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.
----------------------------------------------------------------------------------------
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.
If you find the analysis useful, please like & subscribe and share our ideas & charts with the community!
Note: Above analysis would hold true if we do not encounter sudden jump in trade volume.
This is #18 of ETHUSD daily technical analysis, provided by Mudrex.
----------------------------------------------------------------------------------------
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.
If you find the analysis useful, please like & subscribe and share our ideas & charts with the community!
Note: Above analysis would hold true if we do not encounter sudden jump in trade volume.
Trade active:
As predicted, ETHUSD has been moving in the region defined in region above.
If you find the analysis useful, please like and share our ideas with the community!
Mudrex
If you find the analysis useful, please like and share our ideas with the community!
Mudrex
Trade closed: target reached:
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
If you find the analysis useful, please like and share our ideas with the community!
Mudrex
