ETHEREUM - ETH/USD - 1H - Technical analysis published on 06/15/2020 (GMT)
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- Timeframe : 1H
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Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
22%
56%
22%
My opinion
Bearish under 226.00 USD
My targets
215.51 USD (-2.68%)
201.59 USD (-8.97%)
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 226.00 USD. The sellers” bearish objective is set at 215.51 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 201.59 USD. In case of crossing, the next objective would be the support located at 186.69 USD. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
FORCE
0
10
7.1
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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
ETHEREUM - ETH/USD rating 221.44 USD. On the day, this instrument lost -4.46% and was between 218.22 USD and 232.18 USD. This implies that the price is at +1.48% from its lowest and at -4.63% from its highest.218.22
232.18
221.44
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by ETHEREUM - ETH/USD:
Technical
Technical analysis of ETHEREUM - ETH/USD in 1H shows a overall strongly 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 scanner does not detect any result on moving averages that would impact this trend.
On the 18 technical indicators analysed, 4 are bullish, 4 are neutral and 10 are bearish. 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
Pivot points : price is under support 3
Type : Neutral
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Support of channel 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 | 151.94 | 186.69 | 215.51 | 221.44 | 226.00 | 228.26 | 231.90 |
| Change (%) | -31.39% | -15.69% | -2.68% | - | +2.06% | +3.08% | +4.72% |
| Change | -69.50 | -34.75 | -5.93 | - | +4.56 | +6.82 | +10.46 |
| Level | Minor | Intermediate | Major | - | Major | Minor | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 220.28 | 225.18 | 228.47 | 233.37 | 236.66 | 241.56 | 244.85 |
| Camarilla | 229.52 | 230.27 | 231.02 | 231.77 | 232.52 | 233.27 | 234.02 |
| Woodie | 219.49 | 224.78 | 227.68 | 232.97 | 235.87 | 241.16 | 244.06 |
| Fibonacci | 225.18 | 228.31 | 230.24 | 233.37 | 236.50 | 238.43 | 241.56 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 201.59 | 213.79 | 225.87 | 238.07 | 250.15 | 262.35 | 274.43 |
| Camarilla | 231.26 | 233.49 | 235.71 | 237.94 | 240.17 | 242.39 | 244.62 |
| Woodie | 201.52 | 213.76 | 225.80 | 238.04 | 250.08 | 262.32 | 274.36 |
| Fibonacci | 213.79 | 223.07 | 228.80 | 238.07 | 247.35 | 253.08 | 262.35 |
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 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): | 32.36 | |
| MACD (12,26,9): | -3.2000 | |
| Directional Movement: | -32.81 | |
| AROON (14): | -57.14 | |
| DEMA (21): | 223.01 | |
| Parabolic SAR (0,02-0,02-0,2): | 224.07 | |
| Elder Ray (13): | -1.86 | |
| Super Trend (3,10): | 228.65 | |
| Zig ZAG (10): | 223.25 | |
| VORTEX (21): | 0.7600 | |
| Stochastique (14,3,5): | 31.03 | |
| TEMA (21): | 221.34 | |
| Williams %R (14): | -67.34 | |
| Chande Momentum Oscillator (20): | -8.25 | |
| Repulse (5,40,3): | -0.4100 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.1900 | |
| Courbe Coppock: | 8.20 |
| MA7: | 235.94 | |
| MA20: | 236.09 | |
| MA50: | 216.92 | |
| MA100: | 185.39 | |
| MAexp7: | 223.49 | |
| MAexp20: | 226.44 | |
| MAexp50: | 231.25 | |
| MAexp100: | 234.37 | |
| Price / MA7: | -6.15% | |
| Price / MA20: | -6.21% | |
| Price / MA50: | +2.08% | |
| Price / MA100: | +19.45% | |
| Price / MAexp7: | -0.92% | |
| Price / MAexp20: | -2.21% | |
| Price / MAexp50: | -4.24% | |
| Price / MAexp100: | -5.52% |
Quotes :
2020-06-15 13:22:02
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Real time data
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Cryptocompare
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