ETHEREUM - ETH/USDT - 1H - Technical analysis published on 03/14/2024 (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:
Strongly bearish
Technical indicators
11%
67%
22%
My opinion
Bearish under 3,950.48 USDT
My targets
3,837.60 USDT (-1.54%)
3,751.70 USDT (-3.74%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on ETHEREUM - ETH/USDT as long as the price remains well below 3,950.48 USDT. The sellers' bearish objective is set at 3,837.60 USDT. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 3,751.70 USDT. In case of crossing, the next objective would be the support located at 3,521.93 USDT. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.
Force
0
10
7.1
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This analysis was given by Medhanie. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The ETHEREUM - ETH/USDT price is 3,897.50 USDT. The price is lower by -2.68% since the last closing and was between 3,850.03 USDT and 4,011.00 USDT. This implies that the price is at +1.23% from its lowest and at -2.83% from its highest.3,850.03
4,011.00
3,897.50
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
Here is a more detailed summary of the historical variations registered by ETHEREUM - ETH/USDT:
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
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. 85.71% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, according to the parameters integrated into the Central Analyzer system, 12 technical indicators out of 18 analysed are currently bearish. 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
Pivot points : price is under support 1
Type : Neutral
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 3,521.93 | 3,751.70 | 3,837.60 | 3,897.50 | 3,950.48 | 4,065.72 | 4,808.26 |
| Change (%) | -9.64% | -3.74% | -1.54% | - | +1.36% | +4.32% | +23.37% |
| Change | -375.57 | -145.80 | -59.90 | - | +52.98 | +168.22 | +910.76 |
| Level | Minor | Minor | Minor | - | Intermediate | 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 | 3,781.73 | 3,857.30 | 3,931.13 | 4,006.70 | 4,080.53 | 4,156.10 | 4,229.93 |
| Camarilla | 3,963.89 | 3,977.58 | 3,991.28 | 4,004.97 | 4,018.67 | 4,032.36 | 4,046.06 |
| Woodie | 3,780.87 | 3,856.87 | 3,930.27 | 4,006.27 | 4,079.67 | 4,155.67 | 4,229.07 |
| Fibonacci | 3,857.30 | 3,914.37 | 3,949.63 | 4,006.70 | 4,063.77 | 4,099.03 | 4,156.10 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2,767.20 | 3,030.22 | 3,467.74 | 3,730.76 | 4,168.28 | 4,431.30 | 4,868.82 |
| Camarilla | 3,712.61 | 3,776.83 | 3,841.04 | 3,905.26 | 3,969.48 | 4,033.69 | 4,097.91 |
| Woodie | 2,854.45 | 3,073.85 | 3,554.99 | 3,774.39 | 4,255.53 | 4,474.93 | 4,956.07 |
| Fibonacci | 3,030.22 | 3,297.83 | 3,463.15 | 3,730.76 | 3,998.37 | 4,163.69 | 4,431.30 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,297.31 | 1,769.90 | 2,555.10 | 3,027.69 | 3,812.89 | 4,285.48 | 5,070.68 |
| Camarilla | 2,994.41 | 3,109.71 | 3,225.00 | 3,340.30 | 3,455.60 | 3,570.90 | 3,686.19 |
| Woodie | 1,453.62 | 1,848.05 | 2,711.41 | 3,105.84 | 3,969.20 | 4,363.63 | 5,226.99 |
| Fibonacci | 1,769.90 | 2,250.38 | 2,547.21 | 3,027.69 | 3,508.17 | 3,805.00 | 4,285.48 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 35.44 | |
| MACD (12,26,9): | -24.1200 | |
| Directional Movement: | -20.55 | |
| AROON (14): | -64.28 | |
| DEMA (21): | 3,927.11 | |
| Parabolic SAR (0,02-0,02-0,2): | 4,002.24 | |
| Elder Ray (13): | -47.65 | |
| Super Trend (3,10): | 4,013.32 | |
| Zig ZAG (10): | 3,897.50 | |
| VORTEX (21): | 0.8800 | |
| Stochastique (14,3,5): | 24.02 | |
| TEMA (21): | 3,909.73 | |
| Williams %R (14): | -69.48 | |
| Chande Momentum Oscillator (20): | -95.96 | |
| Repulse (5,40,3): | -0.8200 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0500 | |
| Courbe Coppock: | 3.02 |
| MA7: | 3,944.96 | |
| MA20: | 3,603.64 | |
| MA50: | 2,968.55 | |
| MA100: | 2,652.29 | |
| MAexp7: | 3,920.98 | |
| MAexp20: | 3,954.67 | |
| MAexp50: | 3,975.92 | |
| MAexp100: | 3,964.41 | |
| Price / MA7: | -1.20% | |
| Price / MA20: | +8.15% | |
| Price / MA50: | +31.29% | |
| Price / MA100: | +46.95% | |
| Price / MAexp7: | -0.60% | |
| Price / MAexp20: | -1.45% | |
| Price / MAexp50: | -1.97% | |
| Price / MAexp100: | -1.69% |
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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