This is ETHUSD daily price analysis, provided by Mudrex (automated crypto investing platform). This analysis is based on signals from 28 technical indicators, out of which 17 are moving averages and the remaining 11 are oscillators. These indicator values are calculated using 1D candles.
You can find price analysis from previous days on blog here and on Tradingview here.
Analysis Summary
Market in last 1 week
- ETHUSD saw consolidation after rejecting from $408
- Price volatility was very high. The market moved ~12.7%, between $408 and $362
Today’s Trend analysis
- ETHUSD expected to see a continued uptrend as a series of higher highs and higher lows observed in recent candles
- Price at time of publishing: $397
- ETH’s market cap: $44.6 Billion
- Oscillator indicators are mostly neutral. RSI at 72
- Moving average indicators are biased towards an uptrend. Ichimoku Cloud is neutral
- Volume indicators saw similar volume levels except for the fall of volume in the recent red candles.
Price expected to see a continued uptrend as a series of higher highs and higher lows have been observed. Most of the Oscillator indicators are neutral. MACD histogram size decreasing in the positive region, with signal line expected to see a crossover MACD line indicating a trend reversal. RSI at 72, in the overbought region indicating a bullish bias. CCI is around 79, and in neutral region trending down, decreased from 333 to 79. Another interesting point to notice here is that volume was constant but fell down when red candles were observed indicating weak selling pressure.
Oscillator indicators
Most of the oscillators are neutral. CCI is around 79, in the neutral region. RSI in to the overbought region around 72.
Definition:- Oscillator indicators are based on market’s property that what goes up must come down. Reversion to the mean is one of the most fundamental properties of any market. Oscillators are predictive in nature, specifying future price momentum.
| Sell | Neutral | Buy |
| 1 | 8 | 2 |
| Name | Value | Action |
|---|---|---|
| Relative Strength Index (14) | 72.82 | Sell |
| Stochastic %K (14, 3, 3) | 81.57 | Neutral |
| Commodity Channel Index (20) | 79.55 | Neutral |
| Average Directional Index (14) | 56.81 | Neutral |
| Awesome Oscillator | 88.47 | Neutral |
| Momentum (10) | 50.90 | Buy |
| MACD Level (12, 26) | 36.75 | Buy |
| Stochastic RSI Fast (3, 3, 14, 14) | 8.75 | Neutral |
| Williams Percent Range (14) | −16.47 | Neutral |
| Bull Bear Power | 41.20 | Neutral |
| Ultimate Oscillator (7, 14, 28) | 61.21 | Neutral |
Moving Average Indicators
Moving average (MA) indicators are biased towards an uptrend. Ichimoku Cloud is neutral and Hull MA is indicating a buying opportunity.
Definition:- Moving Average indicators are lagging indicators that help catch trends when they are beginning to take effect. The idea is to buy when the trend is moving up and sell when the trend is falling.
| Sell | Neutral | Buy |
| 0 | 1 | 16 |
| Name | Value | Action |
|---|---|---|
| Exponential Moving Average (5) | 392.09 | Buy |
| Simple Moving Average (5) | 392.00 | Buy |
| Exponential Moving Average (10) | 380.71 | Buy |
| Simple Moving Average (10) | 389.65 | Buy |
| Exponential Moving Average (20) | 352.30 | Buy |
| Simple Moving Average (20) | 348.67 | Buy |
| Exponential Moving Average (30) | 330.14 | Buy |
| Simple Moving Average (30) | 311.91 | Buy |
| Exponential Moving Average (50) | 301.24 | Buy |
| Simple Moving Average (50) | 280.60 | Buy |
| Exponential Moving Average (100) | 263.88 | Buy |
| Simple Moving Average (100) | 250.30 | Buy |
| Exponential Moving Average (200) | 232.60 | Buy |
| Simple Moving Average (200) | 219.37 | Buy |
| Ichimoku Cloud Base Line (9, 26, 52, 26) | 322.56 | Neutral |
| Volume Weighted Moving Average (20) | 342.56 | Buy |
| Hull Moving Average (9) | 393.57 | Buy |
Trade volume
The volume was constant in the recent candles except for the volume of the red candle decreased indicating weak selling pressure. The volume varied from 208k to 109k below the 20-candle moving average which varied from 212k to 233k.
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