ETHEREUM - ETH/USD
ETHEREUM - ETH/USD
- USD (-)
- Real time data - Cryptocompare
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Type: Cryptocurrencies
Ticker: ETHUSD
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ETHEREUM - ETH/USD - 1H - Technical analysis published on 10/02/2020 (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
17%
61%
22%
My opinion
Bearish under 351.60 USD
My targets
334.17 USD (-1.30%)
323.32 USD (-4.50%)
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 351.60 USD. The next support located at 334.17 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 323.32 USD. Below this support, sellers could then target 317.91 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, 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
7.5

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

The ETHEREUM - ETH/USD price is 338.57 USD. On the day, this instrument lost -4.09% and was between 335.10 USD and 354.22 USD. This implies that the price is at +1.04% from its lowest and at -4.42% from its highest.

335.10
354.22
338.57

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.

Central Gaps

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 sharp 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 market scanner currently does not detect any result that concerns moving averages.

An assessment of technical indicators shows a bearish signal.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

RSI indicator is oversold : under 30

Type : Neutral

Timeframe : 1 hour


CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour


Previous candle closed under Bollinger bands

Type : Neutral

Timeframe : 1 hour


CCI indicator: bullish divergence

Type : Bullish

Timeframe : 1 hour


Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Central Indicators

Pivot points : price is under support 1

Type : Neutral

Timeframe : 1 hour



No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:

Central Candlesticks

Doji

Type : Neutral

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 317.91 323.32 334.17 338.57 351.60 360.58 369.52
Change (%) -6.10% -4.50% -1.30% - +3.85% +6.50% +9.14%
Change -20.66 -15.25 -4.40 - +13.03 +22.01 +30.95
Level Minor Minor Major - Major Minor Intermediate



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
Standard318.67332.20342.60356.13366.53380.06390.46
Camarilla346.42348.61350.81353.00355.19357.39359.58
Woodie317.11331.42341.04355.35364.97379.28388.90
Fibonacci332.20341.34346.99356.13365.27370.92380.06


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard246.61280.47317.29351.15387.97421.83458.65
Camarilla334.67341.15347.63354.11360.59367.07373.55
Woodie248.09281.21318.77351.89389.45422.57460.13
Fibonacci280.47307.47324.15351.15378.15394.83421.83


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard108.73210.51285.05386.83461.37563.15637.69
Camarilla311.10327.27343.43359.59375.75391.92408.08
Woodie95.11203.70271.43380.02447.75556.34624.07
Fibonacci210.51277.86319.48386.83454.18495.80563.15

Numerical data


The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators
Moving averages

RSI (14): 24.28
MACD (12,26,9): -5.0800
Directional Movement: -34.07
AROON (14): -42.86
DEMA (21): 342.07
Parabolic SAR (0,02-0,02-0,2): 350.82
Elder Ray (13): -7.77
Super Trend (3,10): 349.09
Zig ZAG (10): 336.43
VORTEX (21): 0.6700
Stochastique (14,3,5): 8.33
TEMA (21): 338.40
Williams %R (14): -92.36
Chande Momentum Oscillator (20): -16.75
Repulse (5,40,3): -2.1300
ROCnROLL: 2
TRIX (15,9): -0.1500
Courbe Coppock: 5.96
MA7: 353.76
MA20: 359.07
MA50: 381.96
MA100: 335.98
MAexp7: 341.12
MAexp20: 348.10
MAexp50: 353.17
MAexp100: 354.49
Price / MA7: -4.29%
Price / MA20: -5.71%
Price / MA50: -11.36%
Price / MA100: +0.77%
Price / MAexp7: -0.75%
Price / MAexp20: -2.74%
Price / MAexp50: -4.13%
Price / MAexp100: -4.49%

Quotes : 2020-10-02 11:13:43 - Real time data - Cryptocompare

This member declared not having a position on this financial instrument or a related financial instrument.

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