ETHEREUM - ETH/USDT - 1H - Technical analysis published on 12/18/2019 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Court terme:
Neutral
De fond:
Bearish
Technical indicators
72%
0%
28%
My opinion
Bearish under 132.40 USDT
My targets
125.60 USDT (-1.29%)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on ETHEREUM - ETH/USDT. As long as you are under the resistance located at 132.40 USDT, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 125.60 USDT would be a signal of a reversal in the basic trend and the short-term trend could then quickly become bearish. If the resistance 132.40 USDT were to be broken, this would simply be a sign of possible further short-term consolidation and trading against this trend would then perhaps be more risky.
Technical indicators are opposing the general bearish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.
FORCE
0
10
0.2
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
ETHEREUM - ETH/USDT rating 127.24 USDT. On the day, this instrument gained +4.32% and was between 117.00 USDT and 128.86 USDT. This implies that the price is at +8.75% from its lowest and at -1.26% from its highest.117.00
128.86
127.24
Here is a more detailed summary of the historical variations registered by ETHEREUM - ETH/USDT:
New LOW record (1 year)
Type : Bearish
Timeframe : Weekly
New LOW record (1st january)
Type : Bearish
Timeframe : Weekly
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of ETHEREUM - ETH/USDT in 1H shows an overall bearish trend. 71.43% of the signals given by moving averages are bearish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:
Bullish trend reversal : adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
Bullish trend reversal : adaptative moving average 50
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with Moving Average 50
Type : Bullish
Timeframe : 1 hour
In fact, 13 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Previous candle closed over Bollinger bands
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
Price is back over the pivot point
Type : Bullish
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
R1
R2
R3
Price
| Price | R1 | R2 | R3 | |
|---|---|---|---|---|
| ProTrendLines | 127.24 | 132.40 | 139.97 | 142.17 |
| Change (%) | - | +4.06% | +10.00% | +11.73% |
| Change | - | +5.16 | +12.73 | +14.93 |
| Level | - | Minor | Major | Minor |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 104.56 | 112.46 | 117.21 | 125.11 | 129.86 | 137.76 | 142.51 |
| Camarilla | 118.49 | 119.65 | 120.81 | 121.97 | 123.13 | 124.29 | 125.45 |
| Woodie | 103.00 | 111.67 | 115.65 | 124.32 | 128.30 | 136.97 | 140.95 |
| Fibonacci | 112.46 | 117.29 | 120.27 | 125.11 | 129.94 | 132.92 | 137.76 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 125.60 | 132.72 | 137.26 | 144.38 | 148.92 | 156.04 | 160.58 |
| Camarilla | 138.58 | 139.65 | 140.72 | 141.79 | 142.86 | 143.93 | 145.00 |
| Woodie | 124.30 | 132.08 | 135.96 | 143.74 | 147.62 | 155.40 | 159.28 |
| Fibonacci | 132.72 | 137.18 | 139.93 | 144.38 | 148.84 | 151.59 | 156.04 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 61.31 | 96.40 | 123.97 | 159.06 | 186.63 | 221.72 | 249.29 |
| Camarilla | 134.30 | 140.04 | 145.79 | 151.53 | 157.27 | 163.02 | 168.76 |
| Woodie | 57.54 | 94.52 | 120.20 | 157.18 | 182.86 | 219.84 | 245.52 |
| Fibonacci | 96.40 | 120.34 | 135.13 | 159.06 | 183.00 | 197.79 | 221.72 |
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): | 56.48 | |
| MACD (12,26,9): | -0.4700 | |
| Directional Movement: | 2.34 | |
| AROON (14): | 28.57 | |
| DEMA (21): | 123.34 | |
| Parabolic SAR (0,02-0,02-0,2): | 117.67 | |
| Elder Ray (13): | 3.39 | |
| Super Trend (3,10): | 121.37 | |
| Zig ZAG (10): | 127.09 | |
| VORTEX (21): | 1.1500 | |
| Stochastique (14,3,5): | 93.13 | |
| TEMA (21): | 125.07 | |
| Williams %R (14): | -14.59 | |
| Chande Momentum Oscillator (20): | 3.90 | |
| Repulse (5,40,3): | 2.2500 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.1700 | |
| Courbe Coppock: | 2.44 |
| MA7: | 136.65 | |
| MA20: | 144.26 | |
| MA50: | 162.57 | |
| MA100: | 172.67 | |
| MAexp7: | 125.57 | |
| MAexp20: | 124.62 | |
| MAexp50: | 127.79 | |
| MAexp100: | 132.42 | |
| Price / MA7: | -6.89% | |
| Price / MA20: | -11.80% | |
| Price / MA50: | -21.73% | |
| Price / MA100: | -26.31% | |
| Price / MAexp7: | +1.33% | |
| Price / MAexp20: | +2.10% | |
| Price / MAexp50: | -0.43% | |
| Price / MAexp100: | -3.91% |
This member declared not having a position on this financial instrument or a related financial instrument.
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