is giving neutral and 6 are giving a BUY signal. Trading volume has been very high in the last 24 hours. 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 4Hr candles. ---------------------------------------------------------------------------------------- Any feedback and suggestions would help in further improving the analysis!
BINANCE:DOGEUSDLong
by Mudrex
5
ETHUSD(4Hr) : ETH looking to favor the bullsMarket in the last 24 hours Price can be seen moving sideways and oscillate between the middle and the lower Bollinger band. Trading volume has been high in the last 24 hours. Next 24 hours Trend analysis The price can be seen moving above the middle Bollinger band suggesting the price has rejected it as a resistance line thus a bullish momentum is more likely until the price reaches the upper Bollinger band after which consolidated momentum is expected. The price change was low at approximately 0.5%, with the day's range between $3418 — $3533. Price at the time of publishing: $3519 ETH’s market cap: $415 Billion However, the Indicator summary is giving a 'BUY' signal on ETHUSD. Out of 11 Oscillator indicators, 1 is giving a SELL signal, 8 are neutral and 2 are giving a BUY signal. Out of 15 Moving average indicators, 2 are giving SELL signal, 1 is giving neutral and 12 are giving a BUY signal. Traded volume has remained high in the past week. If we don't see a sudden spike in volume then we can expect the above analysis to hold true. ---------------------------------------------------------------------------------------- The analysis is based on signals from 26 technical indicators, out of which 15 are moving averages and the remaining 11 are oscillators. These indicator values are calculated using 1 Day candles. ---------------------------------------------------------------------------------------- Any feedback and suggestions would help in further improving the analysis!
BINANCE:ETHUSDLong
by Mudrex
5
XRPUSD(4HR) : Ripple stabilizes at 1$Market in the last 24hrs The price can be seen moving from the middle to the lower Bollinger band suggesting that the price has rejected the middle band as a support line. Trading volume has been moderate in the last 24 hours. Today’s Trend analysis The price is expected to move in a consolidated manner with a slight indication of bullish momentum. The price is expected to oscillate between the middle and the lower Bollinger band. Price volatility was extremely low at approximately 3.22%, with the day's range between $1.07 — $1.14. Price at the time of publishing: $1.10 XRP’s market cap: $51.58 Billion However, the Indicator summary is giving a 'NEUTRAL' signal on XRPUSD. 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, 7 are giving SELL signal, 1 is giving neutral and 7 are giving a BUY signal. Trading volume has been high in the last 24 hours. 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 4Hr candles. ---------------------------------------------------------------------------------------- Any feedback and suggestions would help in further improving the analysis!
BITSTAMP:XRPUSD
by Mudrex
1
ETHUSD(4Hr) : ETHUSD consolidating at the momentMarket in the last 24 hours The price can be seen moving below the lower Bollinger band after which the price accepted it as a support line and now it can be seen moving along the middle Bollinger band. Trading volume has been moderate and similar throughout the day suggesting a consolidated momentum. Next 24 hours Trend analysis The price is expected to move to the upper Bollinger band after which it is more likely to oscillate between the upper and the lower Bollinger band. The price change was low at approximately 1.8%, with the day's range between $3586 — $3623. Price at the time of publishing: $3577 ETH’s market cap: $422 Billion However, the Indicator summary is giving a 'BUY' signal on ETHUSD. Out of 11 Oscillator indicators, 1 is giving a SELL signal, 8 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!
BINANCE:ETHUSD
by Mudrex
2
ETHUSD(4Hr) : ETH consolidating after a small riseMarket in the last 24 hours The price can be seen moving along the middle Bollinger band in the last 24 hours with low volatility which is causing the upper and the lower Bollinger band to converge. Trading volume has been moderate for the last 24 hours. It has been almost similar as well suggesting a consolidated momentum. Next 24 hours Trend analysis The price is expected to continue to oscillate between the upper and the lower Bollinger band as the Bollinger bands are converging. This would also lead to a low volatility. The price change was low at approximately 0.35%, with the day's range between $3545 — $3628. Price at the time of publishing: $3571 ETH’s market cap: $421 Billion However, the Indicator summary is giving a 'NEUTRAL' signal on ETHUSD . Out of 11 Oscillator indicators, 2 are giving a SELL signal, 9 are neutral and 0 are giving a BUY signal. Out of 15 Moving average indicators, 0 are giving SELL signal, 1 is giving neutral and 9 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!
