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 breaking the midline Bollinger band
  • Price volatility was very high. The market moved ~6.45% between $385 and $361.65

Today’s Trend analysis

  • ETHUSD expected to see a downtrend as potential head and shoulder is observed
  • Price at time of publishing: $374
  • ETH’s market cap: $42 Billion
  • Oscillator indicators are mostly neutral. RSI at 52
  • Moving average indicators are suggesting a downtrend. Ichimoku Cloud is neutral
  • Volume indicators observed a sudden spike for blue candle and decreased after that

Price expected to see a downtrend as potential head and shoulder is observed. Most of the Oscillator indicators are neutral. MACD  line approaching from below the signal line, with histogram size decreasing in negative direction suggesting bearish bias. RSI at 52, in the neutral region above the midline. CCI with a value of around -3 in the neutral region. Another interesting point to notice here is that the volume observed a sudden spike for blue candle and decreased after that indicating a bearish momentum.

ETHUSD 4hr price chart via tradingview

Oscillator indicators

Most of the oscillators are neutral. CCI at -3, in the neutral region. RSI with a value of around 52 in the neutral region above 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)52.07Neutral
Stochastic %K (14, 3, 3)60.57Neutral
Commodity Channel Index (20)−3.81Neutral
Average Directional Index (14)16.53Neutral
Awesome Oscillator7.09Buy
Momentum (10)12.55Sell
MACD Level (12, 26)2.53Sell
Stochastic RSI Fast (3, 3, 14, 14)42.6Neutral
Williams Percent Range (14)−44.75Neutral
Bull Bear Power2.48Neutral
Ultimate Oscillator (7, 14, 28)60.06Neutral

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
1016
NameValueAction
Exponential Moving Average (5)374.88Sell
Simple Moving Average (5)377.04Sell
Exponential Moving Average (10)374.06Sell
Simple Moving Average (10)371.91Buy
Exponential Moving Average (20)372.31Buy
Simple Moving Average (20)374.15Sell
Exponential Moving Average (30)370.72Buy
Simple Moving Average (30)371.52Buy
Exponential Moving Average (50)370.83Buy
Simple Moving Average (50)361.59Buy
Exponential Moving Average (100)376.97Sell
Simple Moving Average (100)384.84Sell
Exponential Moving Average (200)377.53Sell
Simple Moving Average (200)395.73Sell
Ichimoku Cloud Base Line (9, 26, 52, 26)371.8Neutral
Volume Weighted Moving Average (20)374.03Sell
Hull Moving Average (9)377.92Sell

Trade volume

In the recent few candles, the volume saw a sudden increase as price saw a sudden upmove and decreased after that, the traded volume was between 22.79k and 3.73k with an increase in the 20-candle moving average from 6.3k to 7.5k.


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