Analysis of ETH/USD for 15min
6/11/2024
Analysis of ETH/USD
Based on the provided data for the ETH/USD pair on June 5th, 2024, here is a short analysis:1. **Price Movement**: The closing prices for the 15-minute intervals ranged from 3791.77 to 3806.25 USD, showing some volatility within the day.
2. **Relative Strength Index (RSI)**: The RSI values ranged from 41.06 to 50.39, indicating a moderate level of price momentum and potential for both overbought and oversold conditions.
3. **Moving Average Convergence Divergence (MACD)**: The MACD values were negative throughout the day, with the histogram fluctuating around zero. This suggests a lack of strong trend direction.
4. **Moving Averages (MA)**: The Simple Moving Average (SMA), Exponential Moving Average (EMA), and Weighted Moving Average (WMA) values were relatively close to each other, indicating a stable trend without significant divergence.
5. **Overall Trend**: The price movements, RSI, and MACD indicators suggest a sideways trading pattern with no clear trend direction on June 5th, 2024, for the ETH/USD pair.
6. **Key Levels**: Traders may watch for a breakout above 3806.25 USD or a breakdown below 3791.77 USD for potential trend confirmation.
This analysis provides a snapshot of the market conditions for ETH/USD on that specific day, highlighting the need for further analysis to make informed trading decisions.
MACD of ETH/USD
This is not investment advice. Remember to verify the information provided here.
Get access to the full analysis
- Over 35 000 indexes
- CFD, Forex, Crypto and Stocks Exchange
- Over 150 Indicators
- Pattern and candle analysis
- Support and resistance levels
- Fundamental, technical and sentimental analysis
- Power from AI
