ETHEREUM - ETH/USDT - 1H - Technical analysis published on 12/30/2019 (GMT)
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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
Court terme:
Strongly bearish
De fond:
Slightly bullish
Technical indicators
17%
50%
33%
My opinion
Bearish under 134.72 USDT
My targets
129.56 USDT (-1.30%)
127.00 USDT (-3.25%)
My analysis
The strong short-term decline in ETHEREUM - ETH/USDT calls into question the currently slightly bullish basic trend. A trend reversal is likely. As long as the price remains below the resistance located at 134.72 USDT, one could consider taking advantage of the short-term movement. The first bearish objective is located at 129.56 USDT. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 127.00 USDT as an objective. Crossing it would then enable sellers to target 123.68 USDT. Be careful, a return to above 134.72 USDT could jeopardize the reversal.
In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
FORCE
0
10
1.4
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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
The ETHEREUM - ETH/USDT price is 131.27 USDT. The price is lower by -2.31% since the last closing with the lowest point at 130.39 USDT and the highest point at 136.23 USDT. The deviation from the price is +0.67% for the low point and -3.64% for the high point.130.39
136.23
131.27
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of this 1H chart of ETHEREUM - ETH/USDT indicates that the overall trend is slightly bullish. 57.14% of the signals given by moving averages are bullish. Caution: the strong bearish signals currently given by short-term moving averages indicate that a trend reversal may be taking place. The Central Indicators market scanner is currently detecting several bearish signals that could impact this trend:
Bearish price crossover with Moving Average 50
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 100
Type : Bearish
Timeframe : 1 hour
In fact, only 9 technical indicators out of 18 studied are currently positioned bearish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near resistance of triangle
Type : Bearish
Timeframe : 1 hour
Horizontal resistance is broken
Type : Bullish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 123.68 | 127.00 | 129.56 | 131.27 | 132.05 | 134.72 | 167.32 |
| Change (%) | -5.78% | -3.25% | -1.30% | - | +0.59% | +2.63% | +27.46% |
| Change | -7.59 | -4.27 | -1.71 | - | +0.78 | +3.45 | +36.05 |
| Level | Minor | Intermediate | Minor | - | Intermediate | Intermediate | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 118.49 | 123.09 | 128.73 | 133.33 | 138.97 | 143.57 | 149.21 |
| Camarilla | 131.56 | 132.50 | 133.44 | 134.38 | 135.32 | 136.26 | 137.20 |
| Woodie | 119.02 | 123.35 | 129.26 | 133.59 | 139.50 | 143.83 | 149.74 |
| Fibonacci | 123.09 | 127.00 | 129.42 | 133.33 | 137.24 | 139.66 | 143.57 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 110.57 | 116.68 | 122.51 | 128.62 | 134.45 | 140.56 | 146.39 |
| Camarilla | 125.07 | 126.16 | 127.26 | 128.35 | 129.44 | 130.54 | 131.63 |
| Woodie | 110.44 | 116.61 | 122.38 | 128.55 | 134.32 | 140.49 | 146.26 |
| Fibonacci | 116.68 | 121.24 | 124.06 | 128.62 | 133.18 | 136.00 | 140.56 |
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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 41.14 | |
| MACD (12,26,9): | -0.0600 | |
| Directional Movement: | -7.24 | |
| AROON (14): | -57.15 | |
| DEMA (21): | 133.09 | |
| Parabolic SAR (0,02-0,02-0,2): | 135.32 | |
| Elder Ray (13): | -1.75 | |
| Super Trend (3,10): | 134.30 | |
| Zig ZAG (10): | 131.34 | |
| VORTEX (21): | 0.8900 | |
| Stochastique (14,3,5): | 7.59 | |
| TEMA (21): | 132.04 | |
| Williams %R (14): | -84.25 | |
| Chande Momentum Oscillator (20): | -3.67 | |
| Repulse (5,40,3): | -0.5200 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0700 | |
| Courbe Coppock: | 3.53 |
| MA7: | 128.32 | |
| MA20: | 132.33 | |
| MA50: | 149.02 | |
| MA100: | 164.48 | |
| MAexp7: | 131.92 | |
| MAexp20: | 132.79 | |
| MAexp50: | 131.57 | |
| MAexp100: | 129.98 | |
| Price / MA7: | +2.30% | |
| Price / MA20: | -0.80% | |
| Price / MA50: | -11.91% | |
| Price / MA100: | -20.19% | |
| Price / MAexp7: | -0.49% | |
| Price / MAexp20: | -1.14% | |
| Price / MAexp50: | -0.23% | |
| Price / MAexp100: | +0.99% |
This member declared not having a position on this financial instrument or a related financial instrument.
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