ETHEREUM - ETH/USDT - 1H - Technical analysis published on 03/05/2021 (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
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
44%
6%
50%
My opinion
Bearish under 1,529.47 USDT
My targets
1,456.34 USDT (-0.97%)
1,384.24 USDT (-5.87%)
My analysis
ETHEREUM - ETH/USDT is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 1,529.47 USDT. The next support located at 1,456.34 USDT is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 1,384.24 USDT. Below this support, sellers could then target 1,294.14 USDT. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem 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
4.8
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This analysis was given by eatpez. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
ETHEREUM - ETH/USDT rating 1,470.61 USDT. The price registered a decrease of -4.45% on the session with the lowest point at 1,442.45 USDT and the highest point at 1,541.04 USDT. The deviation from the price is +1.95% for the low point and -4.57% for the high point.1,442.45
1,541.04
1,470.61
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
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 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : 1 hour
The probability of a further increase is slight given the direction of the technical indicators.
Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Pivot points : price is under support 1
Type : Neutral
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Support of triangle is broken
Type : Bearish
Timeframe : 1 hour
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bearish signal that could support the hypothesis of a small drop in the very short term:
Bearish engulfing lines
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1,294.14 | 1,384.24 | 1,456.34 | 1,470.61 | 1,529.47 | 1,561.02 | 1,600.95 |
| Change (%) | -12.00% | -5.87% | -0.97% | - | +4.00% | +6.15% | +8.86% |
| Change | -176.47 | -86.37 | -14.27 | - | +58.86 | +90.41 | +130.34 |
| Level | Minor | Major | Intermediate | - | Minor | Minor | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,371.89 | 1,439.21 | 1,489.18 | 1,556.50 | 1,606.47 | 1,673.79 | 1,723.76 |
| Camarilla | 1,506.90 | 1,517.65 | 1,528.40 | 1,539.15 | 1,549.90 | 1,560.65 | 1,571.41 |
| Woodie | 1,363.22 | 1,434.87 | 1,480.51 | 1,552.16 | 1,597.80 | 1,669.45 | 1,715.09 |
| Fibonacci | 1,439.21 | 1,484.02 | 1,511.70 | 1,556.50 | 1,601.31 | 1,628.99 | 1,673.79 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 633.54 | 1,010.32 | 1,221.22 | 1,598.00 | 1,808.90 | 2,185.68 | 2,396.58 |
| Camarilla | 1,270.50 | 1,324.37 | 1,378.24 | 1,432.11 | 1,485.98 | 1,539.85 | 1,593.72 |
| Woodie | 550.59 | 968.85 | 1,138.27 | 1,556.53 | 1,725.95 | 2,144.21 | 2,313.63 |
| Fibonacci | 1,010.32 | 1,234.82 | 1,373.51 | 1,598.00 | 1,822.50 | 1,961.19 | 2,185.68 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 346.56 | 809.02 | 1,114.03 | 1,576.49 | 1,881.50 | 2,343.96 | 2,648.97 |
| Camarilla | 1,207.98 | 1,278.33 | 1,348.68 | 1,419.03 | 1,489.38 | 1,559.73 | 1,630.08 |
| Woodie | 267.83 | 769.66 | 1,035.30 | 1,537.13 | 1,802.77 | 2,304.60 | 2,570.24 |
| Fibonacci | 809.02 | 1,102.20 | 1,283.32 | 1,576.49 | 1,869.67 | 2,050.79 | 2,343.96 |
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): | 45.81 | |
| MACD (12,26,9): | -14.8800 | |
| Directional Movement: | -10.29 | |
| AROON (14): | 42.86 | |
| DEMA (21): | 1,471.04 | |
| Parabolic SAR (0,02-0,02-0,2): | 1,449.53 | |
| Elder Ray (13): | 8.87 | |
| Super Trend (3,10): | 1,536.06 | |
| Zig ZAG (10): | 1,482.45 | |
| VORTEX (21): | 0.9300 | |
| Stochastique (14,3,5): | 56.08 | |
| TEMA (21): | 1,466.94 | |
| Williams %R (14): | -60.17 | |
| Chande Momentum Oscillator (20): | 4.21 | |
| Repulse (5,40,3): | 0.9800 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.2000 | |
| Courbe Coppock: | 2.12 |
| MA7: | 1,503.26 | |
| MA20: | 1,667.28 | |
| MA50: | 1,542.66 | |
| MA100: | 1,144.99 | |
| MAexp7: | 1,488.44 | |
| MAexp20: | 1,493.38 | |
| MAexp50: | 1,518.01 | |
| MAexp100: | 1,524.80 | |
| Price / MA7: | -2.17% | |
| Price / MA20: | -11.80% | |
| Price / MA50: | -4.67% | |
| Price / MA100: | +28.44% | |
| Price / MAexp7: | -1.20% | |
| Price / MAexp20: | -1.52% | |
| Price / MAexp50: | -3.12% | |
| Price / MAexp100: | -3.55% |
Quotes :
2021-03-05 16:04:40
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Real time data
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Cryptocompare
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