ETHEREUM - ETH/BTC - 1H - Technical analysis published on 11/28/2019 (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
50%
11%
39%
My opinion
Bearish under 0.020397 BTC
My targets
0.020266 BTC (-0.44%)
0.020133 BTC (-1.09%)
My analysis
ETHEREUM - ETH/BTC is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 0.020397 BTC. The next support located at 0.020266 BTC is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 0.020133 BTC. Below this support, sellers could then target 0.019337 BTC. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
In the very short term, technical indicators are in opposition with the general bearish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.
FORCE
0
10
4.8
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Additional analysis
Quotes
The ETHEREUM - ETH/BTC rating is 0.020355 BTC. On the day, this instrument gained +0.19% and was traded between 0.020217 BTC and 0.020488 BTC over the period. The price is currently at +0.68% from its lowest and -0.65% from its highest.0.020217
0.020488
0.020355
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
Technical analysis of this 1H chart of ETHEREUM - ETH/BTC indicates that the overall trend is strongly bearish. 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. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, only 9 technical indicators out of 18 studied are currently bullish. Central Indicators, the scanner specialised in technical indicators, has identified this signal:
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Horizontal support is broken
Type : Bearish
Timeframe : 1 hour
From the Japanese candlestick perspective, the Central Candlesticks scanner notes the presence of these results that could impact the short-term trend:
Bullish harami
Type : Bullish
Timeframe : 1 hour
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.019337 | 0.020133 | 0.020266 | 0.020355 | 0.020397 | 0.020829 | 0.021096 |
| Change (%) | -5.00% | -1.09% | -0.44% | - | +0.21% | +2.33% | +3.64% |
| Change | -0.001018 | -0.000222 | -0.000089 | - | +0.000042 | +0.000474 | +0.000741 |
| Level | Intermediate | Minor | Major | - | Minor | Major | Intermediate |
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 the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 47.50 | |
| MACD (12,26,9): | -0.0001 | |
| Directional Movement: | -0.195276 | |
| AROON (14): | -28.571426 | |
| DEMA (21): | 0.020302 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.020217 | |
| Elder Ray (13): | 0.000015 | |
| Super Trend (3,10): | 0.020652 | |
| Zig ZAG (10): | 0.020361 | |
| VORTEX (21): | 0.9402 | |
| Stochastique (14,3,5): | 38.04 | |
| TEMA (21): | 0.020280 | |
| Williams %R (14): | -49.82 | |
| Chande Momentum Oscillator (20): | 0.000075 | |
| Repulse (5,40,3): | 0.1155 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0422 | |
| Courbe Coppock: | 0.91 |
| MA7: | 0.020484 | |
| MA20: | 0.021047 | |
| MA50: | 0.020960 | |
| MA100: | 0.020162 | |
| MAexp7: | 0.020329 | |
| MAexp20: | 0.020374 | |
| MAexp50: | 0.020452 | |
| MAexp100: | 0.020556 | |
| Price / MA7: | -0.63% | |
| Price / MA20: | -3.29% | |
| Price / MA50: | -2.89% | |
| Price / MA100: | +0.96% | |
| Price / MAexp7: | +0.13% | |
| Price / MAexp20: | -0.09% | |
| Price / MAexp50: | -0.47% | |
| Price / MAexp100: | -0.98% |
This member declared not having a position on this financial instrument or a related financial instrument.
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