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 consolidation followed by a decline price moving sideways
- Price volatility was very high. The market moved ~4.22% between $346.84 and $332.77
Today’s Trend analysis
- ETHUSD expected to see a downtrend as price moved sideways after getting support from the lower band, with baseline above the conversion line and price below the Ichimoku cloud
- Price at time of publishing: $335.37
- ETH’s market cap: $37.8 Billion
- Oscillator indicators are mostly neutral. RSI at 30
- Moving average indicators are suggesting a downtrend. Ichimoku Cloud is neutral
- Volume indicators observed a similar value in the recent candles with a spike observed for a blue candle
Price expected to see a downtrend as price moved sideways after getting support from the lower band, with baseline above the conversion line and price below the Ichimoku cloud. Most of the Oscillator indicators are neutral. MACD line approaching the signal line from below, with the histogram size decreasing in negative region suggesting bearish bias. RSI at 30, in the neutral region close to oversold. CCI with a value of around -86 in the neutral region. Another interesting point to notice here is that the Bollinger band is moivng down and volume observed a similar value in the recent candles with a spike observed for a blue candle indicating bearish momentum.
Most of the oscillators are neutral. CCI at -85, in the neutral region with a downmove. RSI with a value of around 30 in the neutral region close to oversold line.
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)||30.78||Neutral|
|Stochastic %K (14, 3, 3)||20.06||Neutral|
|Commodity Channel Index (20)||−85.48||Neutral|
|Average Directional Index (14)||38.32||Neutral|
|MACD Level (12, 26)||−10.15||Sell|
|Stochastic RSI Fast (3, 3, 14, 14)||42.74||Neutral|
|Williams Percent Range (14)||−91.44||Neutral|
|Bull Bear Power||−17.95||Neutral|
|Ultimate Oscillator (7, 14, 28)||37.58||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)||339.78||Sell|
|Simple Moving Average (5)||340.9||Sell|
|Exponential Moving Average (10)||343.66||Sell|
|Simple Moving Average (10)||340.92||Sell|
|Exponential Moving Average (20)||352.04||Sell|
|Simple Moving Average (20)||355.09||Sell|
|Exponential Moving Average (30)||357.48||Sell|
|Simple Moving Average (30)||364.55||Sell|
|Exponential Moving Average (50)||362.98||Sell|
|Simple Moving Average (50)||368.48||Sell|
|Exponential Moving Average (100)||369.67||Sell|
|Simple Moving Average (100)||364.59||Sell|
|Exponential Moving Average (200)||373.43||Sell|
|Simple Moving Average (200)||382.95||Sell|
|Ichimoku Cloud Base Line (9, 26, 52, 26)||359.57||Neutral|
|Volume Weighted Moving Average (20)||349.38||Sell|
|Hull Moving Average (9)||341.04||Sell|
In the recent few candles, the volume saw a similar value in the recent candles around 15k with a spike observed for a blue candle of 32k, the value being below the 20-candle moving average which increased from 23k to 25k.
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