ETHEREUM - ETH/USDT - 1H - Technical analysis published on 01/11/2021 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
17%
67%
17%
My opinion
Bearish under 977.36 USDT
My targets
929.52 USDT (-2.91%)
901.14 USDT (-5.87%)
My analysis
The bearish trend is currently very strong for ETHEREUM - ETH/USDT. As long as the price remains below the resistance at 977.36 USDT, you could try to take advantage of the bearish rally. The first bearish objective is located at 929.52 USDT. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 901.14 USDT as an objective. Crossing it would then enable sellers to target 820.16 USDT. 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
7.3
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Additional analysis
Quotes
The ETHEREUM - ETH/USDT rating is 957.34 USDT. The price registered a decrease of -23.74% on the session and was traded between 925.35 USDT and 1,258.19 USDT over the period. The price is currently at +3.46% from its lowest and -23.91% from its highest.925.35
1,258.19
957.34
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
Technical analysis of this 1H chart of ETHEREUM - ETH/USDT indicates that the overall trend is strongly bearish. The signals given by moving averages are 89.29% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
The probability of a further decline is moderate given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is oversold : under 30
Type : Neutral
Timeframe : 1 hour
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 3
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Horizontal resistance is broken
Type : Bullish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
From the Japanese candlestick perspective, the Central Candlesticks scanner notes the presence of these results that could impact the short-term trend:
Bullish harami
Type : Bullish
Timeframe : 1 hour
Bearish engulfing lines
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 658.21 | 716.79 | 820.16 | 957.34 | 977.36 | 1,131.55 | 1,223.46 |
| Change (%) | -31.25% | -25.13% | -14.33% | - | +2.09% | +18.20% | +27.80% |
| Change | -299.13 | -240.55 | -137.18 | - | +20.02 | +174.21 | +266.12 |
| Level | Intermediate | Intermediate | Intermediate | - | Minor | Major | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,056.52 | 1,133.13 | 1,194.27 | 1,270.88 | 1,332.02 | 1,408.63 | 1,469.77 |
| Camarilla | 1,217.53 | 1,230.16 | 1,242.78 | 1,255.41 | 1,268.04 | 1,280.66 | 1,293.29 |
| Woodie | 1,048.79 | 1,129.26 | 1,186.54 | 1,267.01 | 1,324.29 | 1,404.76 | 1,462.04 |
| Fibonacci | 1,133.13 | 1,185.75 | 1,218.26 | 1,270.88 | 1,323.50 | 1,356.01 | 1,408.63 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 397.58 | 583.42 | 929.52 | 1,115.36 | 1,461.46 | 1,647.30 | 1,993.40 |
| Camarilla | 1,129.33 | 1,178.09 | 1,226.85 | 1,275.61 | 1,324.37 | 1,373.13 | 1,421.89 |
| Woodie | 477.70 | 623.49 | 1,009.64 | 1,155.43 | 1,541.58 | 1,687.37 | 2,073.52 |
| Fibonacci | 583.42 | 786.62 | 912.16 | 1,115.36 | 1,318.56 | 1,444.10 | 1,647.30 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 365.80 | 448.36 | 592.19 | 674.75 | 818.58 | 901.14 | 1,044.97 |
| Camarilla | 673.75 | 694.51 | 715.26 | 736.01 | 756.76 | 777.52 | 798.27 |
| Woodie | 396.43 | 463.68 | 622.82 | 690.07 | 849.21 | 916.46 | 1,075.60 |
| Fibonacci | 448.36 | 534.84 | 588.27 | 674.75 | 761.23 | 814.66 | 901.14 |
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): | 23.28 | |
| MACD (12,26,9): | -67.9200 | |
| Directional Movement: | -33.97 | |
| AROON (14): | -100.00 | |
| DEMA (21): | 1,015.03 | |
| Parabolic SAR (0,02-0,02-0,2): | 1,082.33 | |
| Elder Ray (13): | -107.50 | |
| Super Trend (3,10): | 1,104.37 | |
| Zig ZAG (10): | 933.01 | |
| VORTEX (21): | 0.7200 | |
| Stochastique (14,3,5): | 10.51 | |
| TEMA (21): | 979.23 | |
| Williams %R (14): | -86.60 | |
| Chande Momentum Oscillator (20): | -151.72 | |
| Repulse (5,40,3): | -6.6600 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.6600 | |
| Courbe Coppock: | 28.50 |
| MA7: | 1,175.68 | |
| MA20: | 891.51 | |
| MA50: | 711.57 | |
| MA100: | 562.30 | |
| MAexp7: | 1,022.16 | |
| MAexp20: | 1,098.22 | |
| MAexp50: | 1,170.81 | |
| MAexp100: | 1,179.95 | |
| Price / MA7: | -18.57% | |
| Price / MA20: | +7.38% | |
| Price / MA50: | +34.54% | |
| Price / MA100: | +70.25% | |
| Price / MAexp7: | -6.34% | |
| Price / MAexp20: | -12.83% | |
| Price / MAexp50: | -18.23% | |
| Price / MAexp100: | -18.87% |
Quotes :
2021-01-11 16:59:15
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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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