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 downtrend getting support from lower Bollinger band
- Price volatility was high. The market moved ~6.9%, between $397.15 and $371.5
Today’s Trend analysis
- ETHUSD expected to see an uptrend as a series of lower highs and higher lows were observed
- Price at time of publishing: $388
- ETH’s market cap: $43.7 Billion
- Oscillator indicators are mostly neutral. RSI at 50
- Moving average indicators are suggesting an uptrend. Ichimoku Cloud is neutral
- Volume indicators observed a decrease in volume in the recent candles suggesting bullish momentum.
Price expected to see an uptrend as a series of lower highs and higher lows were observed. Most of the Oscillator indicators are neutral. MACD line crossed above the signal line, histogram size increasing in the positive direction. RSI at 50, close to the midline in the neutral region. CCI with a value of around 30 in the neutral region with an upmove. Another interesting point to notice here is that the price is trading inside the band with the Bollinger band squeeze taking place.
Most of the oscillators are neutral. CCI at 28, in the neutral region with an upmove. RSI with a value of around 50 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)||49.17||Neutral|
|Stochastic %K (14, 3, 3)||61.66||Neutral|
|Commodity Channel Index (20)||28.29||Neutral|
|Average Directional Index (14)||18.87||Neutral|
|MACD Level (12, 26)||−3.08||Buy|
|Stochastic RSI Fast (3, 3, 14, 14)||92.28||Neutral|
|Williams Percent Range (14)||−32.08||Neutral|
|Bull Bear Power||6.90||Neutral|
|Ultimate Oscillator (7, 14, 28)||51.77||Neutral|
Moving Average Indicators
Moving average (MA) indicators indicating 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)||385.59||Buy|
|Simple Moving Average (5)||384.28||Buy|
|Exponential Moving Average (10)||385.38||Buy|
|Simple Moving Average (10)||384.71||Buy|
|Exponential Moving Average (20)||387.27||Buy|
|Simple Moving Average (20)||386.47||Buy|
|Exponential Moving Average (30)||389.72||Sell|
|Simple Moving Average (30)||390.13||Sell|
|Exponential Moving Average (50)||393.87||Sell|
|Simple Moving Average (50)||394.44||Sell|
|Exponential Moving Average (100)||394.33||Sell|
|Simple Moving Average (100)||405.40||Sell|
|Exponential Moving Average (200)||373.85||Buy|
|Simple Moving Average (200)||384.86||Buy|
|Ichimoku Cloud Base Line (9, 26, 52, 26)||389.49||Neutral|
|Volume Weighted Moving Average (20)||385.69||Buy|
|Hull Moving Average (9)||385.23||Buy|
In the recent few candles, the volume decreased in the recent candles from 34.4k to 11k with the 20-candle moving average changing between 24.5k to 25.5k suggesting bullish momentum.
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