ETHEREUM - ETH/USDT - 1H - Technical analysis published on 05/23/2021 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
ETHEREUM - ETH/USDT Chart
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
22%
50%
28%
My opinion
Bearish under 2,160.45 USDT
My targets
1,561.24 USDT (-20.30%)
1,410.22 USDT (-28.01%)
My analysis
The bearish trend is currently very strong for ETHEREUM - ETH/USDT. As long as the price remains below the resistance at 2,160.45 USDT, you could try to take advantage of the bearish rally. The first bearish objective is located at 1,561.24 USDT. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 1,410.22 USDT as an objective. Crossing it would then enable sellers to target 475.78 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.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
7
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This analysis was given by Addareea.
Additional analysis
Quotes
The ETHEREUM - ETH/USDT rating is 1,958.86 USDT. The price registered a decrease of -14.61% on the session and was traded between 1,878.37 USDT and 2,380.45 USDT over the period. The price is currently at +4.29% from its lowest and -17.71% from its highest.1,878.37
2,380.45
1,958.86
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
Here is a more detailed summary of the historical variations registered by ETHEREUM - ETH/USDT:
Technical
A technical analysis in 1H of this ETHEREUM - ETH/USDT chart shows a sharp bearish trend. 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 currently does not detect any result that concerns moving averages.
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Previous candle closed under Bollinger bands
Type : Neutral
Timeframe : 1 hour
MACD indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
RSI indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
Pivot points : price is under support 3
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near support of channel
Type : Bullish
Timeframe : 1 hour
For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:
Bullish harami
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 475.78 | 1,410.22 | 1,955.15 | 1,958.86 | 2,160.45 | 2,513.66 | 3,131.53 |
| Change (%) | -75.71% | -28.01% | -0.19% | - | +10.29% | +28.32% | +59.86% |
| Change | -1,483.08 | -548.64 | -3.71 | - | +201.59 | +554.80 | +1,172.67 |
| Level | Intermediate | Intermediate | Major | - | Minor | Intermediate | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2,107.96 | 2,180.28 | 2,237.19 | 2,309.51 | 2,366.42 | 2,438.74 | 2,495.65 |
| Camarilla | 2,258.55 | 2,270.40 | 2,282.24 | 2,294.09 | 2,305.94 | 2,317.78 | 2,329.63 |
| Woodie | 2,100.25 | 2,176.43 | 2,229.48 | 2,305.66 | 2,358.71 | 2,434.89 | 2,487.94 |
| Fibonacci | 2,180.28 | 2,229.65 | 2,260.15 | 2,309.51 | 2,358.88 | 2,389.38 | 2,438.74 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -329.61 | 828.40 | 1,561.24 | 2,719.25 | 3,452.09 | 4,610.10 | 5,342.94 |
| Camarilla | 1,774.11 | 1,947.43 | 2,120.76 | 2,294.09 | 2,467.42 | 2,640.75 | 2,814.07 |
| Woodie | -542.19 | 722.11 | 1,348.67 | 2,612.96 | 3,239.52 | 4,503.81 | 5,130.37 |
| Fibonacci | 828.40 | 1,550.70 | 1,996.94 | 2,719.25 | 3,441.55 | 3,887.79 | 4,610.10 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,353.59 | 1,647.26 | 2,209.86 | 2,503.53 | 3,066.13 | 3,359.80 | 3,922.40 |
| Camarilla | 2,536.98 | 2,615.47 | 2,693.96 | 2,772.45 | 2,850.94 | 2,929.43 | 3,007.92 |
| Woodie | 1,488.05 | 1,714.49 | 2,344.32 | 2,570.76 | 3,200.59 | 3,427.03 | 4,056.86 |
| Fibonacci | 1,647.26 | 1,974.36 | 2,176.44 | 2,503.53 | 2,830.63 | 3,032.71 | 3,359.80 |
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): | 41.87 | |
| MACD (12,26,9): | -118.0900 | |
| Directional Movement: | -14.47 | |
| AROON (14): | -85.72 | |
| DEMA (21): | 2,036.44 | |
| Parabolic SAR (0,02-0,02-0,2): | 2,691.05 | |
| Elder Ray (13): | -156.29 | |
| Super Trend (3,10): | 2,362.84 | |
| Zig ZAG (10): | 1,983.17 | |
| VORTEX (21): | 0.7900 | |
| Stochastique (14,3,5): | 14.94 | |
| TEMA (21): | 1,972.06 | |
| Williams %R (14): | -79.04 | |
| Chande Momentum Oscillator (20): | -309.54 | |
| Repulse (5,40,3): | -0.9400 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.5900 | |
| Courbe Coppock: | 27.06 |
| MA7: | 2,643.95 | |
| MA20: | 3,356.07 | |
| MA50: | 2,782.32 | |
| MA100: | 2,264.59 | |
| MAexp7: | 2,021.50 | |
| MAexp20: | 2,180.19 | |
| MAexp50: | 2,342.29 | |
| MAexp100: | 2,547.31 | |
| Price / MA7: | -25.91% | |
| Price / MA20: | -41.63% | |
| Price / MA50: | -29.60% | |
| Price / MA100: | -13.50% | |
| Price / MAexp7: | -3.10% | |
| Price / MAexp20: | -10.15% | |
| Price / MAexp50: | -16.37% | |
| Price / MAexp100: | -23.10% |
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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