BINANCE:ETHUSD
by Mudrex
DOGEUSD(4hr) : DOGE recovers after last month's dropMarket in the last 24hrs The price seems to have to accept the upper Bollinger band as a resistance line and can be seen moving sideways in a consolidated momentum. Trading volume has been very high in the last 24 hours. Today’s Trend analysis The price is expected to move in a consolidated manner till it moves to the middle Bollinger band. After that, the price is expected to continue to move sideways until we see a huge change in trading volume which can cause high volatility as indicated by the gap between the upper and the lower Bollinger band. Price volatility was low at approximately 1.94%, with the day's range between $0.243 — $0.272. Price at the time of publishing: $0.258 DOGE’s market cap: $33.9 Billion However, the Indicator summary is giving a 'BUY' signal on DOGEUSD. Out of 11 Oscillator indicators, 0 are giving a SELL signal, 9 are neutral and 2 are giving a BUY signal. Out of 15 Moving average indicators, 2 are giving SELL signal, 1 is giving neutral and 14 are giving a BUY signal. Trading volume has been very high in the last 24 hours. 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 4Hr candles. ---------------------------------------------------------------------------------------- Any feedback and suggestions would help in further improving the analysis!
BINANCE:DOGEUSD
by Mudrex
1
ETHUSD(4Hr) : ETH calming after seeing some bullish daysMarket in the last 24 hours The price moved in sideways with a little indication of bullish momentum. Trading volume has been very high in the last 24 hours. Next 24 hours Trend analysis The price is expected to move sideways between the upper and the lower Bollinger band. The volatility is expected to be low as the gap between the Bollinger band is very less. The price change was low at approximately 0.9%, with the week's range between $3360 — $3471. Price at the time of publishing: $3454 ETH’s market cap: $406 Billion However, the Indicator summary is giving a 'BUY' signal on ETHUSD. Out of 11 Oscillator indicators, 1 is giving a SELL signal, 9 are neutral and 1 is giving a BUY signal. Out of 15 Moving average indicators, 0 are giving SELL signal, 1 is giving neutral and 14 are giving a BUY signal. Traded volume has remained high in the past week. If we don't see a sudden spike in volume then we can expect the above analysis to hold true. ---------------------------------------------------------------------------------------- The analysis is based on signals from 26 technical indicators, out of which 15 are moving averages and the remaining 11 are oscillators. These indicator values are calculated using 1 Day candles. ---------------------------------------------------------------------------------------- Any feedback and suggestions would help in further improving the analysis!
BINANCE:ETHUSD
by Mudrex
1
XRPUSD(4HR) : Ripple moving above 1$Market in the last 24hrs The price moved below the middle Bollinger band and the price accepted the lower band as a support line as the price can be seen moving upward in the latest tick. Trading volume has been moderate in the last 24 hours and has been similar throughout the day suggesting a consolidated momentum. Today’s Trend analysis As the current price is moving above the middle Bollinger band it can be said that the price has rejected it as a resistance line thus the price is expected to move in a bullish momentum till it reaches the upper Bollinger band after which consolidated movement is likely. Price volatility was extremely low at approximately 3.75%, with the day's range between $1.01 — $1.08. Price at the time of publishing: $1.04 XRP’s market cap: $48.81 Billion However, the Indicator summary is giving a 'BUY' signal on XRPUSD. Out of 11 Oscillator indicators, 1 is giving a SELL signal, 8 are neutral and 2 are giving a BUY signal. Out of 15 Moving average indicators, 2 are giving SELL signal, 1 is giving neutral and 12 are giving a BUY signal. Trading volume has been high in the last 24 hours. 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 4Hr candles. ---------------------------------------------------------------------------------------- Any feedback and suggestions would help in further improving the analysis!
BITSTAMP:XRPUSDLong
by Mudrex
ETHUSD(4Hr) : Ethereum moving sidewaysMarket in the last 24 hours The price can be seen moving in an upward momentum as the price accepts the lower Bollinger band as a support line. Trading volume has been moderate in the last 24 hours. Next 24 hours Trend analysis The price is near the middle Bollinger band which is a critical resistance line. If the price accepts the middle Bollinger band as a resistance line the price will continue to oscillate between the middle and the lower Bollinger band. Else if the price rejects it then the price will continue to move in a bullish manner till it reaches the upper Bollinger band. The price change was low at approximately 0.2%, with the week's range between $2793 — $2947. Price at the time of publishing: $2943 ETH’s market cap: $346 Billion However, the Indicator summary is giving a 'SELL' signal on ETHUSD. Out of 11 Oscillator indicators, 1 is giving a SELL signal, 9 are neutral and 1 is giving a BUY signal. Out of 15 Moving average indicators, 12 are giving SELL signal, 1 is giving neutral and 2 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!
