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 the blog here and on Tradingview here.
Market in last 24hrs
- ETHUSD saw a downtrend followed touching the lower band and moving sideways
- Price volatility was high. The market moved ~3.71% between $417.86 and $402.92
Today’s Trend analysis
- ETHUSD expected to see a downtrend as the price has been riding the lower Bollinger band and the band has been moving down
- Price at the time of publishing: $406.20
- ETH’s market cap: $45.96 Billion
- Oscillator indicators are mostly neutral. RSI at 50
- Moving average indicators are suggesting a downtrend. Ichimoku Cloud is neutral
- Volume indicators observed an increase in volume with a price decline with the volume being below the 20-candle moving average
Price expected to see a downtrend as the price has been riding the lower Bollinger band and the band has been moving down. Most of the Oscillator indicators are neutral. MACD line moving below the signal line, with the histogram size decreasing in negative region suggesting bearish bias. RSI at 50, in the neutral region close to the midline. CCI with a value of around -129 in the oversold region indicating an uptrend. Another interesting point to notice here is that the volume observed an increase in volume with a price decline with the volume being below the 20-candle moving average indicating strong selling pressure.
Most of the oscillators are neutral. CCI at -129, in the oversold region. RSI with a value of around 50 close to the midline in the neutral region.
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)||50.23||Neutral|
|Stochastic %K (14, 3, 3)||28.99||Neutral|
|Commodity Channel Index (20)||−129.94||Neutral|
|Average Directional Index (14)||18.14||Neutral|
|MACD Level (12, 26)||2.99||Sell|
|Stochastic RSI Fast (3, 3, 14, 14)||8.18||Neutral|
|Williams Percent Range (14)||−82.98||Neutral|
|Bull Bear Power||−2.90||Buy|
|Ultimate Oscillator (7, 14, 28)||50.61||Neutral|
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.
|Exponential Moving Average (5)||407.52||Sell|
|Simple Moving Average (5)||407.15||Sell|
|Exponential Moving Average (10)||408.63||Sell|
|Simple Moving Average (10)||409.52||Sell|
|Exponential Moving Average (20)||407.58||Sell|
|Simple Moving Average (20)||411.12||Sell|
|Exponential Moving Average (30)||404.43||Buy|
|Simple Moving Average (30)||407.59||Sell|
|Exponential Moving Average (50)||397.97||Buy|
|Simple Moving Average (50)||394.62||Buy|
|Exponential Moving Average (100)||386.76||Buy|
|Simple Moving Average (100)||384.65||Buy|
|Exponential Moving Average (200)||377.35||Buy|
|Simple Moving Average (200)||366.94||Buy|
|Ichimoku Cloud Base Line (9, 26, 52, 26)||406.41||Neutral|
|Volume Weighted Moving Average (20)||411.71||Sell|
|Hull Moving Average (9)||406.39||Sell|
In the recent few candles, the traded volume saw a decline, with the volume increasing as the price saw a decline, having low values for red candles, making the total traded volume between 17.33 and 3.56k being below the 20-candle moving average which decreased from 20.09k to 13.39k.
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