ETHEREUM - ETH/USDT - 1H - Technical analysis published on 01/19/2023 (GMT)
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I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Strongly bearish
Technical indicators
56%
11%
33%
My opinion
Bearish under 1,581.74 USDT
My targets
1,518.67 USDT (-0.60%)
1,426.83 USDT (-6.61%)
My analysis
The bearish basic trend is very strong on ETHEREUM - ETH/USDT but the short term shows some signs of running out of steam. However, a sale could be considered as long as the price remains below 1,581.74 USDT. Crossing the first support at 1,518.67 USDT would be a sign of a further potential price plummet. Sellers would then use the next support located at 1,426.83 USDT as an objective. Crossing it would then enable sellers to target 1,402.24 USDT. Caution, a return to above the resistance located at 1,581.74 USDT would be a sign of a possible consolidation phase of the short-term basic trend. 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.
In the very short term, the general bearish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bearish direction is still favored, however the current short term correction should be carefully watched.
Force
0
10
3.2
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This analysis was given by solomongrundy. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The ETHEREUM - ETH/USDT price is 1,527.86 USDT. The price has increased by +1.05% since the last closing and was traded between 1,509.94 USDT and 1,537.89 USDT over the period. The price is currently at +1.19% from its lowest and -0.65% from its highest.1,509.94
1,537.89
1,527.86
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
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
Technical analysis of this 1H chart of ETHEREUM - ETH/USDT indicates that the overall trend is strongly bearish. 82.14% of the signals given by moving averages are bearish. The slightly bearish signals from short-term moving averages show that the overall trend is slowing down. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
An assessment of technical indicators shows a moderate bullish signal.
But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
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 | 1,402.24 | 1,426.83 | 1,518.67 | 1,527.86 | 1,581.74 | 1,603.04 | 1,644.96 |
| Change (%) | -8.22% | -6.61% | -0.60% | - | +3.53% | +4.92% | +7.66% |
| Change | -125.62 | -101.03 | -9.19 | - | +53.88 | +75.18 | +117.10 |
| Level | Intermediate | Intermediate | Intermediate | - | 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 | 1,381.24 | 1,444.41 | 1,478.23 | 1,541.40 | 1,575.22 | 1,638.39 | 1,672.21 |
| Camarilla | 1,485.39 | 1,494.28 | 1,503.17 | 1,512.06 | 1,520.95 | 1,529.84 | 1,538.73 |
| Woodie | 1,366.58 | 1,437.07 | 1,463.57 | 1,534.06 | 1,560.56 | 1,631.05 | 1,657.55 |
| Fibonacci | 1,444.41 | 1,481.46 | 1,504.35 | 1,541.40 | 1,578.45 | 1,601.34 | 1,638.39 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,024.14 | 1,141.77 | 1,345.78 | 1,463.41 | 1,667.42 | 1,785.05 | 1,989.06 |
| Camarilla | 1,461.34 | 1,490.82 | 1,520.31 | 1,549.79 | 1,579.27 | 1,608.76 | 1,638.24 |
| Woodie | 1,067.33 | 1,163.37 | 1,388.97 | 1,485.01 | 1,710.61 | 1,806.65 | 2,032.25 |
| Fibonacci | 1,141.77 | 1,264.64 | 1,340.54 | 1,463.41 | 1,586.28 | 1,662.18 | 1,785.05 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 921.19 | 1,037.27 | 1,116.53 | 1,232.61 | 1,311.87 | 1,427.95 | 1,507.21 |
| Camarilla | 1,142.06 | 1,159.97 | 1,177.87 | 1,195.78 | 1,213.69 | 1,231.59 | 1,249.50 |
| Woodie | 902.77 | 1,028.07 | 1,098.11 | 1,223.41 | 1,293.45 | 1,418.75 | 1,488.79 |
| Fibonacci | 1,037.27 | 1,111.89 | 1,157.99 | 1,232.61 | 1,307.23 | 1,353.33 | 1,427.95 |
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): | 44.32 | |
| MACD (12,26,9): | -7.5400 | |
| Directional Movement: | -8.01 | |
| AROON (14): | 50.00 | |
| DEMA (21): | 1,518.77 | |
| Parabolic SAR (0,02-0,02-0,2): | 1,545.85 | |
| Elder Ray (13): | -1.32 | |
| Super Trend (3,10): | 1,547.28 | |
| Zig ZAG (10): | 1,527.09 | |
| VORTEX (21): | 0.9200 | |
| Stochastique (14,3,5): | 61.58 | |
| TEMA (21): | 1,519.21 | |
| Williams %R (14): | -17.36 | |
| Chande Momentum Oscillator (20): | 4.30 | |
| Repulse (5,40,3): | 0.9200 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0900 | |
| Courbe Coppock: | 0.54 |
| MA7: | 1,534.42 | |
| MA20: | 1,367.50 | |
| MA50: | 1,289.74 | |
| MA100: | 1,313.04 | |
| MAexp7: | 1,526.46 | |
| MAexp20: | 1,529.93 | |
| MAexp50: | 1,543.01 | |
| MAexp100: | 1,539.00 | |
| Price / MA7: | -0.43% | |
| Price / MA20: | +11.73% | |
| Price / MA50: | +18.46% | |
| Price / MA100: | +16.36% | |
| Price / MAexp7: | +0.09% | |
| Price / MAexp20: | -0.14% | |
| Price / MAexp50: | -0.98% | |
| Price / MAexp100: | -0.72% |
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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