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 a downtrend and had broken the midline Bollinger band
  • Price volatility was very high. The market moved ~12.2%, between $472.08.00 and $420.58

Today’s Trend analysis

  • ETHUSD expected to see a downtrend as lower highs were observed along with squeeze in Bollinger band
  • Price at time of publishing: $423
  • ETH’s market cap: $48 Billion
  • Oscillator indicators are mostly neutral. RSI at 42
  • Moving average indicators are suggesting a downtrend. Ichimoku Cloud is neutral
  • Volume indicators observed a decrease except a spike with blue candle and an increase in 20-candle moving average

Price expected to see a downtrend as lower highs were observed along with squeeze in Bollinger band. Most of the Oscillator indicators are neutral. MACD  line moving below the signal line, with histogram size decreasing in negative direction. RSI at 42, in the neutral region below the midline. CCI with a value of around -78 in the neutral region with a down move. Another interesting point to notice here is that the volume saw a decrease except a spike was observed for a blue candle suggesting a strengthened buying pressure.

ETHUSD 4hr price chart via tradingview

Oscillator indicators

Most of the oscillators are neutral. CCI at -78, in the oversold region. RSI with a value of around 42 in the neutral region below the midline.

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
191
NameValueAction
Relative Strength Index (14)42.99Neutral
Stochastic %K (14, 3, 3)21.9Neutral
Commodity Channel Index (20)−93.88Neutral
Average Directional Index (14)30.19Neutral
Awesome Oscillator5.36Neutral
Momentum (10)−50.89Buy
MACD Level (12, 26)4.82Sell
Stochastic RSI Fast (3, 3, 14, 14)7.07Neutral
Williams Percent Range (14)−93.22Neutral
Bull Bear Power−21.43Neutral
Ultimate Oscillator (7, 14, 28)48.12Neutral

MOVING AVERAGES

Moving Average Indicators

Moving average (MA) indicators indicating a downtrend. 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)436Sell
Simple Moving Average (5)436.35Sell
Exponential Moving Average (10)441.81Sell
Simple Moving Average (10)446.96Sell
Exponential Moving Average (20)440.89Sell
Simple Moving Average (20)448.15Sell
Exponential Moving Average (30)435.56Sell
Simple Moving Average (30)436Sell
Exponential Moving Average (50)426.63Sell
Simple Moving Average (50)417.17Buy
Exponential Moving Average (100)414.41Buy
Simple Moving Average (100)410.2Buy
Exponential Moving Average (200)391.43Buy
Simple Moving Average (200)404.34Buy
Ichimoku Cloud Base Line (9, 26, 52, 26)445.95Neutral
Volume Weighted Moving Average (20)449.56Sell
Hull Moving Average (9)432.42Sell

Trade volume

In the recent few candles, the volume saw a decrease except a spike observed for a blue candle from 77.6k to 15.5k with an increase in 20-candle moving average from 40.2k to 45.9k.


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