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 a sideways movement trading below the midline Bollinger band
- Price volatility was high. The market moved ~4.06%, between $399.25 and $383.66
Today’s Trend analysis
- ETHUSD expected to see a slight uptrend as higher lowers observed
- Price at time of publishing: $397
- ETH’s market cap: $44.6 Billion
- Oscillator indicators are mostly neutral. RSI at 49
- Moving average indicators are suggesting an uptrend. Ichimoku Cloud is neutral
- Volume indicators observed was relatively low around a similar value in the recent candles
Price expected to see a slight uptrend as higher lows observed with the price breaking the midline band. Most of the Oscillator indicators are neutral. MACD line crossed above the signal line, histogram size increasing in the positive direction. RSI at 49, close to the midline in the neutral region. CCI with a value of around 30 in the neutral region with an up move. Another interesting point to notice here is that the volume had a similar value in the recent candles.
Most of the oscillators are neutral. CCI at 30, in the neutral region with an upmove. RSI with a value of around 49 close to 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)||49.12||Neutral|
|Stochastic %K (14, 3, 3)||65.34||Neutral|
|Commodity Channel Index (20)||29.18||Neutral|
|Average Directional Index (14)||31.48||Neutral|
|MACD Level (12, 26)||−4.79||Buy|
|Stochastic RSI Fast (3, 3, 14, 14)||94.32||Neutral|
|Williams Percent Range (14)||−7.10||Neutral|
|Bull Bear Power||3.14||Neutral|
|Ultimate Oscillator (7, 14, 28)||60.03||Neutral|
Moving Average Indicators
Moving average (MA) indicators indicating towards an uptrend. 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)||393.82||Buy|
|Simple Moving Average (5)||393.62||Buy|
|Exponential Moving Average (10)||393.29||Buy|
|Simple Moving Average (10)||391.87||Buy|
|Exponential Moving Average (20)||396.26||Buy|
|Simple Moving Average (20)||395.01||Buy|
|Exponential Moving Average (30)||399.71||Sell|
|Simple Moving Average (30)||399.90||Sell|
|Exponential Moving Average (50)||403.27||Sell|
|Simple Moving Average (50)||410.72||Sell|
|Exponential Moving Average (100)||397.73||Buy|
|Simple Moving Average (100)||405.57||Sell|
|Exponential Moving Average (200)||369.68||Buy|
|Simple Moving Average (200)||370.57||Buy|
|Ichimoku Cloud Base Line (9, 26, 52, 26)||399.38||Neutral|
|Volume Weighted Moving Average (20)||396.74||Buy|
|Hull Moving Average (9)||394.73||Buy|
In recent few candles, the volume has been relatively low being almost similar in the last few candles. The traded volume was nearly around 3.2k below the 20-candle moving average which decreased from 7.3k to 61.k
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