ETHEREUM - ETH/USD - 1H - Technical analysis published on 09/21/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
17%
72%
11%
My opinion
Bearish under 363.71 USD
My targets
337.35 USD (-5.47%)
334.17 USD (-6.36%)
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 363.71 USD. The sellers” bearish objective is set at 337.35 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 334.17 USD. In case of crossing, the next objective would be the support located at 246.77 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, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
Force
0
10
7.9
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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 rating is 356.87 USD. The price is lower by -3.80% since the last closing with the lowest point at 354.34 USD and the highest point at 376.11 USD. The deviation from the price is +0.71% for the low point and -5.12% for the high point.354.34
376.11
356.87
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
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.
In fact, according to the parameters integrated into the Central Analyzer system, 13 technical indicators out of 18 analysed are currently bearish. Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is oversold : under 30
Type : Neutral
Timeframe : 1 hour
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
MACD crosses DOWN its Moving Average
Type : Bearish
Timeframe : 1 hour
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:
Three black crows
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 246.77 | 334.17 | 355.21 | 356.87 | 363.71 | 375.00 | 380.22 |
| Change (%) | -30.85% | -6.36% | -0.47% | - | +1.92% | +5.08% | +6.54% |
| Change | -110.10 | -22.70 | -1.66 | - | +6.84 | +18.13 | +23.35 |
| Level | Major | Major | Minor | - | Minor | 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 | 342.29 | 353.74 | 362.35 | 373.80 | 382.41 | 393.86 | 402.47 |
| Camarilla | 365.44 | 367.28 | 369.12 | 370.96 | 372.80 | 374.64 | 376.48 |
| Woodie | 340.87 | 353.03 | 360.93 | 373.09 | 380.99 | 393.15 | 401.05 |
| Fibonacci | 353.74 | 361.40 | 366.14 | 373.80 | 381.46 | 386.20 | 393.86 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 320.69 | 337.35 | 361.36 | 378.02 | 402.03 | 418.69 | 442.70 |
| Camarilla | 374.19 | 377.91 | 381.64 | 385.37 | 389.10 | 392.83 | 396.55 |
| Woodie | 324.37 | 339.19 | 365.04 | 379.86 | 405.71 | 420.53 | 446.38 |
| Fibonacci | 337.35 | 352.89 | 362.48 | 378.02 | 393.56 | 403.15 | 418.69 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 244.86 | 287.47 | 360.76 | 403.37 | 476.66 | 519.27 | 592.56 |
| Camarilla | 402.18 | 412.80 | 423.43 | 434.05 | 444.67 | 455.30 | 465.92 |
| Woodie | 260.20 | 295.14 | 376.10 | 411.04 | 492.00 | 526.94 | 607.90 |
| Fibonacci | 287.47 | 331.74 | 359.10 | 403.37 | 447.64 | 475.00 | 519.27 |
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): | 26.06 | |
| MACD (12,26,9): | -2.3200 | |
| Directional Movement: | -27.92 | |
| AROON (14): | -57.14 | |
| DEMA (21): | 368.72 | |
| Parabolic SAR (0,02-0,02-0,2): | 375.91 | |
| Elder Ray (13): | -6.19 | |
| Super Trend (3,10): | 374.43 | |
| Zig ZAG (10): | 360.47 | |
| VORTEX (21): | 0.8300 | |
| Stochastique (14,3,5): | 18.64 | |
| TEMA (21): | 367.86 | |
| Williams %R (14): | -100.00 | |
| Chande Momentum Oscillator (20): | -10.71 | |
| Repulse (5,40,3): | -4.1300 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0800 | |
| Courbe Coppock: | 0.73 |
| MA7: | 373.88 | |
| MA20: | 371.64 | |
| MA50: | 392.16 | |
| MA100: | 323.50 | |
| MAexp7: | 368.15 | |
| MAexp20: | 372.16 | |
| MAexp50: | 375.71 | |
| MAexp100: | 377.09 | |
| Price / MA7: | -4.55% | |
| Price / MA20: | -3.97% | |
| Price / MA50: | -9.00% | |
| Price / MA100: | +10.32% | |
| Price / MAexp7: | -3.06% | |
| Price / MAexp20: | -4.11% | |
| Price / MAexp50: | -5.01% | |
| Price / MAexp100: | -5.36% |
Quotes :
2020-09-21 10:20:44
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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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