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 saw a breakout and rejecting from the upper band
- Price volatility was high. The market moved ~6.9%, between $430.5 and $402.76
Today’s Trend analysis
- ETHUSD expected to see a slight downtrend as a gap up was observed post which the price rejected from the upper band
- Price at time of publishing: $421
- ETH’s market cap: $47.5 Billion
- Oscillator indicators are mostly neutral. RSI at 68
- Moving average indicators are suggesting an uptrend. Ichimoku Cloud is neutral
- Volume indicators observed a decrease in volume in the recent candles after a sudden spike
Price expected to see a slight downtrend as a gap up was observed post which the price rejected from the upper band. Most of the Oscillator indicators are neutral. MACD line above the signal line, histogram size decreasing in positive direction. RSI at 68, in the neutral region with a pullback from overbought. CCI with a value of around 127 in the overbought region with a down move indicating a downtrend. Another interesting point to notice here is that the Bollinger band expansion is taking place.
Most of the oscillators are neutral. CCI at 128, in the overbought region indicating a downtrend. RSI with a value of around 68 pulled back from overbought to 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.
|Relative Strength Index (14)||68.34||Neutral|
|Stochastic %K (14, 3, 3)||88.7||Neutral|
|Commodity Channel Index (20)||127.78||Sell|
|Average Directional Index (14)||28.12||Neutral|
|MACD Level (12, 26)||8.58||Buy|
|Stochastic RSI Fast (3, 3, 14, 14)||81.12||Neutral|
|Williams Percent Range (14)||−17.89||Sell|
|Bull Bear Power||24.82||Neutral|
|Ultimate Oscillator (7, 14, 28)||67.09||Neutral|
Moving Average Indicators
Moving average (MA) indicators indicating 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.
|Exponential Moving Average (5)||421.91||Buy|
|Simple Moving Average (5)||423.98||Sell|
|Exponential Moving Average (10)||415.89||Buy|
|Simple Moving Average (10)||413.8||Buy|
|Exponential Moving Average (20)||407.98||Buy|
|Simple Moving Average (20)||404.67||Buy|
|Exponential Moving Average (30)||404.07||Buy|
|Simple Moving Average (30)||397.93||Buy|
|Exponential Moving Average (50)||401.52||Buy|
|Simple Moving Average (50)||396.05||Buy|
|Exponential Moving Average (100)||398.35||Buy|
|Simple Moving Average (100)||406.99||Buy|
|Exponential Moving Average (200)||379.33||Buy|
|Simple Moving Average (200)||392.96||Buy|
|Ichimoku Cloud Base Line (9, 26, 52, 26)||399.5||Neutral|
|Volume Weighted Moving Average (20)||405.77||Buy|
|Hull Moving Average (9)||431.57||Sell|
In the recent few candles, the volume reached a spike as breakout observed, and decreased thereafter. The spike was observed at 58k which decreased up to 10k in the subsequent candles. The 20-candle moving average increased from 18.2k to 22k.
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