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.
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.
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.
|Relative Strength Index (14)||57.74||Neutral|
|Stochastic %K (14, 3, 3)||62.25||Neutral|
|Commodity Channel Index (20)||101.41||Neutral|
|Average Directional Index (14)||15.02||Neutral|
|MACD Level (12, 26)||0.58||Buy|
|Stochastic RSI Fast (3, 3, 14, 14)||80.2||Neutral|
|Williams Percent Range (14)||−20.10||Neutral|
|Bull Bear Power||17.22||Neutral|
|Ultimate Oscillator (7, 14, 28)||56.54||Neutral|
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.
|Exponential Moving Average (5)||372.76||Buy|
|Simple Moving Average (5)||371.41||Buy|
|Exponential Moving Average (10)||370.66||Buy|
|Simple Moving Average (10)||367.56||Buy|
|Exponential Moving Average (20)||370.13||Buy|
|Simple Moving Average (20)||370.51||Buy|
|Exponential Moving Average (30)||369.7||Buy|
|Simple Moving Average (30)||372.2||Buy|
|Exponential Moving Average (50)||370||Buy|
|Simple Moving Average (50)||367.72||Buy|
|Exponential Moving Average (100)||375.16||Buy|
|Simple Moving Average (100)||379.03||Buy|
|Exponential Moving Average (200)||376.5||Buy|
|Simple Moving Average (200)||392.93||Sell|
|Ichimoku Cloud Base Line (9, 26, 52, 26)||371.8||Neutral|
|Volume Weighted Moving Average (20)||371.4||Buy|
|Hull Moving Average (9)||374.58||Buy|
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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