ETHEREUM - ETH/BTC - Daily - Technical analysis published on 11/28/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Bearish
Technical indicators
22%
50%
28%
My opinion
Bearish under 0.022494 BTC
My targets
0.019337 BTC (-4.99%)
0.017798 BTC (-12.55%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on ETHEREUM - ETH/BTC as long as the price remains well below 0.022494 BTC. The sellers” bearish objective is set at 0.019337 BTC. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.017798 BTC. In case of crossing, the next objective would be the support located at 0.016407 BTC.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
FORCE
0
10
4.1
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Additional analysis
Quotes
ETHEREUM - ETH/BTC rating 0.020353 BTC. The price has increased by +0.18% since the last closing and was between 0.020217 BTC and 0.020488 BTC. This implies that the price is at +0.67% from its lowest and at -0.66% from its highest.0.020217
0.020488
0.020353
Here is a more detailed summary of the historical variations registered by ETHEREUM - ETH/BTC:
Technical
Technical analysis of this Daily chart of ETHEREUM - ETH/BTC indicates that the overall trend is bearish. 64.29% of the signals given by moving averages are bearish. The overall trend is reinforced by the strong bearish signals from short-term moving averages. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:
Bearish price crossover with adaptative moving average 50
Type : Bearish
Timeframe : Daily
In fact, of the 18 technical indicators analysed by Central Analyzer, 4 are bullish, 5 are neutral and 9 are bearish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Support of channel is broken
Type : Bearish
Timeframe : Daily
For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:
Bearish engulfing lines
Type : Bearish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.016407 | 0.017798 | 0.019337 | 0.020353 | 0.022494 | 0.025182 | 0.027790 |
| Change (%) | -19.39% | -12.55% | -4.99% | - | +10.52% | +23.73% | +36.54% |
| Change | -0.003946 | -0.002555 | -0.001016 | - | +0.002141 | +0.004829 | +0.007437 |
| Level | Minor | Minor | Intermediate | - | Intermediate | Intermediate | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.019616 | 0.019940 | 0.020128 | 0.020452 | 0.020640 | 0.020964 | 0.021152 |
| Camarilla | 0.020175 | 0.020222 | 0.020269 | 0.020316 | 0.020363 | 0.020410 | 0.020457 |
| Woodie | 0.019548 | 0.019906 | 0.020060 | 0.020418 | 0.020572 | 0.020930 | 0.021084 |
| Fibonacci | 0.019940 | 0.020136 | 0.020256 | 0.020452 | 0.020648 | 0.020768 | 0.020964 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.018524 | 0.019396 | 0.020082 | 0.020954 | 0.021640 | 0.022512 | 0.023198 |
| Camarilla | 0.020339 | 0.020481 | 0.020624 | 0.020767 | 0.020910 | 0.021053 | 0.021196 |
| Woodie | 0.018430 | 0.019350 | 0.019988 | 0.020908 | 0.021546 | 0.022466 | 0.023104 |
| Fibonacci | 0.019396 | 0.019992 | 0.020359 | 0.020954 | 0.021550 | 0.021917 | 0.022512 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.014020 | 0.016445 | 0.018186 | 0.020611 | 0.022352 | 0.024777 | 0.026518 |
| Camarilla | 0.018781 | 0.019163 | 0.019545 | 0.019927 | 0.020309 | 0.020691 | 0.021073 |
| Woodie | 0.013678 | 0.016274 | 0.017844 | 0.020440 | 0.022010 | 0.024606 | 0.026176 |
| Fibonacci | 0.016445 | 0.018036 | 0.019020 | 0.020611 | 0.022202 | 0.023186 | 0.024777 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 42.42 | |
| MACD (12,26,9): | -0.0001 | |
| Directional Movement: | -6.285523 | |
| AROON (14): | -35.714283 | |
| DEMA (21): | 0.020715 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.021287 | |
| Elder Ray (13): | -0.000381 | |
| Super Trend (3,10): | 0.020211 | |
| Zig ZAG (10): | 0.020358 | |
| VORTEX (21): | 1.0064 | |
| Stochastique (14,3,5): | 17.32 | |
| TEMA (21): | 0.020577 | |
| Williams %R (14): | -87.13 | |
| Chande Momentum Oscillator (20): | -0.001132 | |
| Repulse (5,40,3): | -2.1545 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0209 | |
| Courbe Coppock: | 6.27 |
| MA7: | 0.020484 | |
| MA20: | 0.021047 | |
| MA50: | 0.020960 | |
| MA100: | 0.020162 | |
| MAexp7: | 0.020567 | |
| MAexp20: | 0.020801 | |
| MAexp50: | 0.020798 | |
| MAexp100: | 0.021116 | |
| Price / MA7: | -0.64% | |
| Price / MA20: | -3.30% | |
| Price / MA50: | -2.90% | |
| Price / MA100: | +0.95% | |
| Price / MAexp7: | -1.04% | |
| Price / MAexp20: | -2.15% | |
| Price / MAexp50: | -2.14% | |
| Price / MAexp100: | -3.61% |
This member declared not having a position on this financial instrument or a related financial instrument.
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