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 a downtrend and had broken the midline Bollinger band
- Price volatility was very high. The market moved ~12.2%, between $472.08.00 and $420.58
Today’s Trend analysis
- ETHUSD expected to see a downtrend as lower highs were observed along with squeeze in Bollinger band
- Price at time of publishing: $423
- ETH’s market cap: $48 Billion
- Oscillator indicators are mostly neutral. RSI at 42
- Moving average indicators are suggesting a downtrend. Ichimoku Cloud is neutral
- Volume indicators observed a decrease except a spike with blue candle and an increase in 20-candle moving average
Price expected to see a downtrend as lower highs were observed along with squeeze in Bollinger band. Most of the Oscillator indicators are neutral. MACD line moving below the signal line, with histogram size decreasing in negative direction. RSI at 42, in the neutral region below the midline. CCI with a value of around -78 in the neutral region with a down move. Another interesting point to notice here is that the volume saw a decrease except a spike was observed for a blue candle suggesting a strengthened buying pressure.
Oscillator indicators
Most of the oscillators are neutral. CCI at -78, in the oversold region. RSI with a value of around 42 in the neutral region below the midline.
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 |
| 1 | 9 | 1 |
| Name | Value | Action |
| Relative Strength Index (14) | 42.99 | Neutral |
| Stochastic %K (14, 3, 3) | 21.9 | Neutral |
| Commodity Channel Index (20) | −93.88 | Neutral |
| Average Directional Index (14) | 30.19 | Neutral |
| Awesome Oscillator | 5.36 | Neutral |
| Momentum (10) | −50.89 | Buy |
| MACD Level (12, 26) | 4.82 | Sell |
| Stochastic RSI Fast (3, 3, 14, 14) | 7.07 | Neutral |
| Williams Percent Range (14) | −93.22 | Neutral |
| Bull Bear Power | −21.43 | Neutral |
| Ultimate Oscillator (7, 14, 28) | 48.12 | Neutral |
Moving Average Indicators
Moving average (MA) indicators indicating 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.
| Sell | Neutral | Buy |
| 11 | 1 | 5 |
| Name | Value | Action |
| Exponential Moving Average (5) | 436 | Sell |
| Simple Moving Average (5) | 436.35 | Sell |
| Exponential Moving Average (10) | 441.81 | Sell |
| Simple Moving Average (10) | 446.96 | Sell |
| Exponential Moving Average (20) | 440.89 | Sell |
| Simple Moving Average (20) | 448.15 | Sell |
| Exponential Moving Average (30) | 435.56 | Sell |
| Simple Moving Average (30) | 436 | Sell |
| Exponential Moving Average (50) | 426.63 | Sell |
| Simple Moving Average (50) | 417.17 | Buy |
| Exponential Moving Average (100) | 414.41 | Buy |
| Simple Moving Average (100) | 410.2 | Buy |
| Exponential Moving Average (200) | 391.43 | Buy |
| Simple Moving Average (200) | 404.34 | Buy |
| Ichimoku Cloud Base Line (9, 26, 52, 26) | 445.95 | Neutral |
| Volume Weighted Moving Average (20) | 449.56 | Sell |
| Hull Moving Average (9) | 432.42 | Sell |
Trade volume
In the recent few candles, the volume saw a decrease except a spike observed for a blue candle from 77.6k to 15.5k with an increase in 20-candle moving average from 40.2k to 45.9k.
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