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 1D candles.

You can find price analysis from previous days on blog here and on Tradingview here.


Analysis Summary

Market in last 1 week

  • ETHUSD saw an uptrend and rejected from the upper band
  • Price volatility was very high. The market moved ~21.9%, between $445 and $365

Today’s Trend analysis

  • ETHUSD expected to see a downtrend as the price got resistance from upper band
  • Price at time of publishing: $430
  • ETH’s market cap: $48.35 Billion
  • Oscillator indicators are mostly neutral. RSI at 72
  • Moving average indicators are biased towards an uptrend. Ichimoku Cloud is neutral
  • Volume indicators saw similar volume levels except for the increase of volume in the recent larger blue candles.

Price expected to see a downtrend as the price got resistance from Upper Bollinger Band and rejected from $445. Most of the Oscillator indicators are neutral. MACD histogram size consnat in the positive region, with signal line below the MACD line. RSI at 72, in the overbought region indicating a bullish bias. CCI is around 121, and in the overbought region. Another interesting point to notice here is that volume was constant but saw a spike when larger blue candles were observed.

ETHUSD 1D price chart via tradingview

Oscillator indicators

Most of the oscillators are neutral. CCI is around 121, in the overbought region. RSI also in the overbought region around 72.

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.

SellNeutralBuy
452
NameValueAction
Relative Strength Index (14)72.08Neutral
Stochastic %K (14, 3, 3)89.46Sell
Commodity Channel Index (20)121.92Sell
Average Directional Index (14)51.27Neutral
Awesome Oscillator83.30Buy
Momentum (10)35.91Sell
MACD Level (12, 26)36.23Buy
Stochastic RSI Fast (3, 3, 14, 14)42.88Neutral
Williams Percent Range (14)−16.50Sell
Bull Bear Power47.26Neutral
Ultimate Oscillator (7, 14, 28)69.55Neutral

Moving Average Indicators

Moving average (MA) indicators are biased towards 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.

SellNeutralBuy
1115

MOVING AVERAGES

NameValueAction
Exponential Moving Average (5)423.25Buy
Simple Moving Average (5)422.90Buy
Exponential Moving Average (10)409.36Buy
Simple Moving Average (10)405.70Buy
Exponential Moving Average (20)382.26Buy
Simple Moving Average (20)385.30Buy
Exponential Moving Average (30)358.98Buy
Simple Moving Average (30)347.41Buy
Exponential Moving Average (50)325.88Buy
Simple Moving Average (50)302.36Buy
Exponential Moving Average (100)281.08Buy
Simple Moving Average (100)262.76Buy
Exponential Moving Average (200)243.27Buy
Simple Moving Average (200)226.78Buy
Ichimoku Cloud Base Line (9, 26, 52, 26)343.28Neutral
Volume Weighted Moving Average (20)384.53Buy
Hull Moving Average (9)444.08Sell

Trade volume

The volume was constant in the recent candles except for the volume of the larger blue candle increased. The constant volume was around 160k while the spike observed was at 363k with the 20-candle moving average being around 240k.


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