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.


Analysis Summary

Market in last 24hrs

  • ETHUSD saw a slight uptrend with price started to ride the upper band
  • Price volatility was very high. The market moved ~10.69% between $593.74 and $536.38

Today’s Trend analysis

  • ETHUSD expected to see an uptrend with the price riding the upper band with gap up in price expected with Bollinger band expanding
  • Price at the time of publishing: $586.16
  • ETH’s market cap: $66.6 Billion
  • Oscillator indicators are mostly neutral. RSI at 65
  • Moving average indicators are suggesting an uptrend. Ichimoku Cloud is neutral
  • Volume indicators observed a change from decreasing with an increase in price to an increase in volume with an increase in price

Price expected to see an uptrend with the price riding the upper band with gap up in price expected with Bollinger band expanding. Most of the Oscillator indicators are neutral. MACD line moving above the signal line, with the histogram size increasing in the positive region suggesting bullish bias. RSI at 65, in the neutral region above the midline. CCI with a value of around 147 in the overbought region. Another interesting point to notice here is that the volume observed a change from decreasing with an increase in price to an increase in volume with an increase in price indicating a shift from sellers to buyers.

ETHUSD 4hr price chart via tradingview

Oscillator indicators

Most of the oscillators are neutral. CCI at around 147, in the overbought region. RSI with a value of around 65 above 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.

SellNeutralBuy
353
NameValueAction
Relative Strength Index (14)65.51Neutral
Stochastic %K (14, 3, 3)94.38Sell
Commodity Channel Index (20)147.58Sell
Average Directional Index (14)25.11Neutral
Awesome Oscillator22.96Buy
Momentum (10)49.43Buy
MACD Level (12, 26)8.94Buy
Stochastic RSI Fast (3, 3, 14, 14)96.49Neutral
Williams Percent Range (14)−11.15Sell
Bull Bear Power58.65Neutral
Ultimate Oscillator (7, 14, 28)68.86Neutral

Moving Average Indicators

Moving average (MA) indicators indicating an uptrend. 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
1115
NameValueAction
Exponential Moving Average (5)573.24Buy
Simple Moving Average (5)571.16Buy
Exponential Moving Average (10)560.52Buy
Simple Moving Average (10)557.64Buy
Exponential Moving Average (20)550.18Buy
Simple Moving Average (20)536.3Buy
Exponential Moving Average (30)547.23Buy
Simple Moving Average (30)538.97Buy
Exponential Moving Average (50)541.43Buy
Simple Moving Average (50)556.56Buy
Exponential Moving Average (100)520.17Buy
Simple Moving Average (100)517.5Buy
Exponential Moving Average (200)483.76Buy
Simple Moving Average (200)468.03Buy
Ichimoku Cloud Base Line (9, 26, 52, 26)536.97Neutral
Volume Weighted Moving Average (20)529.86Buy
Hull Moving Average (9)587.61Sell

Trade volume

In the recent few candles, the traded volume observed a change from decreasing with an increase in price to an increase in volume with an increase in price, making the total volume between 12.1k and 49.9k. The 20-candle moving average observed a decline from 50.52k to 28.66k.


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