ETHEREUM - ETH/USD - 1H - Technical analysis published on 06/07/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
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Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
11%
67%
22%
My opinion
Bearish under 239.36 USD
My targets
230.22 USD (-2.43%)
225.70 USD (-4.35%)
My analysis
ETHEREUM - ETH/USD 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 239.36 USD. The next support located at 230.22 USD 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 225.70 USD. Below this support, sellers could then target 215.36 USD. 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, 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
7.5
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This analysis was given by insight. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
ETHEREUM - ETH/USD rating 235.96 USD. The price registered a decrease of -2.53% on the session with the lowest point at 235.00 USD and the highest point at 244.10 USD. The deviation from the price is +0.41% for the low point and -3.33% for the high point.235.00
244.10
235.96
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by ETHEREUM - ETH/USD:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of ETHEREUM - ETH/USD in 1H shows a overall strongly bearish trend. 89.29% 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 is currently detecting a bearish signal that could impact this trend:
Bearish trend reversal : Moving Average 50
Type : Bearish
Timeframe : 1 hour
In fact, 12 technical indicators on 18 studied are currently bearish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
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 this signal:
Near resistance of triangle
Type : Bearish
Timeframe : 1 hour
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 | 225.70 | 230.22 | 235.95 | 235.96 | 239.36 | 245.90 | 253.30 |
| Change (%) | -4.35% | -2.43% | +0.00% | - | +1.44% | +4.21% | +7.35% |
| Change | -10.26 | -5.74 | -0.01 | - | +3.40 | +9.94 | +17.34 |
| Level | Intermediate | Intermediate | Intermediate | - | Minor | Intermediate | 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 | 232.32 | 235.24 | 238.66 | 241.58 | 245.00 | 247.92 | 251.34 |
| Camarilla | 240.34 | 240.92 | 241.50 | 242.08 | 242.66 | 243.24 | 243.82 |
| Woodie | 232.57 | 235.37 | 238.91 | 241.71 | 245.25 | 248.05 | 251.59 |
| Fibonacci | 235.24 | 237.66 | 239.16 | 241.58 | 244.00 | 245.50 | 247.92 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 199.82 | 212.76 | 227.42 | 240.36 | 255.02 | 267.96 | 282.62 |
| Camarilla | 234.49 | 237.02 | 239.55 | 242.08 | 244.61 | 247.14 | 249.67 |
| Woodie | 200.68 | 213.19 | 228.28 | 240.79 | 255.88 | 268.39 | 283.48 |
| Fibonacci | 212.76 | 223.30 | 229.82 | 240.36 | 250.90 | 257.42 | 267.96 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 119.58 | 148.07 | 189.84 | 218.33 | 260.10 | 288.59 | 330.36 |
| Camarilla | 212.28 | 218.72 | 225.16 | 231.60 | 238.04 | 244.48 | 250.92 |
| Woodie | 126.21 | 151.39 | 196.47 | 221.65 | 266.73 | 291.91 | 336.99 |
| Fibonacci | 148.07 | 174.91 | 191.49 | 218.33 | 245.17 | 261.75 | 288.59 |
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): | 29.53 | |
| MACD (12,26,9): | -1.4500 | |
| Directional Movement: | -29.65 | |
| AROON (14): | -71.43 | |
| DEMA (21): | 237.68 | |
| Parabolic SAR (0,02-0,02-0,2): | 239.75 | |
| Elder Ray (13): | -2.38 | |
| Super Trend (3,10): | 240.79 | |
| Zig ZAG (10): | 235.95 | |
| VORTEX (21): | 0.8100 | |
| Stochastique (14,3,5): | 16.48 | |
| TEMA (21): | 236.52 | |
| Williams %R (14): | -89.88 | |
| Chande Momentum Oscillator (20): | -6.30 | |
| Repulse (5,40,3): | -0.5100 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0500 | |
| Courbe Coppock: | 4.29 |
| MA7: | 241.54 | |
| MA20: | 222.88 | |
| MA50: | 208.20 | |
| MA100: | 184.60 | |
| MAexp7: | 237.15 | |
| MAexp20: | 239.27 | |
| MAexp50: | 240.60 | |
| MAexp100: | 240.59 | |
| Price / MA7: | -2.31% | |
| Price / MA20: | +5.87% | |
| Price / MA50: | +13.33% | |
| Price / MA100: | +27.82% | |
| Price / MAexp7: | -0.50% | |
| Price / MAexp20: | -1.38% | |
| Price / MAexp50: | -1.93% | |
| Price / MAexp100: | -1.92% |
Quotes :
2020-06-07 17:32:13
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Real time data
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Cryptocompare
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