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 slight uptrend with price started to ride the upper band
- Price volatility was very high. The market moved ~10.69% between $593.74 and $536.38
Today’s Trend analysis
- ETHUSD expected to see an uptrend with the price riding the upper band with gap up in price expected with Bollinger band expanding
- Price at the time of publishing: $586.16
- ETH’s market cap: $66.6 Billion
- Oscillator indicators are mostly neutral. RSI at 65
- Moving average indicators are suggesting an uptrend. Ichimoku Cloud is neutral
- Volume indicators observed a change from decreasing with an increase in price to an increase in volume with an increase in price
Price expected to see an uptrend with the price riding the upper band with gap up in price expected with Bollinger band expanding. 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 65, in the neutral region above the midline. CCI with a value of around 147 in the overbought region. Another interesting point to notice here is that the volume observed a change from decreasing with an increase in price to an increase in volume with an increase in price indicating a shift from sellers to buyers.
Most of the oscillators are neutral. CCI at around 147, in the overbought region. RSI with a value of around 65 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)||65.51||Neutral|
|Stochastic %K (14, 3, 3)||94.38||Sell|
|Commodity Channel Index (20)||147.58||Sell|
|Average Directional Index (14)||25.11||Neutral|
|MACD Level (12, 26)||8.94||Buy|
|Stochastic RSI Fast (3, 3, 14, 14)||96.49||Neutral|
|Williams Percent Range (14)||−11.15||Sell|
|Bull Bear Power||58.65||Neutral|
|Ultimate Oscillator (7, 14, 28)||68.86||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)||573.24||Buy|
|Simple Moving Average (5)||571.16||Buy|
|Exponential Moving Average (10)||560.52||Buy|
|Simple Moving Average (10)||557.64||Buy|
|Exponential Moving Average (20)||550.18||Buy|
|Simple Moving Average (20)||536.3||Buy|
|Exponential Moving Average (30)||547.23||Buy|
|Simple Moving Average (30)||538.97||Buy|
|Exponential Moving Average (50)||541.43||Buy|
|Simple Moving Average (50)||556.56||Buy|
|Exponential Moving Average (100)||520.17||Buy|
|Simple Moving Average (100)||517.5||Buy|
|Exponential Moving Average (200)||483.76||Buy|
|Simple Moving Average (200)||468.03||Buy|
|Ichimoku Cloud Base Line (9, 26, 52, 26)||536.97||Neutral|
|Volume Weighted Moving Average (20)||529.86||Buy|
|Hull Moving Average (9)||587.61||Sell|
In the recent few candles, the traded volume observed a change from decreasing with an increase in price to an increase in volume with an increase in price, making the total volume between 12.1k and 49.9k. The 20-candle moving average observed a decline from 50.52k to 28.66k.
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