Mudrex 4Hr Price Analysis #157 Ethereum (ETH/USD) – 21st August 2020

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 an uptrend with the price reaching the midline Bollinger band
  • Price volatility was high. The market moved ~3.96%, between $419.58 and $403.59

Today’s Trend analysis

  • ETHUSD expected to see an uptrend as higher lowers observed
  • Price at time of publishing: $412
  • ETH’s market cap: $46.4 Billion
  • Oscillator indicators are mostly neutral. RSI at 47
  • Moving average indicators are suggesting a downtrend. Ichimoku Cloud is neutral
  • Volume indicators saw an increase in volume with the high observed at the red candle

Price expected to see an uptrend as higher lows observed. Most of the Oscillator indicators are neutral. MACD  line crossed above the signal line from below, histogram size in a positive direction. RSI at 47, below the midline in the neutral region. CCI with a value of around -17 in the neutral region with an up move. Another interesting point to notice here is that the volume saw an increase with a high observed with high seen for a red candle.

ETHUSD 4hr price chart via tradingview

Oscillator indicators

Most of the oscillators are neutral. CCI at -17, in the neutral region with an upmove. RSI with a value of around 47 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.

Relative Strength Index (14)47.54Neutral
Stochastic %K (14, 3, 3)62.97Neutral
Commodity Channel Index (20)−17.02Neutral
Average Directional Index (14)26.58Neutral
Awesome Oscillator−6.73Neutral
Momentum (10)3.90Sell
MACD Level (12, 26)−2.38Buy
Stochastic RSI Fast (3, 3, 14, 14)96.48Neutral
Williams Percent Range (14)−38.20Neutral
Bull Bear Power0.96Sell
Ultimate Oscillator (7, 14, 28)55.22Neutral


Moving Average Indicators

Moving average (MA) indicators indicating towards a 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.

Exponential Moving Average (5)414.23Sell
Simple Moving Average (5)415.44Sell
Exponential Moving Average (10)413.71Buy
Simple Moving Average (10)410.33Buy
Exponential Moving Average (20)415.60Sell
Simple Moving Average (20)415.53Sell
Exponential Moving Average (30)416.53Sell
Simple Moving Average (30)420.41Sell
Exponential Moving Average (50)414.57Sell
Simple Moving Average (50)421.22Sell
Exponential Moving Average (100)399.93Buy
Simple Moving Average (100)405.86Buy
Exponential Moving Average (200)365.14Buy
Simple Moving Average (200)356.69Buy
Ichimoku Cloud Base Line (9, 26, 52, 26)420.00Neutral
Volume Weighted Moving Average (20)412.60Buy
Hull Moving Average (9)417.71Sell

Trade volume

In recent few candles, the volume increased in the recent candles with a high observed with the red candle. The volume traded was between 18.05k to 40.52k with the 20-candle moving average increasing from 28k to 32k.

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