ETHEREUM - ETH/USDT - 1H - Technical analysis published on 01/13/2020 (GMT)
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- Timeframe : 1H
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Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Slightly bullish
Technical indicators
11%
56%
33%
My opinion
Bearish under 145.08 USDT
My targets
139.21 USDT (-2.58%)
135.47 USDT (-5.19%)
My analysis
The current short-term bearish trend is expected to quickly reset the neutral or bearish trend. To avoid contradicting the short term, it would be possible to favour short positions (for sale) for ETHEREUM - ETH/USDT as long as the price remains well below 145.08 USDT. The next bearish objective for sellers is set at 139.21 USDT. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 135.47 USDT. In case of crossing, the next objective would be the support located at 132.66 USDT. As the basic trend is not clearly displayed, attention should be paid to the price response to the support located at 139.21 USDT. With this support, against the trend traders who want to buy ETHEREUM - ETH/USDT on a buy signal from their trading strategy should not hesitate to act.
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
2.1
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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 142.89 USDT. The price registered a decrease of -2.46% on the session with the lowest point at 142.42 USDT and the highest point at 146.82 USDT. The deviation from the price is +0.33% for the low point and -2.68% for the high point.142.42
146.82
142.89
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
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 slightly bullish. 53.57% of the signals given by moving averages are bullish. Caution: a reversal of the trend could be possible given the strong bearish signals of short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:
Bullish price crossover with adaptative moving average 50
Type : Bullish
Timeframe : 1 hour
In fact, 10 technical indicators on 18 studied are currently positioned bearish. Caution: the Central Indicators scanner currently detects an excess:
MACD indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Horizontal resistance is broken
Type : Bullish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
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 | 132.66 | 135.47 | 139.21 | 142.89 | 145.08 | 147.68 | 167.32 |
| Change (%) | -7.16% | -5.19% | -2.58% | - | +1.53% | +3.35% | +17.10% |
| Change | -10.23 | -7.42 | -3.68 | - | +2.19 | +4.79 | +24.43 |
| Level | Minor | Major | Intermediate | - | Minor | Intermediate | Major |
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 | 138.75 | 140.31 | 143.40 | 144.96 | 148.05 | 149.61 | 152.70 |
| Camarilla | 145.22 | 145.65 | 146.07 | 146.50 | 146.93 | 147.35 | 147.78 |
| Woodie | 139.53 | 140.69 | 144.18 | 145.34 | 148.83 | 149.99 | 153.48 |
| Fibonacci | 140.31 | 142.08 | 143.18 | 144.96 | 146.73 | 147.83 | 149.61 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 121.78 | 128.02 | 135.28 | 141.52 | 148.78 | 155.02 | 162.28 |
| Camarilla | 138.83 | 140.07 | 141.30 | 142.54 | 143.78 | 145.02 | 146.25 |
| Woodie | 122.29 | 128.28 | 135.79 | 141.78 | 149.29 | 155.28 | 162.79 |
| Fibonacci | 128.02 | 133.18 | 136.36 | 141.52 | 146.68 | 149.86 | 155.02 |
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): | 45.12 | |
| MACD (12,26,9): | -0.2900 | |
| Directional Movement: | 4.08 | |
| AROON (14): | -57.14 | |
| DEMA (21): | 143.41 | |
| Parabolic SAR (0,02-0,02-0,2): | 145.12 | |
| Elder Ray (13): | -0.17 | |
| Super Trend (3,10): | 142.37 | |
| Zig ZAG (10): | 143.39 | |
| VORTEX (21): | 0.9600 | |
| Stochastique (14,3,5): | 16.44 | |
| TEMA (21): | 143.03 | |
| Williams %R (14): | -79.09 | |
| Chande Momentum Oscillator (20): | -1.95 | |
| Repulse (5,40,3): | -0.0100 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0200 | |
| Courbe Coppock: | 2.20 |
| MA7: | 142.61 | |
| MA20: | 135.21 | |
| MA50: | 139.23 | |
| MA100: | 158.88 | |
| MAexp7: | 143.27 | |
| MAexp20: | 143.64 | |
| MAexp50: | 143.55 | |
| MAexp100: | 142.63 | |
| Price / MA7: | +0.20% | |
| Price / MA20: | +5.68% | |
| Price / MA50: | +2.63% | |
| Price / MA100: | -10.06% | |
| Price / MAexp7: | -0.27% | |
| Price / MAexp20: | -0.52% | |
| Price / MAexp50: | -0.46% | |
| Price / MAexp100: | +0.18% |
This member declared not having a position on this financial instrument or a related financial instrument.
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