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.
Market in last 1 week
- ETHUSD saw a sideways movement with price breaking the midline Bollinger band
- Price volatility was very high. The market moved ~15.29%, between $424.85 and $368.5
Today’s Trend analysis
- ETHUSD expected to see an uptrend as the price after rejecting from midline got support from the lower band and has broken midline
- Price at time of publishing: $423
- ETH’s market cap: $47.5 Billion
- Oscillator indicators are mostly neutral. RSI at 61
- Moving average indicators are biased towards an uptrend. Ichimoku Cloud is neutral
- Volume indicators saw a decrease in volume as blue candles were observed
Price expected to see an uptrend as the price after rejecting from midline got support from the lower band and has broken midline. Most of the Oscillator indicators are neutral. MACD line moving close from below to signal line with histogram size decreasing in the negative direction. RSI at 61, above the midline still in the neutral region. CCI is around 65, in the neutral region with an up move. Another interesting point to notice here is that volume saw a decrease in volume as blue candles were observed suggesting a weakening buying pressure.
Most of the oscillators are neutral. CCI is around 62, in the neutral region. RSI above the midline with a value of around 61 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.
|Relative Strength Index (14)||61.57||Neutral|
|Stochastic %K (14, 3, 3)||47.58||Neutral|
|Commodity Channel Index (20)||65.43||Neutral|
|Average Directional Index (14)||24.91||Buy|
|MACD Level (12, 26)||11.2||Sell|
|Stochastic RSI Fast (3, 3, 14, 14)||30.19||Neutral|
|Williams Percent Range (14)||−29.86||Neutral|
|Bull Bear Power||21.8||Buy|
|Ultimate Oscillator (7, 14, 28)||61.22||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.
|Exponential Moving Average (5)||403.82||Buy|
|Simple Moving Average (5)||397.43||Buy|
|Exponential Moving Average (10)||401.12||Buy|
|Simple Moving Average (10)||395.43||Buy|
|Exponential Moving Average (20)||396.09||Buy|
|Simple Moving Average (20)||406.38||Buy|
|Exponential Moving Average (30)||384.49||Buy|
|Simple Moving Average (30)||400.75||Buy|
|Exponential Moving Average (50)||358.3||Buy|
|Simple Moving Average (50)||349.67||Buy|
|Exponential Moving Average (100)||310.6||Buy|
|Simple Moving Average (100)||290.85||Buy|
|Exponential Moving Average (200)||264.03||Buy|
|Simple Moving Average (200)||240.29||Buy|
|Ichimoku Cloud Base Line (9, 26, 52, 26)||403.5||Neutral|
|Volume Weighted Moving Average (20)||408.1||Buy|
|Hull Moving Average (9)||402.92||Buy|
In the recent candles, the volume traded decreased as the blue candles were observed from 57k to 28k being below the 20-candle moving average which decreased from 54k to 52k.
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