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 price increasing from the lower band to upper band
  • Price volatility was very high. The market moved ~7.36% between $385.15 and $358.72

Today’s Trend analysis

  • ETHUSD expected to see an uptrend as potential double bottom pattern was observed
  • Price at time of publishing: $380
  • ETH’s market cap: $42 Billion
  • Oscillator indicators are mostly neutral. RSI at 57
  • Moving average indicators are suggesting an uptrend. Ichimoku Cloud is neutral
  • Volume indicators observed ups and down with relatively high value for blue candles than red ones

Price expected to see an uptrend as a potential double bottom pattern was observed. Most of the Oscillator indicators are neutral. MACD  line crossed above the signal line, with the histogram in positive region suggesting bullish bias. RSI at 57, in the neutral region above the midline. CCI with a value of around 96 in the neutral region with an upmove. Another interesting point to notice here is that the volume observed ups and down with relatively high value for blue candles than red ones indicating a strengthening buying pressure.

ETHUSD 4hr price chart via tradingview

Oscillator indicators

Most of the oscillators are neutral. CCI at 96, in the neutral region with an upmove. RSI with a value of around 57 in the neutral region above 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)57.74Neutral
Stochastic %K (14, 3, 3)62.25Neutral
Commodity Channel Index (20)101.41Neutral
Average Directional Index (14)15.02Neutral
Awesome Oscillator−0.07Neutral
Momentum (10)12.92Sell
MACD Level (12, 26)0.58Buy
Stochastic RSI Fast (3, 3, 14, 14)80.2Neutral
Williams Percent Range (14)−20.10Neutral
Bull Bear Power17.22Neutral
Ultimate Oscillator (7, 14, 28)56.54Neutral

MOVING AVERAGES

Moving Average Indicators

Moving average (MA) indicators indicating an uptrend. 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
1115
NameValueAction
Exponential Moving Average (5)372.76Buy
Simple Moving Average (5)371.41Buy
Exponential Moving Average (10)370.66Buy
Simple Moving Average (10)367.56Buy
Exponential Moving Average (20)370.13Buy
Simple Moving Average (20)370.51Buy
Exponential Moving Average (30)369.7Buy
Simple Moving Average (30)372.2Buy
Exponential Moving Average (50)370Buy
Simple Moving Average (50)367.72Buy
Exponential Moving Average (100)375.16Buy
Simple Moving Average (100)379.03Buy
Exponential Moving Average (200)376.5Buy
Simple Moving Average (200)392.93Sell
Ichimoku Cloud Base Line (9, 26, 52, 26)371.8Neutral
Volume Weighted Moving Average (20)371.4Buy
Hull Moving Average (9)374.58Buy

Trade volume

In the recent few candles, the volume saw ups and downs with relatively higher value for blue candles than the red ones, with the traded volume in between 16.25k and 3.78k with an increase in the 20-candle moving average from 9.16k to 9.75k.


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