ETHEREUM - ETH/USDT - 1H - Technical analysis published on 12/11/2023 (GMT)
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- 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 2,411.10 USDT
My targets
2,311.19 USDT (-1.02%)
2,221.34 USDT (-4.86%)
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 2,411.10 USDT, a sale could be considered. The first bearish objective is located at 2,311.19 USDT. The bearish momentum would be boosted by a support break. Sellers could then target the support located at 2,221.34 USDT. If there is any crossing, the next objective would be support 2,150.64 USDT. Caution, if there is a return to above 2,411.10 USDT, it should not be forgotten that the basic trend is not yet clear. Caution would then be required.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
3
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This analysis was given by Vestige. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
ETHEREUM - ETH/USDT rating 2,334.89 USDT. On the day, this instrument lost -0.74% and was between 2,327.26 USDT and 2,354.96 USDT. This implies that the price is at +0.33% from its lowest and at -0.85% from its highest.2,327.26
2,354.96
2,334.89
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1 year)
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 not clearly defined. The strong bearish signals currently being given by short-term moving averages could allow the overall trend to return to a bearish trend. The Central Indicators scanner detects bearish signals on moving averages that could impact this trend:
Bearish trend reversal : Moving Average 20
Type : Bearish
Timeframe : 1 hour
Bearish trend reversal : adaptative moving average 50
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with Moving Average 100
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 100
Type : Bearish
Timeframe : 1 hour
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
MACD crosses DOWN its Moving Average
Type : Bearish
Timeframe : 1 hour
MACD indicator is back under 0
Type : Bearish
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 2,150.64 | 2,221.34 | 2,311.19 | 2,334.89 | 2,411.10 | 3,521.93 | 4,170.72 |
| Change (%) | -7.89% | -4.86% | -1.02% | - | +3.26% | +50.84% | +78.63% |
| Change | -184.25 | -113.55 | -23.70 | - | +76.21 | +1,187.04 | +1,835.83 |
| Level | Minor | Intermediate | Intermediate | - | Intermediate | 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 |
|---|---|---|---|---|---|---|---|
| Standard | 2,269.22 | 2,295.82 | 2,324.04 | 2,350.64 | 2,378.86 | 2,405.46 | 2,433.68 |
| Camarilla | 2,337.19 | 2,342.21 | 2,347.24 | 2,352.26 | 2,357.29 | 2,362.31 | 2,367.34 |
| Woodie | 2,270.03 | 2,296.23 | 2,324.85 | 2,351.05 | 2,379.67 | 2,405.87 | 2,434.49 |
| Fibonacci | 2,295.82 | 2,316.76 | 2,329.70 | 2,350.64 | 2,371.58 | 2,384.52 | 2,405.46 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,940.68 | 2,045.27 | 2,192.94 | 2,297.53 | 2,445.20 | 2,549.79 | 2,697.46 |
| Camarilla | 2,271.24 | 2,294.36 | 2,317.49 | 2,340.61 | 2,363.73 | 2,386.86 | 2,409.98 |
| Woodie | 1,962.22 | 2,056.04 | 2,214.48 | 2,308.30 | 2,466.74 | 2,560.56 | 2,719.00 |
| Fibonacci | 2,045.27 | 2,141.63 | 2,201.17 | 2,297.53 | 2,393.89 | 2,453.43 | 2,549.79 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,482.22 | 1,629.86 | 1,840.88 | 1,988.52 | 2,199.54 | 2,347.18 | 2,558.20 |
| Camarilla | 1,953.26 | 1,986.14 | 2,019.01 | 2,051.89 | 2,084.77 | 2,117.64 | 2,150.52 |
| Woodie | 1,513.90 | 1,645.71 | 1,872.56 | 2,004.37 | 2,231.22 | 2,363.03 | 2,589.88 |
| Fibonacci | 1,629.86 | 1,766.87 | 1,851.52 | 1,988.52 | 2,125.53 | 2,210.18 | 2,347.18 |
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): | 41.47 | |
| MACD (12,26,9): | -0.6000 | |
| Directional Movement: | -8.32 | |
| AROON (14): | -28.57 | |
| DEMA (21): | 2,349.69 | |
| Parabolic SAR (0,02-0,02-0,2): | 2,376.56 | |
| Elder Ray (13): | -14.75 | |
| Super Trend (3,10): | 2,329.49 | |
| Zig ZAG (10): | 2,333.23 | |
| VORTEX (21): | 0.9200 | |
| Stochastique (14,3,5): | 29.21 | |
| TEMA (21): | 2,349.54 | |
| Williams %R (14): | -87.58 | |
| Chande Momentum Oscillator (20): | -11.48 | |
| Repulse (5,40,3): | -0.9300 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 0.81 |
| MA7: | 2,324.10 | |
| MA20: | 2,173.10 | |
| MA50: | 2,014.38 | |
| MA100: | 1,814.20 | |
| MAexp7: | 2,349.04 | |
| MAexp20: | 2,350.38 | |
| MAexp50: | 2,348.43 | |
| MAexp100: | 2,328.64 | |
| Price / MA7: | +0.46% | |
| Price / MA20: | +7.45% | |
| Price / MA50: | +15.91% | |
| Price / MA100: | +28.70% | |
| Price / MAexp7: | -0.60% | |
| Price / MAexp20: | -0.66% | |
| Price / MAexp50: | -0.58% | |
| Price / MAexp100: | +0.27% |
Quotes :
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Real time data
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Cryptocompare
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