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 with riding the upper Bollinger band
  • Price volatility was very high. The market moved ~11.57%, between $466.62 and $418.22

Today’s Trend analysis

  • ETHUSD expected to see a sideways movement as the price is riding the upper band with Bollinger band expansion
  • Price at time of publishing: $462
  • ETH’s market cap: $51.8 Billion
  • Oscillator indicators are mostly neutral. RSI at 79
  • Moving average indicators are suggesting an uptrend. Ichimoku Cloud is neutral
  • Volume indicators observed a sudden increase in volume as price saw an uptrend

Price expected to see a sideways movement as the price is riding the upper band with Bollinger band expansion. Most of the Oscillator indicators are neutral. MACD  line moving above the signal line, histogram size increasing in positive direction. RSI at 79, in the overbought region with an up move, suggesting a trend reversal soon. CCI with a value of around 177 in the overbought region indicating a downtrend. Another interesting point to notice here is that the Bollinger band expands with sudden increase in volume as price saw an uptrend indicating a strong buying pressure.

ETHUSD 4hr price chart via tradingview

Oscillator indicators

Most of the oscillators are neutral. CCI at 179, in the overbought region indicating a downtrend. RSI with a value of around 79 in the overbought region suggesting a trend reversal soon.

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
353
NameValueAction
Relative Strength Index (14)79.32Sell
Stochastic %K (14, 3, 3)92.06Neutral
Commodity Channel Index (20)179.13Neutral
Average Directional Index (14)34.94Neutral
Awesome Oscillator34.02Buy
Momentum (10)43.18Sell
MACD Level (12, 26)13.47Buy
Stochastic RSI Fast (3, 3, 14, 14)88.06Neutral
Williams Percent Range (14)−9.35Sell
Bull Bear Power47.37Neutral
Ultimate Oscillator (7, 14, 28)70.75Buy

MOVING AVERAGES

Moving Average Indicators

Moving average (MA) indicators indicating 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
NameValueAction
Exponential Moving Average (5)444.07Buy
Simple Moving Average (5)441.93Buy
Exponential Moving Average (10)434.89Buy
Simple Moving Average (10)434.2Buy
Exponential Moving Average (20)423.08Buy
Simple Moving Average (20)418.79Buy
Exponential Moving Average (30)416.22Buy
Simple Moving Average (30)408.68Buy
Exponential Moving Average (50)409.83Buy
Simple Moving Average (50)401.99Buy
Exponential Moving Average (100)403.08Buy
Simple Moving Average (100)407.1Buy
Exponential Moving Average (200)382.86Buy
Simple Moving Average (200)396.54Buy
Ichimoku Cloud Base Line (9, 26, 52, 26)423.21Neutral
Volume Weighted Moving Average (20)425.86Buy
Hull Moving Average (9)448.68Buy

Trade volume

In the recent few candles, the volume saw a sudden increase from 17.1k to 55.95k as the price saw an uptrend, with the volume being above the 20-candle moving average which saw an increase from 21.17k to 26k.


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