BINANCE:ETHUSD
by Mudrex
2
XRPUSD(4Hr) : XRP having a bad dayMarket in the last 24hrs The price can be seen oscillating between the middle and the lower Bollinger band and can be seen moving in downward momentum. Trading volume has been high but is lower than the average daily traded volume. Today’s Trend analysis The price is expected to continue to move in a bearish momentum until the price accepts the lower Bollinger band as a support line after which it is expected to oscillate between the lower and middle Bollinger bands. Price volatility was extremely low at approximately 3.88%, with the day's range between $0.90 — $0.94. Price at the time of publishing: $0.91 XRP’s market cap: $42.25 Billion However, the Indicator summary is giving a 'STRONG SELL' signal on XRPUSD. Out of 11 Oscillator indicators, 2 are giving a SELL signal, 9 are neutral and 0 are giving a BUY signal. Out of 15 Moving average indicators, 14 are giving SELL signal, 1 is giving neutral and 0 are giving a BUY signal. Trading volume has been high in the last 24 hours. 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 4Hr candles. ---------------------------------------------------------------------------------------- Any feedback and suggestions would help in further improving the analysis!
BITSTAMP:XRPUSD
by Mudrex
2
XRPUSD(4Hr) : XRP saw a big jump in the last 24 hoursMarket in the last 24hrs The XRPUSD saw a bullish momentum as the price moved from the middle Bollinger band to the upper Bollinger band. Trading volume has been very high in the last 24 hours and the volume can be seen increasing with an increase in price suggesting a strong bullish momentum. Today’s Trend analysis The recent red tick is suggesting that the price has accepted the upper Bollinger band as a resistance line, thus a consolidated momentum is more likely with a slight indication of bullish momentum. The gap between the upper and lower Bollinger band suggest that price volatility can be high. Price volatility was high at approximately 7.44%, with the day's range between $0.98 — $1.02. Price at the time of publishing: $1.01 XRP’s market cap: $47.1 Billion However, the Indicator summary is giving a 'NEUTRAL' signal on XRPUSD. Out of 11 Oscillator indicators, 2 are giving a SELL signal, 7 are neutral and 2 are giving a BUY signal. Out of 15 Moving average indicators, 7 are giving SELL signal, 1 is giving neutral and 7 are giving a BUY signal. Trading volume has been high in the last 24 hours. If we don't see a sudden spike in volume then we can expect the above analysis to hold true. ---------------------------------------------------------------------------------------- The analysis is based on signals from 26 technical indicators, out of which 15 are moving averages and the remaining 11 are oscillators. These indicator values are calculated using 4Hr candles. ---------------------------------------------------------------------------------------- Any feedback and suggestions would help in further improving the analysis!
BINANCE:XRPUSD
by Mudrex
1
XRPUSD(4Hr) : Ripple stabilizing after seeing a big fallMarket in the last 24hrs XRPUSD seeing sideways momentum after dropping 0.2$ in the last weeks. The big drop can also be supported by a large trading volume. Trading volume was very high in the last 24 hours. Today’s Trend analysis The price is expected to follow the current consolidated movement till the price reaches the middle Bollinger Band. Price volatility was low at approximately 2.74%, with the day's range between $0.874 — $0.958. Price at the time of publishing: $0.95 XRP’s market cap: $44.55 Billion However, the Indicator summary is giving a 'SELL' signal on XRPUSD. Out of 11 Oscillator indicators, 1 is giving a SELL signal, 9 are neutral and 1 is giving a BUY signal. Out of 15 Moving average indicators, 12 are giving SELL signal, 1 is giving neutral and 2 are giving a BUY signal. Trading volume has been high in the last 24 hours. 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 4Hr candles. ---------------------------------------------------------------------------------------- Any feedback and suggestions would help in further improving the analysis!
BINANCE:XRPUSD
by Mudrex
ETHUSD(4Hr) : ETH showing some recoveryMarket 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. ---------------------------------------------------------------------------------------- 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!
