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 moved sideways being above the midline Bollinger Band
- Price volatility was high. The market moved ~4.47%, between $397 and $380
Today’s Trend analysis
- ETHUSD expected to see an uptrend after getting rejected from 390 got support from midline Bollinger band
- Price at time of publishing: $396
- ETH’s market cap: $44 Billion
- Oscillator indicators are mostly neutral. RSI at 62
- Moving average indicators are biased towards an uptrend. Ichimoku Cloud is neutral
- Volume indicators saw a decrease in the volume in last few candles being below the 20 candle moving average which also decreased in the last few candles.
Price expected to see an uptrend as higher lows are seen. Most of the Oscillator indicators are neutral. MACD histogram is negative, size increasing in the negative region. RSI at 62, above the midline with in the neutral region. CCI at 106, in the overbought region increasing upwards. Another interesting point to notice here is that the price after rejecting from 390 got a support at midline Bollinger Band.
Most of the oscillators are neutral. CCI at 106, in the overbought region. RSI above the midline around 62 in the neutral region.
Definition:- Oscillator indicators are based on 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)||62.95||Neutral|
|Stochastic %K (14, 3, 3)||65.36||Neutral|
|Commodity Channel Index (20)||106.35||Neutral|
|Average Directional Index (14)||24.79||Neutral|
|MACD Level (12, 26)||10.03||Sell|
|Stochastic RSI Fast (3, 3, 14, 14)||30.23||Neutral|
|Williams Percent Range (14)||−28.19||Neutral|
|Bull Bear Power||10.04||Neutral|
|Ultimate Oscillator (7, 14, 28)||54.67||Neutral|
Moving Average Indicators
Moving average (MA) indicators are neutral. 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)||391.91||Buy|
|Simple Moving Average (5)||390.56||Buy|
|Exponential Moving Average (10)||389.94||Buy|
|Simple Moving Average (10)||390.21||Buy|
|Exponential Moving Average (20)||383.69||Buy|
|Simple Moving Average (20)||385.39||Buy|
|Exponential Moving Average (30)||375.64||Buy|
|Simple Moving Average (30)||378.13||Buy|
|Exponential Moving Average (50)||359.41||Buy|
|Simple Moving Average (50)||356.21||Buy|
|Exponential Moving Average (100)||327.92||Buy|
|Simple Moving Average (100)||315.32||Buy|
|Exponential Moving Average (200)||294.19||Buy|
|Simple Moving Average (200)||275.85||Buy|
|Ichimoku Cloud Base Line (9, 26, 52, 26)||370.34||Neutral|
|Volume Weighted Moving Average (20)||383.67||Buy|
|Hull Moving Average (9)||391.71||Buy|
In recent few candles, the volume has been decreasing from 65k to 16.6k being below the 20 candle moving average which also saw a decrease from 62.5 to 52.5.
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/