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ETHEREUM - ETH/USDT
ETHEREUM - ETH/USDT
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Type: Cryptocurrencies
Ticker: ETHUSDT
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ETHEREUM - ETH/USDT - 1H - Technical analysis published on 01/30/2022 (GMT)

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  • Timeframe : 1H
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ETHEREUM - ETH/USDT Chart

Summary of the analysis

Trends
Short term: Strongly bearish
Underlying: Slightly bullish
Technical indicators
17%
39%
44%
My opinion
Bearish under 2,764.32 USDT
My targets
2,487.07 USDT (-2.96%)
2,411.10 USDT (-5.92%)
My analysis
The strong short-term decline in ETHEREUM - ETH/USDT calls into question the currently slightly bullish basic trend. A trend reversal is likely. As long as the price remains below the resistance located at 2,764.32 USDT, one could consider taking advantage of the short-term movement. The first bearish objective is located at 2,487.07 USDT. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 2,411.10 USDT as an objective. Crossing it would then enable sellers to target 2,318.14 USDT. Be careful, a return to above 2,764.32 USDT could jeopardize the reversal.

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
1.4

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 Shoaib.

Additional analysis

Quotes

ETHEREUM - ETH/USDT rating 2,562.82 USDT. The price is lower by -1.46% since the last closing with the lowest point at 2,555.43 USDT and the highest point at 2,636.34 USDT. The deviation from the price is +0.29% for the low point and -2.79% for the high point.

2,555.43
2,636.34
2,562.82

The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.

Central Gaps

Bearish opening

Type : Bearish

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 ETHEREUM - ETH/USDT in 1H shows an overall slightly bullish trend. 53.57% 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 scanner does not detect any result on moving averages that would impact this trend.

In fact, only 7 technical indicators out of 18 studied are currently bearish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour


Previous candle closed over Bollinger bands

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : 1 hour


RSI indicator is back under 50

Type : Bearish

Timeframe : 1 hour


Parabolic SAR indicator bearish reversal

Type : Bearish

Timeframe : 1 hour



Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Central Patterns

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour



Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:

Central Candlesticks

Bullish doji star

Type : Bullish

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 2,161.20 2,318.14 2,411.10 2,562.82 2,764.32 3,079.86 3,270.83
Change (%) -15.67% -9.55% -5.92% - +7.86% +20.17% +27.63%
Change -401.62 -244.68 -151.72 - +201.50 +517.04 +708.01
Level Minor Intermediate Intermediate - Major Minor Minor



Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard2,422.682,471.502,536.192,585.012,649.702,698.522,763.21
Camarilla2,569.672,580.072,590.482,600.882,611.292,621.692,632.10
Woodie2,430.622,475.472,544.132,588.982,657.642,702.492,771.15
Fibonacci2,471.502,514.862,541.652,585.012,628.372,655.162,698.52


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1,737.071,949.132,275.012,487.072,812.953,025.013,350.89
Camarilla2,452.952,502.262,551.572,600.882,650.192,699.502,748.81
Woodie1,793.971,977.592,331.912,515.532,869.853,053.473,407.79
Fibonacci1,949.132,154.632,281.582,487.072,692.572,819.523,025.01


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard2,870.903,230.753,453.443,813.294,035.984,395.834,618.52
Camarilla3,515.943,569.343,622.743,676.143,729.543,782.943,836.34
Woodie2,802.333,196.463,384.873,779.003,967.414,361.544,549.95
Fibonacci3,230.753,453.283,590.763,813.294,035.824,173.304,395.83

Numerical data


The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators
Moving averages

RSI (14): 50.44
MACD (12,26,9): 9.6500
Directional Movement: 3.15
AROON (14): -14.29
DEMA (21): 2,616.75
Parabolic SAR (0,02-0,02-0,2): 2,586.17
Elder Ray (13): -8.52
Super Trend (3,10): 2,554.04
Zig ZAG (10): 2,594.93
VORTEX (21): 1.0300
Stochastique (14,3,5): 36.93
TEMA (21): 2,606.87
Williams %R (14): -86.22
Chande Momentum Oscillator (20): -25.98
Repulse (5,40,3): -0.6100
ROCnROLL: -1
TRIX (15,9): 0.0800
Courbe Coppock: 0.89
MA7: 2,503.05
MA20: 2,866.83
MA50: 3,410.86
MA100: 3,883.98
MAexp7: 2,602.96
MAexp20: 2,601.15
MAexp50: 2,569.50
MAexp100: 2,539.71
Price / MA7: +2.39%
Price / MA20: -10.60%
Price / MA50: -24.86%
Price / MA100: -34.02%
Price / MAexp7: -1.54%
Price / MAexp20: -1.47%
Price / MAexp50: -0.26%
Price / MAexp100: +0.91%

Quotes : - Real time data - Cryptocompare

This member declared not having a position on this financial instrument or a related financial instrument.

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