ETHEREUM NAME SERVICE - ENS/USDT - 1H - Technical analysis published on 06/12/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
67%
0%
33%
My opinion
Bearish under 9.71 USDT
My targets
7.84 USDT (-15.06%)
6.50 USDT (-29.58%)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on ETHEREUM NAME SERVICE - ENS/USDT. As long as you are under the resistance located at 9.71 USDT, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 7.84 USDT would be a signal of a reversal in the basic trend and the short-term trend could then quickly become bearish. Sellers would then use the next support located at 6.50 USDT as an objective. Crossing it would then enable sellers to target 3.98 USDT. If the resistance 9.71 USDT were to be broken, this would simply be a sign of possible further short-term consolidation and trading against this trend would then perhaps be more risky.
In the very short term, the general bearish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bearish direction is still favored, however the current short term correction should be carefully watched.
Force
0
10
1.1
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This analysis was given by JihadJason. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
ETHEREUM NAME SERVICE - ENS/USDT rating 9.23 USDT. The price registered an increase of +0.55% on the session and was traded between 8.30 USDT and 9.46 USDT over the period. The price is currently at +11.20% from its lowest and -2.43% from its highest.8.30
9.46
9.23
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Abnormal volumes
Timeframe : 5 days
Technical
Technical analysis of ETHEREUM NAME SERVICE - ENS/USDT in 1H shows an overall bearish trend. 75.00% of the signals given by moving averages are bearish. Caution: as the signals currently given by short-term moving averages are rather neutral, the bearish trend could slow down. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
The probability of a further increase are moderate given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 3
Type : Neutral
Timeframe : 1 hour
SuperTrend indicator bullish reversal
Type : Bullish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near support of channel
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
R1
R2
R3
Price
| Price | R1 | R2 | R3 | |
|---|---|---|---|---|
| ProTrendLines | 9.23 | 9.71 | 10.47 | 10.70 |
| Change (%) | - | +5.20% | +13.43% | +15.93% |
| Change | - | +0.48 | +1.24 | +1.47 |
| Level | - | Intermediate | Intermediate | Intermediate |
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 | 6.77 | 7.89 | 8.54 | 9.66 | 10.31 | 11.43 | 12.08 |
| Camarilla | 8.69 | 8.86 | 9.02 | 9.18 | 9.34 | 9.51 | 9.67 |
| Woodie | 6.53 | 7.77 | 8.30 | 9.54 | 10.07 | 11.31 | 11.84 |
| Fibonacci | 7.89 | 8.57 | 8.99 | 9.66 | 10.34 | 10.76 | 11.43 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.98 | 6.50 | 7.84 | 10.36 | 11.70 | 14.22 | 15.56 |
| Camarilla | 8.12 | 8.47 | 8.83 | 9.18 | 9.53 | 9.89 | 10.24 |
| Woodie | 3.39 | 6.21 | 7.25 | 10.07 | 11.11 | 13.93 | 14.97 |
| Fibonacci | 6.50 | 7.98 | 8.89 | 10.36 | 11.84 | 12.75 | 14.22 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -15.90 | -4.25 | 3.81 | 15.46 | 23.52 | 35.17 | 43.23 |
| Camarilla | 6.44 | 8.25 | 10.05 | 11.86 | 13.67 | 15.47 | 17.28 |
| Woodie | -17.71 | -5.15 | 2.01 | 14.56 | 21.72 | 34.27 | 41.43 |
| Fibonacci | -4.25 | 3.28 | 7.93 | 15.46 | 22.99 | 27.64 | 35.17 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 52.09 | |
| MACD (12,26,9): | -0.1900 | |
| Directional Movement: | 1.36 | |
| AROON (14): | 71.43 | |
| DEMA (21): | 8.69 | |
| Parabolic SAR (0,02-0,02-0,2): | 8.31 | |
| Elder Ray (13): | 0.31 | |
| Super Trend (3,10): | 9.33 | |
| Zig ZAG (10): | 9.26 | |
| VORTEX (21): | 0.9700 | |
| Stochastique (14,3,5): | 85.81 | |
| TEMA (21): | 8.86 | |
| Williams %R (14): | -15.80 | |
| Chande Momentum Oscillator (20): | 0.80 | |
| Repulse (5,40,3): | 4.6600 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.4800 | |
| Courbe Coppock: | 0.49 |
| MA7: | 10.84 | |
| MA20: | 11.02 | |
| MA50: | 13.60 | |
| MA100: | 14.68 | |
| MAexp7: | 8.99 | |
| MAexp20: | 9.00 | |
| MAexp50: | 9.58 | |
| MAexp100: | 10.21 | |
| Price / MA7: | -14.85% | |
| Price / MA20: | -16.24% | |
| Price / MA50: | -32.13% | |
| Price / MA100: | -37.13% | |
| Price / MAexp7: | +2.67% | |
| Price / MAexp20: | +2.56% | |
| Price / MAexp50: | -3.65% | |
| Price / MAexp100: | -9.60% |
Quotes :
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Real time data
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Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
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