ETHUSD - Weak Uptrend Today. Price Technical Analysis #19

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.

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Market in last 24 hrs
- As predicted yesterday, ETHUSD price consolidated yesterday
- Price at time of publishing: $181.6

Today’s Trend analysis
Price should trend up today. Oscillators are mostly neutral but compared to yesterday, some have shifted to buy side. CCI is close to 80 and RSI is 60. MACD is indicating a buy opportunity. Overall, weak up-trending momentum is forming.
- Weak uptrend today
- ‘Oscillator‘ indicators are mostly neutral. RSI is above 50 mark
- ‘Moving average‘ indicators indicating buying opportunity

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

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As predicted, ETHUSD saw a weak uptrend yesterday. Price movement was limited and price is now trend at ~186.1

If you find the analysis useful, please like and share our ideas with the community!

Mudrex