ETHEREUM - ETH/USDT - 1H - Technical analysis published on 05/16/2021 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
17%
72%
11%
My opinion
Bearish under 3,427.79 USDT
My targets
3,342.14 USDT (-1.37%)
3,039.16 USDT (-10.32%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on ETHEREUM - ETH/USDT as long as the price remains well below 3,427.79 USDT. The sellers' bearish objective is set at 3,342.14 USDT. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 3,039.16 USDT. In case of crossing, the next objective would be the support located at 2,513.66 USDT. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
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
7.9
Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.
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Additional analysis
Quotes
ETHEREUM - ETH/USDT rating 3,388.73 USDT. The price registered a decrease of -7.03% on the session with the lowest point at 3,349.27 USDT and the highest point at 3,877.25 USDT. The deviation from the price is +1.18% for the low point and -12.60% for the high point.3,349.27
3,877.25
3,388.73
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
Here is a more detailed summary of the historical variations registered by ETHEREUM - ETH/USDT:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this ETHEREUM - ETH/USDT chart shows a sharp bearish trend. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators market scanner is currently detecting several bearish and bullish signals that could impact this trend:
Bullish trend reversal : Moving Average 100
Type : Bullish
Timeframe : 1 hour
Bearish price crossover with Moving Average 100
Type : Bearish
Timeframe : 1 hour
In fact, 13 technical indicators on 18 studied are currently positioned bearish. But beware of excesses. The Central Indicators scanner currently detects this:
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 over resistance 1
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near resistance of channel
Type : Bearish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1,419.03 | 1,955.15 | 2,513.66 | 3,388.73 | 3,427.79 | 3,553.10 | 3,721.81 |
| Change (%) | -58.13% | -42.30% | -25.82% | - | +1.15% | +4.85% | +9.83% |
| Change | -1,969.70 | -1,433.58 | -875.07 | - | +39.06 | +164.37 | +333.08 |
| Level | Minor | Major | Intermediate | - | Minor | Minor | 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 | 2,991.89 | 3,315.18 | 3,480.15 | 3,803.44 | 3,968.41 | 4,291.70 | 4,456.67 |
| Camarilla | 3,510.86 | 3,555.62 | 3,600.37 | 3,645.13 | 3,689.89 | 3,734.64 | 3,779.40 |
| Woodie | 2,912.74 | 3,275.60 | 3,401.00 | 3,763.86 | 3,889.26 | 4,252.12 | 4,377.52 |
| Fibonacci | 3,315.18 | 3,501.69 | 3,616.92 | 3,803.44 | 3,989.95 | 4,105.18 | 4,291.70 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2,525.21 | 3,039.16 | 3,342.14 | 3,856.09 | 4,159.07 | 4,673.02 | 4,976.00 |
| Camarilla | 3,420.47 | 3,495.36 | 3,570.25 | 3,645.13 | 3,720.02 | 3,794.90 | 3,869.79 |
| Woodie | 2,419.74 | 2,986.42 | 3,236.67 | 3,803.35 | 4,053.60 | 4,620.28 | 4,870.53 |
| Fibonacci | 3,039.16 | 3,351.22 | 3,544.02 | 3,856.09 | 4,168.15 | 4,360.95 | 4,673.02 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,293.70 | 1,599.36 | 2,185.90 | 2,491.56 | 3,078.10 | 3,383.76 | 3,970.30 |
| Camarilla | 2,527.10 | 2,608.88 | 2,690.67 | 2,772.45 | 2,854.24 | 2,936.02 | 3,017.81 |
| Woodie | 1,434.15 | 1,669.58 | 2,326.35 | 2,561.78 | 3,218.55 | 3,453.98 | 4,110.75 |
| Fibonacci | 1,599.36 | 1,940.18 | 2,150.74 | 2,491.56 | 2,832.38 | 3,042.94 | 3,383.76 |
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): | 27.50 | |
| MACD (12,26,9): | -108.7100 | |
| Directional Movement: | -25.06 | |
| AROON (14): | -85.72 | |
| DEMA (21): | 3,506.72 | |
| Parabolic SAR (0,02-0,02-0,2): | 3,658.91 | |
| Elder Ray (13): | -188.31 | |
| Super Trend (3,10): | 3,659.56 | |
| Zig ZAG (10): | 3,382.13 | |
| VORTEX (21): | 0.8400 | |
| Stochastique (14,3,5): | 8.76 | |
| TEMA (21): | 3,447.44 | |
| Williams %R (14): | -88.75 | |
| Chande Momentum Oscillator (20): | -405.49 | |
| Repulse (5,40,3): | -2.8300 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.2600 | |
| Courbe Coppock: | 16.90 |
| MA7: | 3,822.54 | |
| MA20: | 3,430.99 | |
| MA50: | 2,674.49 | |
| MA100: | 2,198.64 | |
| MAexp7: | 3,482.75 | |
| MAexp20: | 3,633.34 | |
| MAexp50: | 3,757.44 | |
| MAexp100: | 3,831.70 | |
| Price / MA7: | -11.35% | |
| Price / MA20: | -1.23% | |
| Price / MA50: | +26.71% | |
| Price / MA100: | +54.13% | |
| Price / MAexp7: | -2.70% | |
| Price / MAexp20: | -6.73% | |
| Price / MAexp50: | -9.81% | |
| Price / MAexp100: | -11.56% |
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.
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