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 the blog here and on Tradingview here.
Market in last 24hrs
- ETHUSD saw an uptrend with the price riding the upper band
- Price volatility was very high. The market moved ~5.05% between $404.57 and $385.09
Today’s Trend analysis
- ETHUSD expected to see an uptrend as the price is riding the upper band with recent candle having the same value for open and low indicating a gap up in Bollinger band
- Price at the time of publishing: $399.32
- ETH’s market cap: $45.25 Billion
- Oscillator indicators are mostly neutral. RSI at 63
- Moving average indicators are suggesting an uptrend. Ichimoku Cloud is neutral
- Volume indicators observed an increase in value as the price increase
Price expected to see an uptrend as the price is riding the upper band with a recent candle having the same value for open and low indicating a gap up in Bollinger band. Most of the Oscillator indicators are neutral. MACD line moving above the signal line, with the histogram size increasing in the positive region suggesting bullish bias. RSI at 63, in the neutral region above the midline with an up move. CCI with a value of around 195 in the overbought region indicating a downtrend. Another interesting point to notice here is that the Bollinger band started to expand and the volume observed an increase in value with price increasing indicating a strong buying pressure.
Most of the oscillators are neutral. CCI at 195, in the overbought region. RSI with a value of around 63 above the midline in the neutral region.
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)||63.82||Neutral|
|Stochastic %K (14, 3, 3)||84.76||Neutral|
|Commodity Channel Index (20)||195.72||Sell|
|Average Directional Index (14)||18.32||Neutral|
|MACD Level (12, 26)||1.25||Buy|
|Stochastic RSI Fast (3, 3, 14, 14)||100||Neutral|
|Williams Percent Range (14)||−17.04||Neutral|
|Bull Bear Power||15.14||Neutral|
|Ultimate Oscillator (7, 14, 28)||58.4||Neutral|
Moving Average Indicators
Moving average (MA) indicators indicating an uptrend. 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)||396.07||Buy|
|Simple Moving Average (5)||394.9||Buy|
|Exponential Moving Average (10)||392.81||Buy|
|Simple Moving Average (10)||391.02||Buy|
|Exponential Moving Average (20)||390.8||Buy|
|Simple Moving Average (20)||387.58||Buy|
|Exponential Moving Average (30)||390.98||Buy|
|Simple Moving Average (30)||387.67||Buy|
|Exponential Moving Average (50)||391.6||Buy|
|Simple Moving Average (50)||393.85||Buy|
|Exponential Moving Average (100)||388.86||Buy|
|Simple Moving Average (100)||390.94||Buy|
|Exponential Moving Average (200)||381.94||Buy|
|Simple Moving Average (200)||375.8||Buy|
|Ichimoku Cloud Base Line (9, 26, 52, 26)||389.12||Neutral|
|Volume Weighted Moving Average (20)||387.49||Buy|
|Hull Moving Average (9)||399.95||Buy|
In the recent few candles, the traded volume observed an increase from 5.32k to 25.59k as the price increased. The 20-candle moving average saw a decrease from 15.04k to 13.49k.
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