ETHUSD - Consolidation Today. Price Technical Analysis #22

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
- ETHUSD consolidated saw a sudden uptrend, moving up as high as $197
- Price at time of publishing: $194.3

Today’s Trend analysis
Price should consolidate today. Oscillators are mostly neutral and compared to yesterday, some are now indicating a downtrend momentum, overall weakening yesterday's uptrend. MACD is indicating a buy opportunity, but is tending towards the negative region. CCI is in over-bought zone. Overall, up-trending momentum is loosing strength and trend reversal in just around the corner.
- Consolidation today
- ‘Oscillator‘ indicators are mostly neutral
- ‘Moving average‘ indicators indicating buying opportunity
- Trend reversal in just around the corner

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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