ETHUSD - Sideways Today. Price Technical Analysis #18

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.

This is #18 of ETHUSD daily technical analysis, provided by Mudrex.

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Market in last 24 hrs
- Yesterday was a crazy day with Crude oil trading at 0.01 USD/barrel
- BTC saw a steep fall to $166. After the recovery of Crude oil price, ETH started recovering too
- Price at time of publishing: $169.9

Today’s Trend analysis
Price should consolidate today. Oscillators are mostly neutral but compared to yesterday, some have shifted to sell side. CCI is in over-sold zone and RSI is at ~45. MACD is indicating a sell opportunity. Overall, down-trending momentum isn’t strong yet.
- Consolidation/Sideways today
- ‘Oscillator‘ indicators are mostly neutral
- ‘Moving average‘ indicators are mixed

DM to get details of the above analysis and list of indicator & their values used to arrive at the above conclusion.

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Note: Above analysis would hold true if we do not encounter sudden jump in trade volume.

การซื้อขายยังคงดำเนินอยู่:

As predicted, ETHUSD has been moving in the region defined in region above.

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Mudrex

ปิดการเทรด: ถึงเป้าหมายการทำกำไร:

As predicted, ETHUSD consolidated yesterday. Price movement was limited and price has moved up only by ~5 points since the time analysis was published yesterday.

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

Mudrex