BINANCE:ETHUSDLong
by Mudrex
2
Difference between Centralized and Decentralized crypto-exchangeIf you find the analysis useful, please like and share our ideas with the community. Any feedback and suggestions would help in further improving the analysis! One of the USPs of Blockchain technology is ' Decentralization .' It means that no single entity or organization has the power to influence or control the network. Decentralization is rapidly picking pace, with several apps being built on this exact premise. These decentralized apps or ‘ DApps ’ are being built on existing blockchain networks, such as Ethereum, Solana, Polkadot, and so on. With the exponentially rising demand for cryptocurrencies, it was only a matter of time for the crypto exchanges to come sprawling up. Cryptocurrency exchanges can be broadly classified into centralized and decentralized exchanges. What is a centralized exchange? The way a centralized exchange operates can be considered similar to a bank. Depositing cryptos onto a centralized exchange such as Binance essentially means transferring it to a wallet held by the exchange. When we deposit fiat currency such as the US dollar or any other currency to buy crypto, that crypto is also held in the exchange’s centralized wallet. What is a decentralized exchange? With decentralization picking up, the cryptocurrency exchanges want to get into the decentralization space too. These decentralized exchanges are also known as DEX. Currently, there exist more than 35 DEXs globally. One of the most popular ones is Uniswap, which appears to have recently gotten into trouble with the SEC. Other players include Kyber, Bancor, etc. Traders simply swap tokens with each other, and there’s no middlemen involved here. Key points of contention between centralized and decentralized exchanges: Fees: In the case of centralized exchanges, there is a fixed fee which is usually a percentage of the transaction amount. In decentralized exchanges, it works out to be gas fees, which can sometimes vary. Ownership of your crypto holdings: Crypto wallets have two keys, public and private keys. Public keys are shared with anyone who wants to send you cryptocurrency, while a private key is what you use to access your own wallet. Centralized crypto exchanges don't give their users the private key. It essentially means that the holdings are not actually owned by the users, but by the exchanges. In some decentralized exchanges, the entire process of buying and selling is performed ‘on the chain.’ The holdings are with the user and not held by any central agency. However, keeping the holdings on the exchange can lead to a faster execution since the user does not need to provide access. But this can be the reason for the crypto theft as well! Case in point: In 2018, $713 million was stolen with most of them coming from the Coincheck exchange hack. In a Decentralised Exchange, users are generally free from these risks! Privacy: A decentralized exchange script usually does not have a central authority involved. Therefore, no requirement will be imposed on them. One can sign in and start trading without any identity verification. Additionally, Anonymity allows the user to access the tools which are not available otherwise. Centralized exchanges require the users to perform a KYC to trade cryptos. It is not the case with decentralized exchanges. It means that the user would not need to hand over the documents to any single entity. Liquidity: Barring the large centralized exchanges, several others suffer from a lack of liquidity. It is a major concern that ultimately leads to the downfall of the exchanges. The larger exchanges such as Binance, Coinbase, etc. have high liquidity. Decentralized exchanges usually follow a different method of price discovery and don't suffer from problems of illiquidity. Some decentralized exchanges also have Automated Market Makers (AMM). AMMs look to solve the liquidity problem without depending on large traders using smart contracts — self-executing computer programs that ensure liquidity on the exchange. The AMM algorithms have pre-defined requirements for an entity or individual to become a liquidity provider. Anyone who meets these criteria can become part of the liquidity pool, and hence maintain continuous trading. Do give a follow if you liked the content. Keep supporting:) -Mudrex
Editors' picks
COINBASE:BTCUSDEducation
by Mudrex
42
XRPUSD(4HR) : XRP experiencing slow and steady growthMarket in the last 24hrs The price can be seen moving in a slight bullish momentum as it moved from the middle to the upper Bollinger band. The trading volume has been high in the last 24 hours can be seen increasing throughout the day. Today’s Trend analysis The price is expected to move in an overall bullish momentum as the trading volume can be seen increasing with an increase in price. Price volatility was low at approximately 4.95%, with the day's range between $1.07 — $1.13. Price at the time of publishing: $1.12 XRP’s market cap: $52.41 Billion However, the Indicator summary is giving a 'BUY' signal on XRPUSD. Out of 11 Oscillator indicators, 2 are giving a SELL signal, 8 are neutral and 1 is giving a BUY signal. Out of 15 Moving average indicators, 3 are giving SELL signal, 1 is giving neutral and 11 are giving a BUY signal. Trading volume has been high in the last 24 hours. 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 4Hr candles. ---------------------------------------------------------------------------------------- Any feedback and suggestions would help in further improving the analysis!
BINANCE:XRPUSDLong
by Mudrex
1
XRPUSD(4Hr) : XRP oscillating as it moves sidewaysMarket in the last 24hrs The price touched the upper Bollinger band and accepted it as a resistance line and now can be seen moving in downward momentum towards the bottom Bollinger band. Trading volume has been high in the last 24 hours but is on the lower side of the spectrum when compared to last week. Today’s Trend analysis The recent tick is suggesting that the price has accepted the bottom Bollinger band as a support line which would indicate a slight bullish momentum till the price reaches the upper Bollinger band. Price volatility was low at approximately 4.74%, with the day's range between $1.04 — $1.13. Price at the time of publishing: $1.05 XRP’s market cap: $49.11 Billion However, the Indicator summary is giving a 'SELL' signal on XRPUSD. Out of 11 Oscillator indicators, 1 is giving a SELL signal, 7 are neutral and 3 are giving a BUY signal. Out of 15 Moving average indicators, 14 are giving SELL signal, 1 is giving neutral and 0 are giving a BUY signal. Trading volume has been high in the last 24 hours. 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 4Hr candles. ---------------------------------------------------------------------------------------- Any feedback and suggestions would help in further improving the analysis!
BINANCE:XRPUSDLong
by Mudrex
5