ETHEREUM - ETH/USD - 1H - Technical analysis published on 05/11/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Court terme:
Neutral
De fond:
Bearish
Technical indicators
50%
11%
39%
My opinion
Bearish under 191.36 USD
My targets
183.86 USD (-2.23%)
173.65 USD (-7.66%)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on ETHEREUM - ETH/USD. As long as you are under the resistance located at 191.36 USD, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 183.86 USD would be a signal of a reversal in the basic trend and the short-term trend could then quickly become bearish. Sellers would then use the next support located at 173.65 USD as an objective. Crossing it would then enable sellers to target 152.17 USD. If the resistance 191.36 USD were to be broken, this would simply be a sign of possible further short-term consolidation and trading against this trend would then perhaps be more 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
2.3
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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/USD price is 188.05 USD. On the day, this instrument lost -0.10% and was between 183.77 USD and 193.68 USD. This implies that the price is at +2.33% from its lowest and at -2.91% from its highest.183.77
193.68
188.05
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of ETHEREUM - ETH/USD in 1H shows an overall bearish trend. 78.57% of the signals given by moving averages are bearish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. An assessment of moving averages reveals several bearish and bullish signals:
Bullish trend reversal : Moving Average 20
Type : Bullish
Timeframe : 1 hour
Bullish trend reversal : adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 50
Type : Bearish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 50
Type : Bullish
Timeframe : 1 hour
In fact, only 9 technical indicators out of 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Momentum indicator is back over 0
Type : Bullish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Horizontal support is broken
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 112.89 | 152.17 | 173.65 | 188.05 | 191.36 | 198.62 | 202.40 |
| Change (%) | -39.97% | -19.08% | -7.66% | - | +1.76% | +5.62% | +7.63% |
| Change | -75.16 | -35.88 | -14.40 | - | +3.31 | +10.57 | +14.35 |
| Level | Major | Intermediate | Intermediate | - | Minor | Minor | Minor |
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 | 146.26 | 163.38 | 175.81 | 192.93 | 205.36 | 222.48 | 234.91 |
| Camarilla | 180.11 | 182.82 | 185.53 | 188.24 | 190.95 | 193.66 | 196.37 |
| Woodie | 143.92 | 162.21 | 173.47 | 191.76 | 203.02 | 221.31 | 232.57 |
| Fibonacci | 163.38 | 174.67 | 181.64 | 192.93 | 204.22 | 211.19 | 222.48 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 172.71 | 183.86 | 196.97 | 208.12 | 221.23 | 232.38 | 245.49 |
| Camarilla | 203.42 | 205.64 | 207.87 | 210.09 | 212.31 | 214.54 | 216.76 |
| Woodie | 173.70 | 184.35 | 197.96 | 208.61 | 222.22 | 232.87 | 246.48 |
| Fibonacci | 183.86 | 193.12 | 198.85 | 208.12 | 217.38 | 223.11 | 232.38 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 49.51 | 89.30 | 147.85 | 187.64 | 246.19 | 285.98 | 344.53 |
| Camarilla | 179.37 | 188.38 | 197.40 | 206.41 | 215.43 | 224.44 | 233.45 |
| Woodie | 58.90 | 93.99 | 157.24 | 192.33 | 255.58 | 290.67 | 353.92 |
| Fibonacci | 89.30 | 126.86 | 150.07 | 187.64 | 225.20 | 248.41 | 285.98 |
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): | 54.58 | |
| MACD (12,26,9): | -1.1500 | |
| Directional Movement: | 3.30 | |
| AROON (14): | 21.43 | |
| DEMA (21): | 186.54 | |
| Parabolic SAR (0,02-0,02-0,2): | 180.50 | |
| Elder Ray (13): | 3.16 | |
| Super Trend (3,10): | 192.24 | |
| Zig ZAG (10): | 188.78 | |
| VORTEX (21): | 1.1300 | |
| Stochastique (14,3,5): | 59.77 | |
| TEMA (21): | 187.89 | |
| Williams %R (14): | -46.32 | |
| Chande Momentum Oscillator (20): | -1.00 | |
| Repulse (5,40,3): | -1.0100 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.1400 | |
| Courbe Coppock: | 0.42 |
| MA7: | 202.29 | |
| MA20: | 201.31 | |
| MA50: | 172.25 | |
| MA100: | 191.25 | |
| MAexp7: | 187.81 | |
| MAexp20: | 188.65 | |
| MAexp50: | 193.25 | |
| MAexp100: | 198.55 | |
| Price / MA7: | -7.04% | |
| Price / MA20: | -6.59% | |
| Price / MA50: | +9.17% | |
| Price / MA100: | -1.67% | |
| Price / MAexp7: | +0.13% | |
| Price / MAexp20: | -0.32% | |
| Price / MAexp50: | -2.69% | |
| Price / MAexp100: | -5.29% |
This member declared not having a position on this financial instrument or a related financial instrument.
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