ETHEREUM - ETH/USD - 1H - Technical analysis published on 05/22/2020 (GMT)
- 217
- 0
Oops, I was wrong about that analysis. My threshold for invalidation has been broken.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
50%
22%
28%
My opinion
Bearish under 203.18 USD
My targets
191.90 USD (-2.69%)
186.69 USD (-5.33%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on ETHEREUM - ETH/USD as long as the price remains well below 203.18 USD. The sellers” bearish objective is set at 191.90 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 186.69 USD. In case of crossing, the next objective would be the support located at 139.44 USD. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
FORCE
0
10
5.2
Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.
This analysis was given by insight. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The ETHEREUM - ETH/USD price is 197.21 USD. The price is lower by -0.56% since the last closing and was traded between 196.22 USD and 199.73 USD over the period. The price is currently at +0.50% from its lowest and -1.26% from its highest.196.22
199.73
197.21
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
A technical analysis in 1H of this ETHEREUM - ETH/USD chart shows a sharp bearish trend. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 9 are bullish, 5 are neutral and 4 are bearish. The Central Indicators scanner found this result concerning these indicators:
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
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 | 186.69 | 191.90 | 196.42 | 197.21 | 203.18 | 206.78 | 215.79 |
| Change (%) | -5.33% | -2.69% | -0.40% | - | +3.03% | +4.85% | +9.42% |
| Change | -10.52 | -5.31 | -0.79 | - | +5.97 | +9.57 | +18.58 |
| Level | Intermediate | Intermediate | Minor | - | Minor | Intermediate | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 170.01 | 180.91 | 189.61 | 200.51 | 209.21 | 220.11 | 228.81 |
| Camarilla | 192.93 | 194.73 | 196.52 | 198.32 | 200.12 | 201.91 | 203.71 |
| Woodie | 168.92 | 180.36 | 188.52 | 199.96 | 208.12 | 219.56 | 227.72 |
| Fibonacci | 180.91 | 188.39 | 193.02 | 200.51 | 207.99 | 212.62 | 220.11 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 148.07 | 162.32 | 181.42 | 195.67 | 214.77 | 229.02 | 248.12 |
| Camarilla | 191.35 | 194.41 | 197.46 | 200.52 | 203.58 | 206.63 | 209.69 |
| Woodie | 150.50 | 163.53 | 183.85 | 196.88 | 217.20 | 230.23 | 250.55 |
| Fibonacci | 162.32 | 175.06 | 182.93 | 195.67 | 208.41 | 216.28 | 229.02 |
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 is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 38.93 | |
| MACD (12,26,9): | -2.5200 | |
| Directional Movement: | -26.73 | |
| AROON (14): | -21.43 | |
| DEMA (21): | 196.72 | |
| Parabolic SAR (0,02-0,02-0,2): | 192.27 | |
| Elder Ray (13): | -1.46 | |
| Super Trend (3,10): | 202.23 | |
| Zig ZAG (10): | 197.79 | |
| VORTEX (21): | 0.8400 | |
| Stochastique (14,3,5): | 57.76 | |
| TEMA (21): | 196.34 | |
| Williams %R (14): | -32.31 | |
| Chande Momentum Oscillator (20): | 0.68 | |
| Repulse (5,40,3): | -0.2300 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.2000 | |
| Courbe Coppock: | 3.32 |
| MA7: | 206.11 | |
| MA20: | 203.05 | |
| MA50: | 187.12 | |
| MA100: | 189.64 | |
| MAexp7: | 198.05 | |
| MAexp20: | 200.19 | |
| MAexp50: | 204.35 | |
| MAexp100: | 206.19 | |
| Price / MA7: | -4.32% | |
| Price / MA20: | -2.88% | |
| Price / MA50: | +5.39% | |
| Price / MA100: | +3.99% | |
| Price / MAexp7: | -0.42% | |
| Price / MAexp20: | -1.49% | |
| Price / MAexp50: | -3.49% | |
| Price / MAexp100: | -4.36% |
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
Add a comment
Comments
0 comments on the analysis ETHEREUM - ETH/USD - 1H