ETHEREUM NAME SERVICE - ENS/USD - 1H - Technical analysis published on 12/24/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
61%
0%
39%
My opinion
Bearish under 11.08 USD
My targets
10.80 USD (-0.92%)
10.42 USD (-4.40%)
My analysis
Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 11.08 USD remains possible. It is advisable to trade ETHEREUM NAME SERVICE - ENS/USD with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 11.08 USD. The next bearish objective for sellers is set at 10.80 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 10.42 USD. In case of crossing, the next objective would be the support located at 9.32 USD. PS: if there is a bullish break in the resistance located at 11.08 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.
In the very short term, technical indicators are in opposition with the general bearish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.
Force
0
10
1.3
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The ETHEREUM NAME SERVICE - ENS/USD price is 10.90 USD. The price registered a decrease of -0.09% on the session and was between 10.71 USD and 11.00 USD. This implies that the price is at +1.77% from its lowest and at -0.91% from its highest.10.71
11.00
10.90
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by ETHEREUM NAME SERVICE - ENS/USD:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of ETHEREUM NAME SERVICE - ENS/USD indicates that the overall trend is bearish. 75.00% of the signals given by moving averages are bearish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:
Bullish trend reversal : adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
In fact, according to the parameters integrated into the Central Analyzer system, 11 technical indicators out of 18 analysed are currently bullish. Other results related to technical indicators were also found by the Central Indicators scanner:
RSI indicator is back over 50
Type : Bullish
Timeframe : 1 hour
Momentum indicator is back over 0
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 9.32 | 10.42 | 10.80 | 10.90 | 11.08 | 11.33 | 11.81 |
| Change (%) | -14.50% | -4.40% | -0.92% | - | +1.65% | +3.94% | +8.35% |
| Change | -1.58 | -0.48 | -0.10 | - | +0.18 | +0.43 | +0.91 |
| Level | Minor | Major | Intermediate | - | Intermediate | Intermediate | Minor |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 10.22 | 10.51 | 10.71 | 11.00 | 11.20 | 11.49 | 11.69 |
| Camarilla | 10.78 | 10.82 | 10.87 | 10.91 | 10.96 | 11.00 | 11.05 |
| Woodie | 10.18 | 10.49 | 10.67 | 10.98 | 11.16 | 11.47 | 11.65 |
| Fibonacci | 10.51 | 10.70 | 10.81 | 11.00 | 11.19 | 11.30 | 11.49 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.76 | 9.41 | 10.54 | 12.19 | 13.32 | 14.97 | 16.10 |
| Camarilla | 10.90 | 11.15 | 11.41 | 11.66 | 11.92 | 12.17 | 12.43 |
| Woodie | 7.49 | 9.28 | 10.27 | 12.06 | 13.05 | 14.84 | 15.83 |
| Fibonacci | 9.41 | 10.48 | 11.13 | 12.19 | 13.26 | 13.91 | 14.97 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.61 | 5.86 | 9.99 | 14.24 | 18.37 | 22.62 | 26.75 |
| Camarilla | 11.83 | 12.59 | 13.36 | 14.13 | 14.90 | 15.67 | 16.44 |
| Woodie | 1.56 | 5.83 | 9.94 | 14.21 | 18.32 | 22.59 | 26.70 |
| Fibonacci | 5.86 | 9.06 | 11.04 | 14.24 | 17.44 | 19.42 | 22.62 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 49.66 | |
| MACD (12,26,9): | -0.0400 | |
| Directional Movement: | -3.20 | |
| AROON (14): | -50.00 | |
| DEMA (21): | 10.79 | |
| Parabolic SAR (0,02-0,02-0,2): | 10.72 | |
| Elder Ray (13): | 0.04 | |
| Super Trend (3,10): | 11.03 | |
| Zig ZAG (10): | 10.86 | |
| VORTEX (21): | 0.9700 | |
| Stochastique (14,3,5): | 50.79 | |
| TEMA (21): | 10.81 | |
| Williams %R (14): | -40.74 | |
| Chande Momentum Oscillator (20): | 0.06 | |
| Repulse (5,40,3): | -0.2000 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0700 | |
| Courbe Coppock: | 1.37 |
| MA7: | 11.13 | |
| MA20: | 12.45 | |
| MA50: | 13.01 | |
| MA100: | 14.74 | |
| MAexp7: | 10.83 | |
| MAexp20: | 10.85 | |
| MAexp50: | 10.95 | |
| MAexp100: | 11.11 | |
| Price / MA7: | -2.07% | |
| Price / MA20: | -12.45% | |
| Price / MA50: | -16.22% | |
| Price / MA100: | -26.05% | |
| Price / MAexp7: | +0.65% | |
| Price / MAexp20: | +0.46% | |
| Price / MAexp50: | -0.46% | |
| Price / MAexp100: | -1.89% |
Quotes :
-
Real time data
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Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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