ETHEREUM NAME SERVICE - ENS/USD - 1H - Technical analysis published on 08/17/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
17%
44%
39%
My opinion
Bearish under 8.41 USD
My targets
8.22 USD (-0.36%)
7.81 USD (-5.33%)
My analysis
The bearish trend is currently very strong for ETHEREUM NAME SERVICE - ENS/USD. As long as the price remains below the resistance at 8.41 USD, you could try to take advantage of the bearish rally. The first bearish objective is located at 8.22 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 7.81 USD as an objective. Crossing it would then enable sellers to target 7.30 USD. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
Force
0
10
7
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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 rating is 8.25 USD. The price is lower by -0.24% since the last closing with the lowest point at 8.18 USD and the highest point at 8.45 USD. The deviation from the price is +0.86% for the low point and -2.37% for the high point.8.18
8.45
8.25
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this ETHEREUM NAME SERVICE - ENS/USD chart shows a sharp bearish trend. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : 1 hour
An assessment of technical indicators shows a slightly bearish signal.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
Price is back under the pivot point
Type : Bearish
Timeframe : 1 hour
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
The presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:
Black evening star
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S2
S1
R1
R2
R3
Price
| S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 7.30 | 8.25 | 8.25 | 8.41 | 8.52 | 8.87 |
| Change (%) | -11.52% | 0% | - | +1.94% | +3.27% | +7.52% |
| Change | -0.95 | 0 | - | +0.16 | +0.27 | +0.62 |
| Level | Major | Intermediate | - | Minor | Minor | Minor |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.51 | 7.80 | 8.04 | 8.33 | 8.57 | 8.86 | 9.10 |
| Camarilla | 8.12 | 8.17 | 8.22 | 8.27 | 8.32 | 8.37 | 8.42 |
| Woodie | 7.48 | 7.79 | 8.01 | 8.32 | 8.54 | 8.85 | 9.07 |
| Fibonacci | 7.80 | 8.01 | 8.13 | 8.33 | 8.54 | 8.66 | 8.86 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8.22 | 8.54 | 8.77 | 9.09 | 9.32 | 9.64 | 9.87 |
| Camarilla | 8.85 | 8.90 | 8.95 | 9.00 | 9.05 | 9.10 | 9.15 |
| Woodie | 8.18 | 8.52 | 8.73 | 9.07 | 9.28 | 9.62 | 9.83 |
| Fibonacci | 8.54 | 8.75 | 8.88 | 9.09 | 9.30 | 9.43 | 9.64 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.94 | 7.81 | 8.68 | 9.55 | 10.42 | 11.29 | 12.16 |
| Camarilla | 9.07 | 9.23 | 9.39 | 9.55 | 9.71 | 9.87 | 10.03 |
| Woodie | 6.94 | 7.81 | 8.68 | 9.55 | 10.42 | 11.29 | 12.16 |
| Fibonacci | 7.81 | 8.48 | 8.89 | 9.55 | 10.22 | 10.63 | 11.29 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 39.89 | |
| MACD (12,26,9): | -0.0300 | |
| Directional Movement: | -9.42 | |
| AROON (14): | -7.14 | |
| DEMA (21): | 8.28 | |
| Parabolic SAR (0,02-0,02-0,2): | 8.12 | |
| Elder Ray (13): | -0.03 | |
| Super Trend (3,10): | 8.43 | |
| Zig ZAG (10): | 8.25 | |
| VORTEX (21): | 0.8500 | |
| Stochastique (14,3,5): | 55.67 | |
| TEMA (21): | 8.32 | |
| Williams %R (14): | -84.48 | |
| Chande Momentum Oscillator (20): | -0.09 | |
| Repulse (5,40,3): | -1.6200 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0800 | |
| Courbe Coppock: | 1.35 |
| MA7: | 8.72 | |
| MA20: | 9.07 | |
| MA50: | 9.29 | |
| MA100: | 9.32 | |
| MAexp7: | 8.32 | |
| MAexp20: | 8.34 | |
| MAexp50: | 8.46 | |
| MAexp100: | 8.63 | |
| Price / MA7: | -5.39% | |
| Price / MA20: | -9.04% | |
| Price / MA50: | -11.19% | |
| Price / MA100: | -11.48% | |
| Price / MAexp7: | -0.84% | |
| Price / MAexp20: | -1.08% | |
| Price / MAexp50: | -2.48% | |
| Price / MAexp100: | -4.40% |
Quotes :
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Real time data
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This member declared not having a position on this financial instrument or a related financial instrument.
About author
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