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 with breaking the midline Bollinger band
- Price volatility was very high. The market moved ~6.45% between $385 and $361.65
Today’s Trend analysis
- ETHUSD expected to see a downtrend as potential head and shoulder is observed
- Price at time of publishing: $374
- ETH’s market cap: $42 Billion
- Oscillator indicators are mostly neutral. RSI at 52
- Moving average indicators are suggesting a downtrend. Ichimoku Cloud is neutral
- Volume indicators observed a sudden spike for blue candle and decreased after that
Price expected to see a downtrend as potential head and shoulder is observed. Most of the Oscillator indicators are neutral. MACD line approaching from below the signal line, with histogram size decreasing in negative direction suggesting bearish bias. RSI at 52, in the neutral region above the midline. CCI with a value of around -3 in the neutral region. Another interesting point to notice here is that the volume observed a sudden spike for blue candle and decreased after that indicating a bearish momentum.
Most of the oscillators are neutral. CCI at -3, in the neutral region. RSI with a value of around 52 in the neutral region above to 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.
|Relative Strength Index (14)||52.07||Neutral|
|Stochastic %K (14, 3, 3)||60.57||Neutral|
|Commodity Channel Index (20)||−3.81||Neutral|
|Average Directional Index (14)||16.53||Neutral|
|MACD Level (12, 26)||2.53||Sell|
|Stochastic RSI Fast (3, 3, 14, 14)||42.6||Neutral|
|Williams Percent Range (14)||−44.75||Neutral|
|Bull Bear Power||2.48||Neutral|
|Ultimate Oscillator (7, 14, 28)||60.06||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.
|Exponential Moving Average (5)||374.88||Sell|
|Simple Moving Average (5)||377.04||Sell|
|Exponential Moving Average (10)||374.06||Sell|
|Simple Moving Average (10)||371.91||Buy|
|Exponential Moving Average (20)||372.31||Buy|
|Simple Moving Average (20)||374.15||Sell|
|Exponential Moving Average (30)||370.72||Buy|
|Simple Moving Average (30)||371.52||Buy|
|Exponential Moving Average (50)||370.83||Buy|
|Simple Moving Average (50)||361.59||Buy|
|Exponential Moving Average (100)||376.97||Sell|
|Simple Moving Average (100)||384.84||Sell|
|Exponential Moving Average (200)||377.53||Sell|
|Simple Moving Average (200)||395.73||Sell|
|Ichimoku Cloud Base Line (9, 26, 52, 26)||371.8||Neutral|
|Volume Weighted Moving Average (20)||374.03||Sell|
|Hull Moving Average (9)||377.92||Sell|
In the recent few candles, the volume saw a sudden increase as price saw a sudden upmove and decreased after that, the traded volume was between 22.79k and 3.73k with an increase in the 20-candle moving average from 6.3k to 7.5k.
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