ETHUSD - Weak Uptrend Today. Price Technical Analysis #20

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, after which we saw a sudden jump
- Price at time of publishing: $189.6

Today’s Trend analysis
Price should trend up today. Oscillators are mostly neutral but compared to yesterday, some have shifted to buy side. RSI is 70 and MACD is indicating a buy opportunity. Overall, weak up-trending momentum is forming.
- Weak uptrend today
- ‘Oscillator‘ indicators are mostly neutral
- CCI is in over bought zone. Trend reversal is round the corner
- ‘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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