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 followed by support from lower band
- Price volatility was very high. The market moved ~9.72% between $343.44 and $313
Today’s Trend analysis
- ETHUSD expected to see an uptrend as price is trading between the midline and lower band after getting support form the lower band it is expected to increase
- Price at time of publishing: $327.54
- ETH’s market cap: $37.8 Billion
- Oscillator indicators are mostly neutral. RSI at 33
- Moving average indicators are suggesting a downtrend. Ichimoku Cloud is neutral
- Volume indicators saw an increase in value as the price decreased followed by a decrease in value as price increased indicating a weak buying pressure
Price expected to see an uptrend as price is tradng between midline and lower band after getting support form lower band it is expected to increase. 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 33, in the neutral region below midline with an upmove form oversold. CCI with a value of around -108 in the oversold region indicating an uptrend. Another interesting point to notice here is that the Bollinger band squeeze is taking place and volume observed an increase in value as the price decreased followed by a decrease in value as price increased indicating a weak buying pressure.
Most of the oscillators are neutral. CCI at -117, in the oversold region indicating an uptrend. RSI with a value of around 33 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.
|Relative Strength Index (14)||32.11||Neutral|
|Stochastic %K (14, 3, 3)||30.34||Neutral|
|Commodity Channel Index (20)||−117.93||Buy|
|Average Directional Index (14)||44.78||Neutral|
|MACD Level (12, 26)||−11.28||Sell|
|Stochastic RSI Fast (3, 3, 14, 14)||37.18||Neutral|
|Williams Percent Range (14)||−61.14||Neutral|
|Bull Bear Power||−20.51||Neutral|
|Ultimate Oscillator (7, 14, 28)||43.15||Neutral|
Moving Average Indicators
Moving average (MA) indicators indicating a downtrend. 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)||327.68||Sell|
|Simple Moving Average (5)||327.41||Sell|
|Exponential Moving Average (10)||332.51||Sell|
|Simple Moving Average (10)||334.03||Sell|
|Exponential Moving Average (20)||341.43||Sell|
|Simple Moving Average (20)||341.18||Sell|
|Exponential Moving Average (30)||348.04||Sell|
|Simple Moving Average (30)||354.03||Sell|
|Exponential Moving Average (50)||355.75||Sell|
|Simple Moving Average (50)||363.54||Sell|
|Exponential Moving Average (100)||365.11||Sell|
|Simple Moving Average (100)||363.57||Sell|
|Exponential Moving Average (200)||370.86||Sell|
|Simple Moving Average (200)||380.71||Sell|
|Ichimoku Cloud Base Line (9, 26, 52, 26)||349.19||Neutral|
|Volume Weighted Moving Average (20)||339.81||Sell|
|Hull Moving Average (9)||320.22||Buy|
In the recent few candles, the volume saw an increase in volume from 13k to 74.4k as the price saw a decline followed by volume going down to 19kas price increased with an increase to 20-candle moving average form 25.7k to 31.5k.
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