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 sideways movement with price breaking the midline Bollinger band
  • Price volatility was very high. The market moved ~15.29%, between $424.85 and $368.5

Today’s Trend analysis

  • ETHUSD expected to see an uptrend as the price after rejecting from midline got support from the lower band and has broken midline
  • Price at time of publishing: $423
  • ETH’s market cap: $47.5 Billion
  • Oscillator indicators are mostly neutral. RSI at 61
  • Moving average indicators are biased towards an uptrend. Ichimoku Cloud is neutral
  • Volume indicators saw a decrease in volume as blue candles were observed

Price expected to see an uptrend as the price after rejecting from midline got support from the lower band and has broken midline. Most of the Oscillator indicators are neutral. MACD line moving close from below to signal line with histogram size decreasing in the negative direction. RSI at 61, above the midline still in the neutral region. CCI is around 65, in the neutral region with an up move. Another interesting point to notice here is that volume saw a decrease in volume as blue candles were observed suggesting a weakening buying pressure.

ETHUSD 1D price chart via tradingview

Oscillator indicators

Most of the oscillators are neutral. CCI is around 62, in the neutral region. RSI above the midline with a value of around 61 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
263
NameValueAction
Relative Strength Index (14)61.57Neutral
Stochastic %K (14, 3, 3)47.58Neutral
Commodity Channel Index (20)65.43Neutral
Average Directional Index (14)24.91Buy
Awesome Oscillator4.42Buy
Momentum (10)7.38Sell
MACD Level (12, 26)11.2Sell
Stochastic RSI Fast (3, 3, 14, 14)30.19Neutral
Williams Percent Range (14)−29.86Neutral
Bull Bear Power21.8Buy
Ultimate Oscillator (7, 14, 28)61.22Neutral

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
0116

MOVING AVERAGES

NameValueAction
Exponential Moving Average (5)403.82Buy
Simple Moving Average (5)397.43Buy
Exponential Moving Average (10)401.12Buy
Simple Moving Average (10)395.43Buy
Exponential Moving Average (20)396.09Buy
Simple Moving Average (20)406.38Buy
Exponential Moving Average (30)384.49Buy
Simple Moving Average (30)400.75Buy
Exponential Moving Average (50)358.3Buy
Simple Moving Average (50)349.67Buy
Exponential Moving Average (100)310.6Buy
Simple Moving Average (100)290.85Buy
Exponential Moving Average (200)264.03Buy
Simple Moving Average (200)240.29Buy
Ichimoku Cloud Base Line (9, 26, 52, 26)403.5Neutral
Volume Weighted Moving Average (20)408.1Buy
Hull Moving Average (9)402.92Buy

Trade volume

In the recent candles, the volume traded decreased as the blue candles were observed from 57k to 28k being below the 20-candle moving average which decreased from 54k to 52k.


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