ETHEREUM - ETH/USD - 1H - Technical analysis published on 09/25/2020 (GMT)
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- Timeframe : 1H
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Summary of the analysis
Trends
Court terme:
Neutral
De fond:
Bearish
Technical indicators
22%
56%
22%
My opinion
Bearish under 343.46 USD
My targets
334.17 USD (-1.34%)
323.32 USD (-4.54%)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on ETHEREUM - ETH/USD. As long as you are under the resistance located at 343.46 USD, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 334.17 USD would be a signal of a reversal in the basic trend and the short-term trend could then quickly become bearish. Sellers would then use the next support located at 323.32 USD as an objective. Crossing it would then enable sellers to target 314.33 USD. If the resistance 343.46 USD were to be broken, this would simply be a sign of possible further short-term consolidation and trading against this trend would then perhaps be more risky.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
4.3
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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 338.70 USD. The price is lower by -2.91% since the last closing and was between 337.83 USD and 350.40 USD. This implies that the price is at +0.26% from its lowest and at -3.34% from its highest.337.83
350.40
338.70
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
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
A technical analysis in 1H of this ETHEREUM - ETH/USD chart shows a bearish trend. 71.43% of the signals given by moving averages are bearish. Caution: as the signals currently given by short-term moving averages are rather neutral, the bearish trend could slow down. The Central Indicators scanner detects bearish signals on moving averages that could impact this trend:
Bearish trend reversal : adaptative moving average 50
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with Moving Average 100
Type : Bearish
Timeframe : 1 hour
In fact, of the 18 technical indicators analysed by Central Analyzer, 4 are bullish, 4 are neutral and 10 are bearish. But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
RSI indicator is back under 50
Type : Bearish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
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 | 314.33 | 323.32 | 334.17 | 338.70 | 343.46 | 364.95 | 380.22 |
| Change (%) | -7.20% | -4.54% | -1.34% | - | +1.41% | +7.75% | +12.26% |
| Change | -24.37 | -15.38 | -4.53 | - | +4.76 | +26.25 | +41.52 |
| Level | Intermediate | Minor | Major | - | 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 | 292.18 | 304.62 | 326.73 | 339.17 | 361.28 | 373.72 | 395.83 |
| Camarilla | 339.35 | 342.52 | 345.68 | 348.85 | 352.02 | 355.18 | 358.35 |
| Woodie | 297.03 | 307.04 | 331.58 | 341.59 | 366.13 | 376.14 | 400.68 |
| Fibonacci | 304.62 | 317.82 | 325.97 | 339.17 | 352.37 | 360.52 | 373.72 |
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 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): | 47.17 | |
| MACD (12,26,9): | 1.3300 | |
| Directional Movement: | -8.57 | |
| AROON (14): | -71.43 | |
| DEMA (21): | 344.99 | |
| Parabolic SAR (0,02-0,02-0,2): | 345.94 | |
| Elder Ray (13): | -3.14 | |
| Super Trend (3,10): | 338.30 | |
| Zig ZAG (10): | 340.48 | |
| VORTEX (21): | 1.0700 | |
| Stochastique (14,3,5): | 16.18 | |
| TEMA (21): | 344.39 | |
| Williams %R (14): | -86.13 | |
| Chande Momentum Oscillator (20): | -11.50 | |
| Repulse (5,40,3): | -1.1900 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.1300 | |
| Courbe Coppock: | 1.66 |
| MA7: | 349.86 | |
| MA20: | 360.84 | |
| MA50: | 387.29 | |
| MA100: | 327.49 | |
| MAexp7: | 342.20 | |
| MAexp20: | 342.46 | |
| MAexp50: | 340.45 | |
| MAexp100: | 344.24 | |
| Price / MA7: | -3.19% | |
| Price / MA20: | -6.14% | |
| Price / MA50: | -12.55% | |
| Price / MA100: | +3.42% | |
| Price / MAexp7: | -1.02% | |
| Price / MAexp20: | -1.10% | |
| Price / MAexp50: | -0.51% | |
| Price / MAexp100: | -1.61% |
Quotes :
2020-09-25 09:47:24
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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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