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 and got rejected from the upper Bollinger band
- Price volatility was very high. The market moved ~6.13%, between $486.00 and $457.95
Today’s Trend analysis
- ETHUSD expected to see a downtrend as the price got rejected from the upper band after riding the band
- Price at time of publishing: $472
- ETH’s market cap: $53 Billion
- Oscillator indicators are mostly neutral. RSI at 73
- Moving average indicators are suggesting an uptrend. Ichimoku Cloud is neutral
- Volume indicators observed a decrease as the price rides the band and rejects
Price expected to see a downtrend as the price got rejected from the upper band after riding the band. Most of the Oscillator indicators are neutral. MACD line moving above the signal line, signal line approaching the MACD line from below with histogram size decreasing in positive direction. RSI at 73, in the overbought region decreasing, suggesting a trend reversal soon. CCI with a value of around 167 in the overbought region with a down move indicating a downtrend. Another interesting point to notice here is that the Bollinger band expansion takes place with a decrease in volume as price falls.
Oscillator indicators
Most of the oscillators are neutral. CCI at 168, in the overbought region indicating a downtrend. RSI with a value of around 73 in the overbought indicating a downtrend as well.
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 |
| 4 | 5 | 2 |
| Name | Value | Action |
| Relative Strength Index (14) | 73.24 | Sell |
| Stochastic %K (14, 3, 3) | 89.22 | Neutral |
| Commodity Channel Index (20) | 168.69 | Sell |
| Average Directional Index (14) | 27.5 | Neutral |
| Awesome Oscillator | 34.23 | Buy |
| Momentum (10) | 82.03 | Sell |
| MACD Level (12, 26) | 20.99 | Buy |
| Stochastic RSI Fast (3, 3, 14, 14) | 91.78 | Neutral |
| Williams Percent Range (14) | −13.37 | Sell |
| Bull Bear Power | 99.04 | Neutral |
| Ultimate Oscillator (7, 14, 28) | 68.29 | Neutral |
Moving Average Indicators
Moving average (MA) indicators indicating 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.
| Sell | Neutral | Buy |
| 1 | 1 | 15 |
| Name | Value | Action |
| Exponential Moving Average (5) | 447.79 | Buy |
| Simple Moving Average (5) | 442 | Buy |
| Exponential Moving Average (10) | 429.78 | Buy |
| Simple Moving Average (10) | 416.7 | Buy |
| Exponential Moving Average (20) | 413.59 | Buy |
| Simple Moving Average (20) | 416.21 | Buy |
| Exponential Moving Average (30) | 398.77 | Buy |
| Simple Moving Average (30) | 408.83 | Buy |
| Exponential Moving Average (50) | 370.14 | Buy |
| Simple Moving Average (50) | 362.97 | Buy |
| Exponential Moving Average (100) | 319.46 | Buy |
| Simple Moving Average (100) | 298.63 | Buy |
| Exponential Moving Average (200) | 269.9 | Buy |
| Simple Moving Average (200) | 243.13 | Buy |
| Ichimoku Cloud Base Line (9, 26, 52, 26) | 427.21 | Neutral |
| Volume Weighted Moving Average (20) | 418.48 | Buy |
| Hull Moving Average (9) | 473.63 | Sell |
Trade volume
In the recent few candles, the volume saw a sudden decrease as the price was riding the upper band, the volume decreased from 76.99k to 28.13k being above the 20-candle moving average which increased from 28.5k to 37.1k.
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