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 a downtrend after Bollinger Band started to squeeze
  • Price volatility was very high. The market moved ~17.94%, between $447 and $379

Today’s Trend analysis

  • ETHUSD expected to see a sideways movement as Bollinger band squeezes with lower highs observed
  • Price at time of publishing: $391
  • ETH’s market cap: $44 Billion
  • Oscillator indicators are mostly neutral. RSI at 53
  • Moving average indicators are biased towards an uptrend. Ichimoku Cloud is neutral
  • Volume indicators saw a pattern in the traded volume with a decrease in 20-candle moving average

Price expected to see a sideways movement as Bollinger band squeezes with lower highs observed. Most of the Oscillator indicators are neutral. MACD line crossed below signal line with histogram size increasing in the negative direction. RSI at 53, above the midline still in the neutral region. CCI is around -55, pulled back from overbought region now in the neutral region. Another interesting point to notice here is that volume observed a pattern of increasing to the double of previous and decreasing to the half in the following candle.

ETHUSD 1D price chart via tradingview

Oscillator indicators

Most of the oscillators are neutral. CCI is around -53, in the neutral region. RSI above the midline with a value of around 53 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.

SellNeutralBuy
182
NameValueAction
Relative Strength Index (14)53.37Neutral
Stochastic %K (14, 3, 3)32.51Neutral
Commodity Channel Index (20)−53.07Neutral
Average Directional Index (14)36.86Neutral
Awesome Oscillator34.36Neutral
Momentum (10)−33.32Buy
MACD Level (12, 26)20.03Sell
Stochastic RSI Fast (3, 3, 14, 14)4.40Neutral
Williams Percent Range (14)−67.92Neutral
Bull Bear Power−20.48Buy
Ultimate Oscillator (7, 14, 28)52.04Neutral

Moving Average Indicators

Moving average (MA) indicators are biased towards 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.

SellNeutralBuy
719

MOVING AVERAGES

NameValueAction
Exponential Moving Average (5)399.95Sell
Simple Moving Average (5)399.88Sell
Exponential Moving Average (10)404.26Sell
Simple Moving Average (10)415.79Sell
Exponential Moving Average (20)393.79Sell
Simple Moving Average (20)404.92Sell
Exponential Moving Average (30)376.54Buy
Simple Moving Average (30)383.39Buy
Exponential Moving Average (50)345.64Buy
Simple Moving Average (50)327.67Buy
Exponential Moving Average (100)297.58Buy
Simple Moving Average (100)277.59Buy
Exponential Moving Average (200)254.38Buy
Simple Moving Average (200)234.47Buy
Ichimoku Cloud Base Line (9, 26, 52, 26)380.05Neutral
Volume Weighted Moving Average (20)406.74Sell
Hull Moving Average (9)386.65Buy

Trade volume

In the recent candles, the volume traded increased from 36k to around 77k in the next candle decreasing to 36k and again increasing to 77k forming a pattern in the traded volume. The 20-candle moving average decreased from 69k to 54k.


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