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 a downtrend after the price observed a rejection from the upper band
- Price volatility was very high. The market moved ~8.58% between $495.68 and $456.50
Today’s Trend analysis
- ETHUSD expected to see a continued downtrend as the price has declined after getting resistance with Bollinger band squeeze
- Price at the time of publishing: $472.69
- ETH’s market cap: $53.64 Billion
- Oscillator indicators are mostly neutral. RSI at 53
- Moving average indicators are suggesting an uptrend. Ichimoku Cloud is neutral
- Volume indicators observed a decline in volume as the price saw a decline in recent candles
Price expected to see a continued downtrend as the price has declined after getting resistance with Bollinger band squeeze. Most of the Oscillator indicators are neutral. MACD line crossed below the signal line, with the histogram moved from positive to the negative region suggesting bearish bias. RSI at 53, in the neutral region above the midline. CCI with a value of around 26 in the neutral region with a pullback from overbought. Another interesting point to notice here is that the volume observed a decline in volume as the price saw a decline in recent candles indicating a weakening selling pressure.
Most of the oscillators are neutral. CCI at 26, in the neutral region. RSI with a value of around 53 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)||53.72||Neutral|
|Stochastic %K (14, 3, 3)||49.56||Neutral|
|Commodity Channel Index (20)||26.12||Neutral|
|Average Directional Index (14)||18.15||Neutral|
|MACD Level (12, 26)||4.78||Sell|
|Stochastic RSI Fast (3, 3, 14, 14)||18.68||Neutral|
|Williams Percent Range (14)||−58.99||Neutral|
|Bull Bear Power||1.25||Neutral|
|Ultimate Oscillator (7, 14, 28)||61.07||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)||476.33||Sell|
|Simple Moving Average (5)||475.71||Sell|
|Exponential Moving Average (10)||475.67||Sell|
|Simple Moving Average (10)||479.29||Sell|
|Exponential Moving Average (20)||472.07||Buy|
|Simple Moving Average (20)||470.11||Buy|
|Exponential Moving Average (30)||469.01||Buy|
|Simple Moving Average (30)||465.58||Buy|
|Exponential Moving Average (50)||463.05||Buy|
|Simple Moving Average (50)||465.4||Buy|
|Exponential Moving Average (100)||447.95||Buy|
|Simple Moving Average (100)||445.11||Buy|
|Exponential Moving Average (200)||426.1||Buy|
|Simple Moving Average (200)||418.22||Buy|
|Ichimoku Cloud Base Line (9, 26, 52, 26)||468.3||Neutral|
|Volume Weighted Moving Average (20)||473.99||Sell|
|Hull Moving Average (9)||475.07||Sell|
In the recent few candles, the traded volume observed a decrease from 107.8k to 15.27k in the recent candles. The 20-candle moving average 27.05k to 32.92k
Mudrex platform helps traders build no-code Algo trading bots using Technical analysis based indicators.
Mudrex Invest is a collection of reviewed and verified funds created by professional traders on Mudrex. Traders create these funds using their trading bots. Individual investors can invest in them for a monthly fee and gain the benefits of passive investing!
Signup today: https://mudrex.com/