ETHEREUM - ETH/USDT - 1H - Technical analysis published on 01/02/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
22%
61%
17%
My opinion
Bearish under 127.88 USDT
My targets
125.97 USDT (-0.78%)
124.31 USDT (-2.09%)
My analysis
The bearish trend is currently very strong for ETHEREUM - ETH/USDT. As long as the price remains below the resistance at 127.88 USDT, you could try to take advantage of the bearish rally. The first bearish objective is located at 125.97 USDT. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 124.31 USDT as an objective. Crossing it would then enable sellers to target 122.57 USDT. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
FORCE
0
10
7.3
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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 rating is 126.96 USDT. The price registered a decrease of -2.87% on the session and was between 126.84 USDT and 130.77 USDT. This implies that the price is at +0.09% from its lowest and at -2.91% from its highest.126.84
130.77
126.96
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of ETHEREUM - ETH/USDT in 1H shows a overall strongly bearish trend. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, of the 18 technical indicators analysed by Central Analyzer, 4 are bullish, 3 are neutral and 11 are bearish. Other results related to technical indicators were also found by the Central Indicators scanner:
Pivot points : price is under support 1
Type : Neutral
Timeframe : 1 hour
Momentum indicator is back over 0
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
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 | 122.57 | 124.31 | 125.97 | 126.96 | 127.88 | 129.86 | 132.96 |
| Change (%) | -3.46% | -2.09% | -0.78% | - | +0.72% | +2.28% | +4.73% |
| Change | -4.39 | -2.65 | -0.99 | - | +0.92 | +2.90 | +6.00 |
| Level | Intermediate | Intermediate | Minor | - | Intermediate | Minor | Intermediate |
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 | 124.48 | 126.62 | 128.67 | 130.81 | 132.86 | 135.00 | 137.05 |
| Camarilla | 129.56 | 129.94 | 130.33 | 130.71 | 131.09 | 131.48 | 131.86 |
| Woodie | 124.43 | 126.60 | 128.62 | 130.79 | 132.81 | 134.98 | 137.00 |
| Fibonacci | 126.62 | 128.22 | 129.21 | 130.81 | 132.41 | 133.40 | 135.00 |
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 | 78.25 | 97.62 | 113.41 | 132.78 | 148.57 | 167.94 | 183.73 |
| Camarilla | 119.52 | 122.74 | 125.97 | 129.19 | 132.41 | 135.64 | 138.86 |
| Woodie | 76.45 | 96.73 | 111.61 | 131.89 | 146.77 | 167.05 | 181.93 |
| Fibonacci | 97.62 | 111.05 | 119.35 | 132.78 | 146.21 | 154.51 | 167.94 |
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): | 40.92 | |
| MACD (12,26,9): | -0.3700 | |
| Directional Movement: | -12.97 | |
| AROON (14): | -14.29 | |
| DEMA (21): | 129.46 | |
| Parabolic SAR (0,02-0,02-0,2): | 128.84 | |
| Elder Ray (13): | -0.30 | |
| Super Trend (3,10): | 131.41 | |
| Zig ZAG (10): | 129.20 | |
| VORTEX (21): | 0.8400 | |
| Stochastique (14,3,5): | 34.94 | |
| TEMA (21): | 129.05 | |
| Williams %R (14): | -98.99 | |
| Chande Momentum Oscillator (20): | -1.45 | |
| Repulse (5,40,3): | -1.5700 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0400 | |
| Courbe Coppock: | 1.67 |
| MA7: | 129.75 | |
| MA20: | 130.16 | |
| MA50: | 145.61 | |
| MA100: | 162.60 | |
| MAexp7: | 129.17 | |
| MAexp20: | 129.93 | |
| MAexp50: | 130.39 | |
| MAexp100: | 130.42 | |
| Price / MA7: | -2.15% | |
| Price / MA20: | -2.46% | |
| Price / MA50: | -12.81% | |
| Price / MA100: | -21.92% | |
| Price / MAexp7: | -1.71% | |
| Price / MAexp20: | -2.29% | |
| Price / MAexp50: | -2.63% | |
| Price / MAexp100: | -2.65% |
This member declared not having a position on this financial instrument or a related financial instrument.
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