ETHUSD to see an uptrend further(4hr) | Higher lows observed

Market in last 24hrs
-ETHUSD saw an uptrend with the price reaching the midline Bollinger band
-Price volatility was high. The market moved ~3.96%, between $419.58 and $403.59

Today’s Trend analysis
-ETHUSD expected to see an uptrend as higher lowers observed
-Price at time of publishing: $412
-ETH’s market cap: $46.4 Billion
-Oscillator indicators are mostly neutral. RSI at 47
-Moving average indicators are suggesting a downtrend. Ichimoku Cloud is neutral
-Volume indicators saw an increase in volume with the high observed at the red candle

Price expected to see an uptrend as higher lows observed. Most of the Oscillator indicators are neutral. MACD line crossed above the signal line from below, histogram size in a positive direction. RSI at 47, below the midline in the neutral region. CCI with a value of around -17 in the neutral region with an up move. Another interesting point to notice here is that the volume saw an increase with a high observed with high seen for a red candle.
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The analysis is based on signals from 28 technical indicators, out of which 17 are moving averages and the remaining 11 are oscillators. These indicator values are calculated using 1 D 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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- Mudrex
Ethereum (Cryptocurrency)ethereumforecastethereumpriceETHUSDTechnical IndicatorsOscillatorsTrend Analysis

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