ETH.X Crypto Tickeron detected bearish Crypto Pattern: Cup-and-Handle Inverse ETH.X on December 17, 2024, netting in a 12.61% gain over 6 days
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ETH.X sees MACD Histogram just turned negative
ETH.X saw its Moving Average Convergence Divergence Histogram (MACD) turn negative on January 19, 2025. This is a bearish signal that suggests the stock could decline going forward. Tickeron's A.I.dvisor looked at 68 instances where the indicator turned negative. In of the 68 cases the stock moved lower in the days that followed. This puts the odds of a downward move at .
Technical Analysis (Indicators)
Bearish Trend Analysis
ETH.X moved below its 50-day moving average on January 07, 2025 date and that indicates a change from an upward trend to a downward trend.
The 10-day moving average for ETH.X crossed bearishly below the 50-day moving average on December 26, 2024. This indicates that the trend has shifted lower and could be considered a sell signal. In of 24 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where ETH.X declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
ETH.X broke above its upper Bollinger Band on January 03, 2025. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
Bullish Trend Analysis
The Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. of 80 cases where ETH.X's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
The Momentum Indicator moved above the 0 level on January 20, 2025. You may want to consider a long position or call options on ETH.X as a result. In of 119 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where ETH.X advanced for three days, in of 459 cases, the price rose further within the following month. The odds of a continued upward trend are .
