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 with riding the lower band and Bollinger band expansion
  • Price volatility was very high. The market moved ~18.69%, between $438.18 and $370.00

Today’s Trend analysis

  • ETHUSD expected to see a slight uptrend as the price got support from lower band with Bollinger band expansion
  • Price at time of publishing: $387
  • ETH’s market cap: $43.6 Billion
  • Oscillator indicators are mostly neutral. RSI at 32
  • Moving average indicators are suggesting a downtrend. Ichimoku Cloud is neutral
  • Volume indicators observed an increase for red candles while a decrease for the blue candles

Price expected to see a slight uptrend as the price got support from lower band with Bollinger band expansion. Most of the Oscillator indicators are neutral. MACD  line moving below the signal line, with histogram size decreasing in negative direction. RSI at 32, in the neutral region below the midline, with an up move from the oversold region. CCI with a value of around -123 in the oversold region indicating an uptrend. Another interesting point to notice here is that the volume saw an increase for red candles and a decrease in blue candles, suggesting a strengthened selling pressure.

ETHUSD 4hr price chart via tradingview

Oscillator indicators

Most of the oscillators are neutral. CCI at -132, in the oversold region suggesting an uptrend. RSI with a value of around 32 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
353
NameValueAction
Relative Strength Index (14)32.05Neutral
Stochastic %K (14, 3, 3)10.86Buy
Commodity Channel Index (20)−132.36Buy
Average Directional Index (14)33.09Neutral
Awesome Oscillator−36.41Sell
Momentum (10)−45.07Sell
MACD Level (12, 26)−9.91Sell
Stochastic RSI Fast (3, 3, 14, 14)2.99Neutral
Williams Percent Range (14)−85.74Buy
Bull Bear Power−56.98Neutral
Ultimate Oscillator (7, 14, 28)42.78Neutral

MOVING AVERAGES

Moving Average Indicators

Moving average (MA) indicators indicating a downtrend. 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
1511
NameValueAction
Exponential Moving Average (5)394.75Sell
Simple Moving Average (5)391.91Sell
Exponential Moving Average (10)408.92Sell
Simple Moving Average (10)413.99Sell
Exponential Moving Average (20)421.14Sell
Simple Moving Average (20)438.12Sell
Exponential Moving Average (30)422.93Sell
Simple Moving Average (30)434.13Sell
Exponential Moving Average (50)420.22Sell
Simple Moving Average (50)417.78Sell
Exponential Moving Average (100)412.22Sell
Simple Moving Average (100)408.39Sell
Exponential Moving Average (200)391.44Sell
Simple Moving Average (200)404.93Sell
Ichimoku Cloud Base Line (9, 26, 52, 26)430.57Neutral
Volume Weighted Moving Average (20)432.76Sell
Hull Moving Average (9)374.14Buy

Trade volume

In the recent few candles, the volume saw an increase in the recent red candles and a decrease in the blue candles, the increase was from 37k to 126k and decreased to 62.9k with blue candles with an increase in the 20-candle moving average 44.6k to 57.9k.


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