ETHEREUM - ETH/USDT
ETHEREUM - ETH/USDT
- USDT (-)
- Real time data - CoinMarketCap
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Type: Cryptocurrencies
Ticker: ETHUSDT
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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:
Daily Weekly

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.

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



Here is a more detailed summary of the historical variations registered by ETHEREUM - ETH/USDT:
The study of the highest / lowest by the Central Records scanner shows the following results:

Central Records

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:

Central Indicators

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

The Central Indicators scanner found no further results concerning independent technical indicators.

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

Central Patterns

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


S3S2S1PriceR1R2R3
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
Standard1,381.241,444.411,478.231,541.401,575.221,638.391,672.21
Camarilla1,485.391,494.281,503.171,512.061,520.951,529.841,538.73
Woodie1,366.581,437.071,463.571,534.061,560.561,631.051,657.55
Fibonacci1,444.411,481.461,504.351,541.401,578.451,601.341,638.39


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1,024.141,141.771,345.781,463.411,667.421,785.051,989.06
Camarilla1,461.341,490.821,520.311,549.791,579.271,608.761,638.24
Woodie1,067.331,163.371,388.971,485.011,710.611,806.652,032.25
Fibonacci1,141.771,264.641,340.541,463.411,586.281,662.181,785.05


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard921.191,037.271,116.531,232.611,311.871,427.951,507.21
Camarilla1,142.061,159.971,177.871,195.781,213.691,231.591,249.50
Woodie902.771,028.071,098.111,223.411,293.451,418.751,488.79
Fibonacci1,037.271,111.891,157.991,232.611,307.231,353.331,427.95

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 : - Real time data - Cryptocompare

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

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