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 decline with midline support to consolidate
- Price volatility was very high. The market moved ~6.06% between $358.12 and $337.63.55
Today’s Trend analysis
- ETHUSD expected to see a decline and get support from midline to consolidate as the price got rejected from upper band with Bollinger band expansion
- Price at time of publishing: $350.80
- ETH’s market cap: $39.64 Billion
- Oscillator indicators are mostly neutral. RSI at 55
- Moving average indicators are suggesting an uptrend. Ichimoku Cloud is neutral
- Volume indicators saw an increase in value as the price increased followed by a decrease in value as price decreased indicating a strengthened buying pressure
Price expected to see a decline and get support from midline to consolidate as the price got rejected from upper band with Bollinger band expansion. Most of the Oscillator indicators are neutral. MACD line moving above the signal line, with the histogram size decreasing in positive region suggesting bullish bias. RSI at 55, in the neutral region above midline. CCI with a value of around 102 in the oversold region indicating an uptrend. Another interesting point to notice here is that the volume observed an increase in value as the price increased followed by a decrease in value as price decreased indicating a strengthened buying pressure
Most of the oscillators are neutral. CCI at 102, in the oversold region indicating an uptrend. RSI with a value of around 55 in the neutral region above 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)||55.61||Neutral|
|Stochastic %K (14, 3, 3)||85.72||Sell|
|Commodity Channel Index (20)||102.47||Neutral|
|Average Directional Index (14)||24.43||Neutral|
|MACD Level (12, 26)||−0.05||Buy|
|Stochastic RSI Fast (3, 3, 14, 14)||92.8||Neutral|
|Williams Percent Range (14)||−12.65||Neutral|
|Bull Bear Power||12.43||Neutral|
|Ultimate Oscillator (7, 14, 28)||59.82||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.
|Exponential Moving Average (5)||350.71||Buy|
|Simple Moving Average (5)||351.26||Buy|
|Exponential Moving Average (10)||347.91||Buy|
|Simple Moving Average (10)||348.33||Buy|
|Exponential Moving Average (20)||346.32||Buy|
|Simple Moving Average (20)||341.03||Buy|
|Exponential Moving Average (30)||348.05||Buy|
|Simple Moving Average (30)||341.56||Buy|
|Exponential Moving Average (50)||352.71||Buy|
|Simple Moving Average (50)||357.09||Sell|
|Exponential Moving Average (100)||361.36||Sell|
|Simple Moving Average (100)||364.07||Sell|
|Exponential Moving Average (200)||368.21||Sell|
|Simple Moving Average (200)||378.12||Sell|
|Ichimoku Cloud Base Line (9, 26, 52, 26)||335.52||Neutral|
|Volume Weighted Moving Average (20)||339.92||Buy|
|Hull Moving Average (9)||353.9||Sell|
In the recent few candles, the volume saw an increase from 12.7k to 33.8k as the price increased followed by a decrease in price reducing the volume to 9.3k with the 20-candle moving average having a similar value around 26k.
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