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 a downtrend after Bollinger Band started to squeeze
- Price volatility was very high. The market moved ~17.94%, between $447 and $379
Today’s Trend analysis
- ETHUSD expected to see a sideways movement as Bollinger band squeezes with lower highs observed
- Price at time of publishing: $391
- ETH’s market cap: $44 Billion
- Oscillator indicators are mostly neutral. RSI at 53
- Moving average indicators are biased towards an uptrend. Ichimoku Cloud is neutral
- Volume indicators saw a pattern in the traded volume with a decrease in 20-candle moving average
Price expected to see a sideways movement as Bollinger band squeezes with lower highs observed. Most of the Oscillator indicators are neutral. MACD line crossed below signal line with histogram size increasing in the negative direction. RSI at 53, above the midline still in the neutral region. CCI is around -55, pulled back from overbought region now in the neutral region. Another interesting point to notice here is that volume observed a pattern of increasing to the double of previous and decreasing to the half in the following candle.
Oscillator indicators
Most of the oscillators are neutral. CCI is around -53, in the neutral region. RSI above the midline with a value of around 53 in the neutral region.
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) | 53.37 | Neutral |
| Stochastic %K (14, 3, 3) | 32.51 | Neutral |
| Commodity Channel Index (20) | −53.07 | Neutral |
| Average Directional Index (14) | 36.86 | Neutral |
| Awesome Oscillator | 34.36 | Neutral |
| Momentum (10) | −33.32 | Buy |
| MACD Level (12, 26) | 20.03 | Sell |
| Stochastic RSI Fast (3, 3, 14, 14) | 4.40 | Neutral |
| Williams Percent Range (14) | −67.92 | Neutral |
| Bull Bear Power | −20.48 | Buy |
| Ultimate Oscillator (7, 14, 28) | 52.04 | 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 |
| 7 | 1 | 9 |
| Name | Value | Action |
|---|---|---|
| Exponential Moving Average (5) | 399.95 | Sell |
| Simple Moving Average (5) | 399.88 | Sell |
| Exponential Moving Average (10) | 404.26 | Sell |
| Simple Moving Average (10) | 415.79 | Sell |
| Exponential Moving Average (20) | 393.79 | Sell |
| Simple Moving Average (20) | 404.92 | Sell |
| Exponential Moving Average (30) | 376.54 | Buy |
| Simple Moving Average (30) | 383.39 | Buy |
| Exponential Moving Average (50) | 345.64 | Buy |
| Simple Moving Average (50) | 327.67 | Buy |
| Exponential Moving Average (100) | 297.58 | Buy |
| Simple Moving Average (100) | 277.59 | Buy |
| Exponential Moving Average (200) | 254.38 | Buy |
| Simple Moving Average (200) | 234.47 | Buy |
| Ichimoku Cloud Base Line (9, 26, 52, 26) | 380.05 | Neutral |
| Volume Weighted Moving Average (20) | 406.74 | Sell |
| Hull Moving Average (9) | 386.65 | Buy |
Trade volume
In the recent candles, the volume traded increased from 36k to around 77k in the next candle decreasing to 36k and again increasing to 77k forming a pattern in the traded volume. The 20-candle moving average decreased from 69k to 54k.
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