ETHEREUM - ETH/USDT - 1H - Technical analysis published on 05/27/2021 (GMT)
- 245
- 0
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
ETHEREUM - ETH/USDT Chart
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Slightly bullish
Technical indicators
11%
56%
33%
My opinion
Bearish under 2,719.25 USDT
My targets
2,663.49 USDT (-0.67%)
2,513.66 USDT (-6.26%)
My analysis
The current short-term bearish trend is expected to quickly reset the neutral or bearish trend. To avoid contradicting the short term, it would be possible to favour short positions (for sale) for ETHEREUM - ETH/USDT as long as the price remains well below 2,719.25 USDT. The next bearish objective for sellers is set at 2,663.49 USDT. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 2,513.66 USDT. In case of crossing, the next objective would be the support located at 2,104.19 USDT. As the basic trend is not clearly displayed, attention should be paid to the price response to the support located at 2,663.49 USDT. With this support, against the trend traders who want to buy ETHEREUM - ETH/USDT on a buy signal from their trading strategy should not hesitate to act.
Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.
Force
0
10
1.8
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.
This analysis was given by Addareea.
Additional analysis
Quotes
ETHEREUM - ETH/USDT rating 2,681.50 USDT. The price is lower by -7.05% since the last closing and was between 2,637.56 USDT and 2,886.63 USDT. This implies that the price is at +1.67% from its lowest and at -7.11% from its highest.2,637.56
2,886.63
2,681.50
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
Technical analysis of this 1H chart of ETHEREUM - ETH/USDT indicates that the overall trend is slightly bullish. 57.14% of the signals given by moving averages are bullish. Caution: the strong bearish signals currently being given by short-term moving averages indicate that this slightly bullish trend could be reversed. The Central Indicators market scanner is currently detecting several bearish and bullish signals that could impact this trend:
Bullish price crossover with Moving Average 50
Type : Bullish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 50
Type : Bearish
Timeframe : 1 hour
In fact, 10 technical indicators on 18 studied are currently bearish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Pivot points : price is under support 1
Type : Neutral
Timeframe : 1 hour
SuperTrend indicator bearish reversal
Type : Bearish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near resistance of triangle
Type : Bearish
Timeframe : 1 hour
Horizontal resistance is broken
Type : Bullish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 2,104.19 | 2,513.66 | 2,663.49 | 2,681.50 | 2,912.14 | 3,463.24 | 4,170.72 |
| Change (%) | -21.53% | -6.26% | -0.67% | - | +8.60% | +29.15% | +55.54% |
| Change | -577.31 | -167.84 | -18.01 | - | +230.64 | +781.74 | +1,489.22 |
| Level | Minor | Intermediate | Intermediate | - | Major | 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 | 2,456.41 | 2,551.33 | 2,718.14 | 2,813.06 | 2,979.87 | 3,074.79 | 3,241.60 |
| Camarilla | 2,812.97 | 2,836.97 | 2,860.96 | 2,884.95 | 2,908.94 | 2,932.93 | 2,956.93 |
| Woodie | 2,492.36 | 2,569.30 | 2,754.09 | 2,831.03 | 3,015.82 | 3,092.76 | 3,277.55 |
| Fibonacci | 2,551.33 | 2,651.31 | 2,713.08 | 2,813.06 | 2,913.04 | 2,974.81 | 3,074.79 |
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 | 1,371.47 | 1,661.57 | 2,217.01 | 2,507.11 | 3,062.55 | 3,352.65 | 3,908.09 |
| Camarilla | 2,539.93 | 2,617.43 | 2,694.94 | 2,772.45 | 2,849.96 | 2,927.47 | 3,004.97 |
| Woodie | 1,504.14 | 1,727.91 | 2,349.68 | 2,573.45 | 3,195.22 | 3,418.99 | 4,040.76 |
| Fibonacci | 1,661.57 | 1,984.57 | 2,184.11 | 2,507.11 | 2,830.11 | 3,029.65 | 3,352.65 |
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): | 42.03 | |
| MACD (12,26,9): | 6.7900 | |
| Directional Movement: | -14.90 | |
| AROON (14): | -21.43 | |
| DEMA (21): | 2,783.62 | |
| Parabolic SAR (0,02-0,02-0,2): | 2,882.41 | |
| Elder Ray (13): | -79.79 | |
| Super Trend (3,10): | 2,889.09 | |
| Zig ZAG (10): | 2,643.05 | |
| VORTEX (21): | 0.8500 | |
| Stochastique (14,3,5): | 9.22 | |
| TEMA (21): | 2,742.11 | |
| Williams %R (14): | -91.17 | |
| Chande Momentum Oscillator (20): | -45.23 | |
| Repulse (5,40,3): | -4.5300 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.1400 | |
| Courbe Coppock: | 1.10 |
| MA7: | 2,533.80 | |
| MA20: | 3,220.75 | |
| MA50: | 2,837.55 | |
| MA100: | 2,302.98 | |
| MAexp7: | 2,748.09 | |
| MAexp20: | 2,764.63 | |
| MAexp50: | 2,694.01 | |
| MAexp100: | 2,619.07 | |
| Price / MA7: | +5.83% | |
| Price / MA20: | -16.74% | |
| Price / MA50: | -5.50% | |
| Price / MA100: | +16.44% | |
| Price / MAexp7: | -2.42% | |
| Price / MAexp20: | -3.01% | |
| Price / MAexp50: | -0.46% | |
| Price / MAexp100: | +2.38% |
Quotes :
-
Real time data
-
Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
Add a comment
Comments
0 comments on the analysis ETHEREUM - ETH/USDT - 1H