ETHEREUM - ETH/USD - 1H - Technical analysis published on 07/04/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
39%
6%
56%
My opinion
Bearish under 228.28 USD
My targets
223.16 USD (-1.29%)
221.23 USD (-2.14%)
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 228.28 USD. The sellers” bearish objective is set at 223.16 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 221.23 USD. In case of crossing, the next objective would be the support located at 217.83 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 opposing the general bearish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.
Force
0
10
5
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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 226.07 USD. On the day, this instrument gained +0.42% and was traded between 224.62 USD and 226.82 USD over the period. The price is currently at +0.65% from its lowest and -0.33% from its highest.224.62
226.82
226.07
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
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of ETHEREUM - ETH/USD indicates that the overall trend is strongly bearish. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 100
Type : Bullish
Timeframe : 1 hour
An assessment of technical indicators shows a slightly bullish signal.
Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Momentum indicator is back over 0
Type : Bullish
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 221.23 | 223.16 | 225.84 | 226.07 | 228.28 | 230.88 | 233.00 |
| Change (%) | -2.14% | -1.29% | -0.10% | - | +0.98% | +2.13% | +3.07% |
| Change | -4.84 | -2.91 | -0.23 | - | +2.21 | +4.81 | +6.93 |
| Level | Minor | Intermediate | Minor | - | Major | Minor | Intermediate |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 219.74 | 222.09 | 223.61 | 225.96 | 227.48 | 229.83 | 231.35 |
| Camarilla | 224.06 | 224.41 | 224.77 | 225.12 | 225.48 | 225.83 | 226.18 |
| Woodie | 219.32 | 221.88 | 223.19 | 225.75 | 227.06 | 229.62 | 230.93 |
| Fibonacci | 222.09 | 223.57 | 224.49 | 225.96 | 227.44 | 228.36 | 229.83 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 174.74 | 195.37 | 208.00 | 228.63 | 241.26 | 261.89 | 274.52 |
| Camarilla | 211.48 | 214.53 | 217.58 | 220.63 | 223.68 | 226.73 | 229.78 |
| Woodie | 170.74 | 193.37 | 204.00 | 226.63 | 237.26 | 259.89 | 270.52 |
| Fibonacci | 195.37 | 208.08 | 215.93 | 228.63 | 241.34 | 249.19 | 261.89 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 172.75 | 194.38 | 210.05 | 231.68 | 247.35 | 268.98 | 284.65 |
| Camarilla | 215.47 | 218.89 | 222.31 | 225.73 | 229.15 | 232.57 | 235.99 |
| Woodie | 169.78 | 192.89 | 207.08 | 230.19 | 244.38 | 267.49 | 281.68 |
| Fibonacci | 194.38 | 208.63 | 217.43 | 231.68 | 245.93 | 254.73 | 268.98 |
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): | 48.55 | |
| MACD (12,26,9): | -0.1800 | |
| Directional Movement: | 4.42 | |
| AROON (14): | -14.29 | |
| DEMA (21): | 225.95 | |
| Parabolic SAR (0,02-0,02-0,2): | 227.55 | |
| Elder Ray (13): | 0.12 | |
| Super Trend (3,10): | 227.80 | |
| Zig ZAG (10): | 226.20 | |
| VORTEX (21): | 0.9200 | |
| Stochastique (14,3,5): | 69.92 | |
| TEMA (21): | 226.09 | |
| Williams %R (14): | -30.47 | |
| Chande Momentum Oscillator (20): | 0.07 | |
| Repulse (5,40,3): | -0.0700 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0200 | |
| Courbe Coppock: | 0.29 |
| MA7: | 226.76 | |
| MA20: | 230.46 | |
| MA50: | 226.74 | |
| MA100: | 201.24 | |
| MAexp7: | 226.17 | |
| MAexp20: | 226.25 | |
| MAexp50: | 226.72 | |
| MAexp100: | 227.07 | |
| Price / MA7: | -0.30% | |
| Price / MA20: | -1.90% | |
| Price / MA50: | -0.30% | |
| Price / MA100: | +12.34% | |
| Price / MAexp7: | -0.04% | |
| Price / MAexp20: | -0.08% | |
| Price / MAexp50: | -0.29% | |
| Price / MAexp100: | -0.44% |
Quotes :
2020-07-04 10:04:09
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Real time data
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Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
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