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.


Analysis Summary

Market in last 24hrs

  • ETHUSD saw an uptrend after getting support from Lower Bollinger Band
  • Price volatility was high. The market moved ~5.04%, between $396 and $377

Today’s Trend analysis

  • ETHUSD expected to see a slight uptrend as the price was trading inside the band and higher lows were observed
  • Price at time of publishing: $390
  • ETH’s market cap: $44.4 Billion
  • Oscillator indicators are mostly neutral. RSI at 54
  • Moving average indicators are biased towards an uptrend. Ichimoku Cloud is neutral
  • Volume indicators saw an increase in volume as the blue candles were seen and a decrease thereafter as red candles were observed

Price expected to see a slight uptrend further as price trading inside the bands with higher lows observed. Most of the Oscillator indicators are neutral. MACD  line crossed above the signal line, histogram size increasing in the positive direction. RSI at 54, above the midline still in the neutral region. CCI in the neutral region with a value of around 30. Another interesting point to notice here is that there was an increase in volume as the blue candles were seen and a decrease thereafter as red candles were observed.

ETHUSD 4hr price chart via tradingview

Oscillator indicators

Most of the oscillators are neutral. CCI at 33, in the neutral region. RSI above the midline around 54 still 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.

SellNeutralBuy
272
NameValueAction
Relative Strength Index (14)54.82Neutral
Stochastic %K (14, 3, 3)78.46Neutral
Commodity Channel Index (20)33.91Neutral
Average Directional Index (14)25.76Neutral
Awesome Oscillator0.33Buy
Momentum (10)9.63Sell
MACD Level (12, 26)−0.37Buy
Stochastic RSI Fast (3, 3, 14, 14)84.94Neutral
Williams Percent Range (14)−19.35Sell
Bull Bear Power11.45Neutral
Ultimate Oscillator (7, 14, 28)69.12Neutral

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
NameValueAction
Exponential Moving Average (5)389.63Buy
Simple Moving Average (5)389.35Buy
Exponential Moving Average (10)387.90Buy
Simple Moving Average (10)384.43Buy
Exponential Moving Average (20)388.03Buy
Simple Moving Average (20)388.95Buy
Exponential Moving Average (30)388.05Buy
Simple Moving Average (30)389.97Buy
Exponential Moving Average (50)384.72Buy
Simple Moving Average (50)390.71Buy
Exponential Moving Average (100)365.70Buy
Simple Moving Average (100)371.37Buy
Exponential Moving Average (200)330.22Buy
Simple Moving Average (200)312.33Buy
Ichimoku Cloud Base Line (9, 26, 52, 26)382.96Neutral
Volume Weighted Moving Average (20)388.69Buy
Hull Moving Average (9)393.90Sell

Trade volume

In recent few candles, the traded volume increased from 18k to 58k in the recent blue candles and decreased thereafter to 19k in the red candles with the 20-candle moving average increasing from 29k to 34k.


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