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 support from the lower band
  • Price volatility was very high. The market moved ~7.39% between $390.1 and $363.25

Today’s Trend analysis

  • ETHUSD expected to see an uptrend as the price is trading between the parallel channel
  • Price at time of publishing: $366
  • ETH’s market cap: $41 Billion
  • Oscillator indicators are mostly neutral. RSI at 50
  • Moving average indicators are suggesting a downtrend. Ichimoku Cloud is neutral
  • Volume indicators observed a relatively low value with high value changing from red to blue candles

Price expected to see an uptrend as the price is trading between the parallel channel. Most of the Oscillator indicators are neutral. MACD  line crossed below the signal line, with histogram size increasing in negative direction suggesting bearish bias. RSI at 50, in the neutral region close to the midline. CCI with a value of around -28 in the neutral region. Another interesting point to notice here is that the volume observed a relatively low value with high value changing from red to blue candles indicating a shift from sellers to buyers.

ETHUSD 4hr price chart via tradingview

Oscillator indicators

Most of the oscillators are neutral. CCI at -28, in the neutral region. RSI with a value of around 50 in the neutral region close to 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
281
NameValueAction
Relative Strength Index (14)48.77Neutral
Stochastic %K (14, 3, 3)35.37Neutral
Commodity Channel Index (20)−40.25Neutral
Average Directional Index (14)20.91Neutral
Awesome Oscillator−0.21Sell
Momentum (10)−6.28Buy
MACD Level (12, 26)1.61Sell
Stochastic RSI Fast (3, 3, 14, 14)17.38Neutral
Williams Percent Range (14)−63.52Neutral
Bull Bear Power−7.66Neutral
Ultimate Oscillator (7, 14, 28)52.75Neutral

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
1313
NameValueAction
Exponential Moving Average (5)367.52Sell
Simple Moving Average (5)364.64Buy
Exponential Moving Average (10)369.75Sell
Simple Moving Average (10)374.41Sell
Exponential Moving Average (20)369.23Sell
Simple Moving Average (20)371.02Sell
Exponential Moving Average (30)368.08Sell
Simple Moving Average (30)367.73Sell
Exponential Moving Average (50)369.39Sell
Simple Moving Average (50)357.91Buy
Exponential Moving Average (100)377.07Sell
Simple Moving Average (100)386.17Sell
Exponential Moving Average (200)377.62Sell
Simple Moving Average (200)395.94Sell
Ichimoku Cloud Base Line (9, 26, 52, 26)370.37Neutral
Volume Weighted Moving Average (20)369.24Sell
Hull Moving Average (9)361.06Buy

Trade volume

In the recent few candles, the volume was relatively low with the traded volume between 44k and 11k with a similar value for the 20-candle moving average which was around 24.75k.


About Mudrex

Mudrex platform helps traders build no-code Algo trading bots using Technical analysis based indicators.

Mudrex Invest is a collection of reviewed and verified funds created by professional traders on Mudrex. Traders create these funds using their trading bots. Individual investors can invest in them for a monthly fee and gain the benefits of passive investing!
Signup today: https://mudrex.com/