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.
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.
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)||47.54||Neutral|
|Stochastic %K (14, 3, 3)||62.97||Neutral|
|Commodity Channel Index (20)||−17.02||Neutral|
|Average Directional Index (14)||26.58||Neutral|
|MACD Level (12, 26)||−2.38||Buy|
|Stochastic RSI Fast (3, 3, 14, 14)||96.48||Neutral|
|Williams Percent Range (14)||−38.20||Neutral|
|Bull Bear Power||0.96||Sell|
|Ultimate Oscillator (7, 14, 28)||55.22||Neutral|
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)||414.23||Sell|
|Simple Moving Average (5)||415.44||Sell|
|Exponential Moving Average (10)||413.71||Buy|
|Simple Moving Average (10)||410.33||Buy|
|Exponential Moving Average (20)||415.60||Sell|
|Simple Moving Average (20)||415.53||Sell|
|Exponential Moving Average (30)||416.53||Sell|
|Simple Moving Average (30)||420.41||Sell|
|Exponential Moving Average (50)||414.57||Sell|
|Simple Moving Average (50)||421.22||Sell|
|Exponential Moving Average (100)||399.93||Buy|
|Simple Moving Average (100)||405.86||Buy|
|Exponential Moving Average (200)||365.14||Buy|
|Simple Moving Average (200)||356.69||Buy|
|Ichimoku Cloud Base Line (9, 26, 52, 26)||420.00||Neutral|
|Volume Weighted Moving Average (20)||412.60||Buy|
|Hull Moving Average (9)||417.71||Sell|
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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