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 4 hr candles.
You can find price analysis from previous days on blog here and on Tradingview here.
Analysis Summary
Market in last 24hrs
- ETHUSD saw a downtrend, riding the lower band
- Price volatility was high. The market moved ~7.52%, between $431.75 and $401.57
Today’s Trend analysis
- ETHUSD expected to see a further downtrend as lower highs are observed
- Price at time of publishing: $410
- ETH’s market cap: $46.3 Billion
- Oscillator indicators are mostly neutral. RSI at 35
- Moving average indicators are suggesting an downtrend. Ichimoku Cloud is neutral
- Volume indicators saw an increase in volume in the last few candles as red candles were observed suggesting a strong selling pressure
Price expected to see a further downtrend as lower highs were observed. Most of the Oscillator indicators are neutral. MACD line below the signal line, histogram size increasing in the negative direction. RSI at 35, below the midline in the neutral region. CCI with a value of around -212 in the oversold region with a downmove. Another interesting point to notice here is that the volume was increasing despite the red candles were observed suggesting a strong selling pressure.
Oscillator indicators
Most of the oscillators are neutral. CCI at -212, in the oversold region with a down move. RSI with a value of around 36 below the midline, still in the neutral region.
Definition:- Oscillator indicators are based on the 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 |
| 2 | 7 | 2 |
| Name | Value | Action |
|---|---|---|
| Relative Strength Index (14) | 38.30 | Neutral |
| Stochastic %K (14, 3, 3) | 16.96 | Neutral |
| Commodity Channel Index (20) | −212.20 | Neutral |
| Average Directional Index (14) | 17.77 | Neutral |
| Awesome Oscillator | −7.51 | Sell |
| Momentum (10) | −32.05 | Buy |
| MACD Level (12, 26) | −0.52 | Sell |
| Stochastic RSI Fast (3, 3, 14, 14) | 2.88 | Neutral |
| Williams Percent Range (14) | −83.63 | Buy |
| Bull Bear Power | −27.63 | Neutral |
| Ultimate Oscillator (7, 14, 28) | 41.02 | Neutral |
Moving Average Indicators
Moving average (MA) indicators indicating towards an downtrend. Ichimoku Cloud is neutral and Hull MA is indicating a selling 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 |
| 12 | 1 | 4 |
| Name | Value | Action |
|---|---|---|
| Exponential Moving Average (5) | 417.61 | Sell |
| Simple Moving Average (5) | 418.34 | Sell |
| Exponential Moving Average (10) | 422.00 | Sell |
| Simple Moving Average (10) | 424.85 | Sell |
| Exponential Moving Average (20) | 424.17 | Sell |
| Simple Moving Average (20) | 426.75 | Sell |
| Exponential Moving Average (30) | 422.63 | Sell |
| Simple Moving Average (30) | 429.81 | Sell |
| Exponential Moving Average (50) | 416.59 | Sell |
| Simple Moving Average (50) | 414.95 | Sell |
| Exponential Moving Average (100) | 396.90 | Buy |
| Simple Moving Average (100) | 402.99 | Buy |
| Exponential Moving Average (200) | 359.29 | Buy |
| Simple Moving Average (200) | 346.06 | Buy |
| Ichimoku Cloud Base Line (9, 26, 52, 26) | 424.50 | Neutral |
| Volume Weighted Moving Average (20) | 428.84 | Sell |
| Hull Moving Average (9) | 413.93 | Sell |
Trade volume
In recent few candles, the traded volume has increased in the recent candles despite the red candles from 11.6k to 44.8k suggesting a strong selling pressure with the 20-candle moving average moving between 30k and 32k.
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