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 to get midline resistance followed by lower band support
- Price volatility was high. The market moved ~4.65% between $381.99 and $365.00
Today’s Trend analysis
- ETHUSD expected to see a decline as the price started to ride lower band with the latest candle having the same open and close suggesting a gap down and breakout
- Price at the time of publishing: $369.74
- ETH’s market cap: $41.79 Billion
- Oscillator indicators are mostly neutral. RSI at 41
- Moving average indicators are suggesting a downtrend. Ichimoku Cloud is neutral
- Volume indicators observed an increase in volume with price decline while an increase with price decreasing
Price expected to see a decline as the price started to ride lower band with the latest candle having the same open and close suggesting a gap down and breakout. Most of the Oscillator indicators are neutral. MACD line moving below the signal line, with the histogram size increasing in negative region suggesting bearish bias. RSI at 41, in the neutral region below the midline. CCI with a value of around -222 in the oversold region. Another interesting point to notice here is that the volume observed an increase in volume with price decline while an increase with price decreasing suggesting a strong selling pressure.
Most of the oscillators are neutral. CCI at -222, in the oversold region. RSI with a value of around 41 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)||42.2||Neutral|
|Stochastic %K (14, 3, 3)||37.06||Neutral|
|Commodity Channel Index (20)||−224.82||Neutral|
|Average Directional Index (14)||15.02||Neutral|
|MACD Level (12, 26)||0.57||Sell|
|Stochastic RSI Fast (3, 3, 14, 14)||33.09||Neutral|
|Williams Percent Range (14)||−79.32||Neutral|
|Bull Bear Power||−10.42||Sell|
|Ultimate Oscillator (7, 14, 28)||45.5||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)||374.93||Sell|
|Simple Moving Average (5)||376.19||Sell|
|Exponential Moving Average (10)||376.22||Sell|
|Simple Moving Average (10)||376.29||Sell|
|Exponential Moving Average (20)||376.62||Sell|
|Simple Moving Average (20)||378.6||Sell|
|Exponential Moving Average (30)||375.27||Sell|
|Simple Moving Average (30)||378.14||Sell|
|Exponential Moving Average (50)||371.46||Sell|
|Simple Moving Average (50)||370.97||Sell|
|Exponential Moving Average (100)||365.75||Buy|
|Simple Moving Average (100)||360.46||Buy|
|Exponential Moving Average (200)||364.46||Buy|
|Simple Moving Average (200)||361.03||Buy|
|Ichimoku Cloud Base Line (9, 26, 52, 26)||380.12||Neutral|
|Volume Weighted Moving Average (20)||378.02||Sell|
|Hull Moving Average (9)||376.01||Sell|
In the recent few candles, the traded volume saw an increase from 6.93k to 16.23k with price decline while volume decreased to 6.97k with an increase in price, with the total traded volume between 6.93k and 25.47k being below the 20-candle which had a decrease in value around 14.4kk and 13.2k.
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