ETHEREUM - ETH/USDT - Daily - Technical analysis published on 05/24/2021 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
ETHEREUM - ETH/USDT Chart
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Slightly bearish
Technical indicators
28%
56%
17%
My opinion
Bearish under 2,513.66 USDT
My targets
1,955.15 USDT (-12.91%)
1,647.26 USDT (-26.62%)
My analysis
The short-term decline is currently reinforcing the basic trend, which is only slightly bearish. It would be possible for traders to only trade short positions (for sale) on ETHEREUM - ETH/USDT as long as the price remains well below 2,513.66 USDT. The next bearish objective for sellers is set at 1,955.15 USDT. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 1,647.26 USDT. In case of crossing, the next objective would be the support located at 1,410.22 USDT.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
3
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This analysis was given by Addareea.
Additional analysis
Quotes
The ETHEREUM - ETH/USDT price is 2,244.89 USDT. The price has increased by +7.11% since the last closing and was traded between 2,082.95 USDT and 2,316.24 USDT over the period. The price is currently at +7.77% from its lowest and -3.08% from its highest.2,082.95
2,316.24
2,244.89
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of ETHEREUM - ETH/USDT in Daily shows an overall slightly bearish trend. 53.57% of the signals given by moving averages are bearish. This slightly bearish trend could be reinforced by the strong bearish signals given by short-term moving averages. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:
Bearish price crossover with Moving Average 100
Type : Bearish
Timeframe : Daily
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 5 are bullish, 3 are neutral and 10 are bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Ichimoku : price is under the cloud
Type : Bearish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 475.78 | 1,410.22 | 1,955.15 | 2,244.89 | 2,513.66 | 4,170.72 |
| Change (%) | -78.81% | -37.18% | -12.91% | - | +11.97% | +85.79% |
| Change | -1,769.11 | -834.67 | -289.74 | - | +268.77 | +1,925.83 |
| Level | Intermediate | Intermediate | Major | - | Intermediate | Major |
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 | 1,116.85 | 1,426.48 | 1,761.19 | 2,070.82 | 2,405.53 | 2,715.16 | 3,049.87 |
| Camarilla | 1,918.71 | 1,977.77 | 2,036.84 | 2,095.90 | 2,154.97 | 2,214.03 | 2,273.09 |
| Woodie | 1,129.39 | 1,432.75 | 1,773.73 | 2,077.09 | 2,418.07 | 2,721.43 | 3,062.41 |
| Fibonacci | 1,426.48 | 1,672.62 | 1,824.68 | 2,070.82 | 2,316.96 | 2,469.02 | 2,715.16 |
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): | 38.33 | |
| MACD (12,26,9): | -165.8200 | |
| Directional Movement: | -20.18 | |
| AROON (14): | -78.57 | |
| DEMA (21): | 2,852.70 | |
| Parabolic SAR (0,02-0,02-0,2): | 3,364.04 | |
| Elder Ray (13): | -639.67 | |
| Super Trend (3,10): | 3,632.74 | |
| Zig ZAG (10): | 2,314.98 | |
| VORTEX (21): | 0.9100 | |
| Stochastique (14,3,5): | 16.10 | |
| TEMA (21): | 2,484.50 | |
| Williams %R (14): | -78.90 | |
| Chande Momentum Oscillator (20): | -1,539.29 | |
| Repulse (5,40,3): | 0.8800 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.3700 | |
| Courbe Coppock: | 61.51 |
| MA7: | 2,523.95 | |
| MA20: | 3,313.86 | |
| MA50: | 2,788.38 | |
| MA100: | 2,270.13 | |
| MAexp7: | 2,535.07 | |
| MAexp20: | 2,945.34 | |
| MAexp50: | 2,788.14 | |
| MAexp100: | 2,377.59 | |
| Price / MA7: | -11.06% | |
| Price / MA20: | -32.26% | |
| Price / MA50: | -19.49% | |
| Price / MA100: | -1.11% | |
| Price / MAexp7: | -11.45% | |
| Price / MAexp20: | -23.78% | |
| Price / MAexp50: | -19.48% | |
| Price / MAexp100: | -5.58% |
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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