ETHEREUM - ETH/USDT - 1H - Technical analysis published on 05/24/2023 (GMT)
- 205
- 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
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Neutral
Technical indicators
22%
61%
17%
My opinion
Bearish under 1,846.23 USDT
My targets
1,813.92 USDT (-0.72%)
1,794.47 USDT (-1.78%)
My analysis
The strong short-term decrease of ETHEREUM - ETH/USDT should quickly allow the basic trend to become bearish. As long as the price remains below the resistance located at 1,846.23 USDT, a sale could be considered. The first bearish objective is located at 1,813.92 USDT. The bearish momentum would be boosted by a support break. Sellers could then target the support located at 1,794.47 USDT. If there is any crossing, the next objective would be support 1,785.96 USDT. Caution, if there is a return to above 1,846.23 USDT, it should not be forgotten that the basic trend is not yet clear. Caution would then be required.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
3
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 cassedre. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
ETHEREUM - ETH/USDT rating 1,827.08 USDT. The price registered a decrease of -1.46% on the session and was traded between 1,812.87 USDT and 1,854.14 USDT over the period. The price is currently at +0.78% from its lowest and -1.46% from its highest.1,812.87
1,854.14
1,827.08
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
A study of price movements over other periods shows the following variations:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of ETHEREUM - ETH/USDT indicates that the overall trend is not clearly defined. The trend could quickly turn bearish due to the strong bearish signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Previous candle closed under Bollinger bands
Type : Neutral
Timeframe : 1 hour
Ichimoku : price is under the cloud
Type : Bearish
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
The presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:
Bearish doji star
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1,785.96 | 1,794.47 | 1,813.92 | 1,827.08 | 1,828.68 | 1,846.23 | 1,857.03 |
| Change (%) | -2.25% | -1.78% | -0.72% | - | +0.09% | +1.05% | +1.64% |
| Change | -41.12 | -32.61 | -13.16 | - | +1.60 | +19.15 | +29.95 |
| Level | Intermediate | Major | Minor | - | Intermediate | Minor | Intermediate |
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 |
|---|---|---|---|---|---|---|---|
| Standard | 1,768.00 | 1,791.62 | 1,822.85 | 1,846.47 | 1,877.70 | 1,901.32 | 1,932.55 |
| Camarilla | 1,839.01 | 1,844.03 | 1,849.06 | 1,854.09 | 1,859.12 | 1,864.15 | 1,869.17 |
| Woodie | 1,771.82 | 1,793.52 | 1,826.67 | 1,848.37 | 1,881.52 | 1,903.22 | 1,936.37 |
| Fibonacci | 1,791.62 | 1,812.57 | 1,825.51 | 1,846.47 | 1,867.42 | 1,880.36 | 1,901.32 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,705.23 | 1,738.79 | 1,779.12 | 1,812.68 | 1,853.01 | 1,886.57 | 1,926.90 |
| Camarilla | 1,799.14 | 1,805.91 | 1,812.69 | 1,819.46 | 1,826.23 | 1,833.01 | 1,839.78 |
| Woodie | 1,708.63 | 1,740.48 | 1,782.52 | 1,814.37 | 1,856.41 | 1,888.26 | 1,930.30 |
| Fibonacci | 1,738.79 | 1,767.01 | 1,784.45 | 1,812.68 | 1,840.90 | 1,858.34 | 1,886.57 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,381.19 | 1,585.87 | 1,727.43 | 1,932.11 | 2,073.67 | 2,278.35 | 2,419.91 |
| Camarilla | 1,773.76 | 1,805.50 | 1,837.24 | 1,868.98 | 1,900.72 | 1,932.46 | 1,964.20 |
| Woodie | 1,349.62 | 1,570.09 | 1,695.86 | 1,916.33 | 2,042.10 | 2,262.57 | 2,388.34 |
| Fibonacci | 1,585.87 | 1,718.14 | 1,799.85 | 1,932.11 | 2,064.38 | 2,146.09 | 2,278.35 |
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): | 38.62 | |
| MACD (12,26,9): | -1.3100 | |
| Directional Movement: | -24.22 | |
| AROON (14): | -85.71 | |
| DEMA (21): | 1,842.85 | |
| Parabolic SAR (0,02-0,02-0,2): | 1,854.60 | |
| Elder Ray (13): | -13.45 | |
| Super Trend (3,10): | 1,851.50 | |
| Zig ZAG (10): | 1,825.93 | |
| VORTEX (21): | 0.8600 | |
| Stochastique (14,3,5): | 26.34 | |
| TEMA (21): | 1,835.65 | |
| Williams %R (14): | -69.43 | |
| Chande Momentum Oscillator (20): | -23.20 | |
| Repulse (5,40,3): | -0.4100 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0300 | |
| Courbe Coppock: | 1.64 |
| MA7: | 1,818.81 | |
| MA20: | 1,834.32 | |
| MA50: | 1,887.01 | |
| MA100: | 1,776.92 | |
| MAexp7: | 1,835.64 | |
| MAexp20: | 1,842.07 | |
| MAexp50: | 1,835.91 | |
| MAexp100: | 1,827.86 | |
| Price / MA7: | +0.45% | |
| Price / MA20: | -0.39% | |
| Price / MA50: | -3.18% | |
| Price / MA100: | +2.82% | |
| Price / MAexp7: | -0.47% | |
| Price / MAexp20: | -0.81% | |
| Price / MAexp50: | -0.48% | |
| Price / MAexp100: | -0.04% |
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