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 and got rejected from the upper Bollinger band
  • Price volatility was very high. The market moved ~6.13%, between $486.00 and $457.95

Today’s Trend analysis

  • ETHUSD expected to see a downtrend as the price got rejected from the upper band after riding the band
  • Price at time of publishing: $472
  • ETH’s market cap: $53 Billion
  • Oscillator indicators are mostly neutral. RSI at 73
  • Moving average indicators are suggesting an uptrend. Ichimoku Cloud is neutral
  • Volume indicators observed a decrease as the price rides the band and rejects

Price expected to see a downtrend as the price got rejected from the upper band after riding the band. Most of the Oscillator indicators are neutral. MACD  line moving above the signal line, signal line approaching the MACD line from below with histogram size decreasing in positive direction. RSI at 73, in the overbought region decreasing, suggesting a trend reversal soon. CCI with a value of around 167 in the overbought region with a down move indicating a downtrend. Another interesting point to notice here is that the Bollinger band expansion takes place with a decrease in volume as price falls.

ETHUSD 4hr price chart via tradingview

Oscillator indicators

Most of the oscillators are neutral. CCI at 168, in the overbought region indicating a downtrend. RSI with a value of around 73 in the overbought indicating a downtrend as well.

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
452
NameValueAction
Relative Strength Index (14)73.24Sell
Stochastic %K (14, 3, 3)89.22Neutral
Commodity Channel Index (20)168.69Sell
Average Directional Index (14)27.5Neutral
Awesome Oscillator34.23Buy
Momentum (10)82.03Sell
MACD Level (12, 26)20.99Buy
Stochastic RSI Fast (3, 3, 14, 14)91.78Neutral
Williams Percent Range (14)−13.37Sell
Bull Bear Power99.04Neutral
Ultimate Oscillator (7, 14, 28)68.29Neutral

MOVING AVERAGES

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.

SellNeutralBuy
1115
NameValueAction
Exponential Moving Average (5)447.79Buy
Simple Moving Average (5)442Buy
Exponential Moving Average (10)429.78Buy
Simple Moving Average (10)416.7Buy
Exponential Moving Average (20)413.59Buy
Simple Moving Average (20)416.21Buy
Exponential Moving Average (30)398.77Buy
Simple Moving Average (30)408.83Buy
Exponential Moving Average (50)370.14Buy
Simple Moving Average (50)362.97Buy
Exponential Moving Average (100)319.46Buy
Simple Moving Average (100)298.63Buy
Exponential Moving Average (200)269.9Buy
Simple Moving Average (200)243.13Buy
Ichimoku Cloud Base Line (9, 26, 52, 26)427.21Neutral
Volume Weighted Moving Average (20)418.48Buy
Hull Moving Average (9)473.63Sell

Trade volume

In the recent few candles, the volume saw a sudden decrease as the price was riding the upper band, the volume decreased from 76.99k to 28.13k being above the 20-candle moving average which increased from 28.5k to 37.1k.


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