ETHEREUM - ETH/USD - 1H - Technical analysis published on 02/28/2021 (GMT)
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- Timeframe : 1H
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- Status : INVALID
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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 1,385.62 USD
My targets
1,168.75 USD (-14.91%)
1,108.06 USD (-19.33%)
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 1,385.62 USD. The sellers” bearish objective is set at 1,168.75 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 1,108.06 USD. In case of crossing, the next objective would be the support located at 1,000.00 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, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
Force
0
10
7.9
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This analysis was given by boppip. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The ETHEREUM - ETH/USD price is 1,373.58 USD. On the day, this instrument lost -5.80% and was traded between 1,365.01 USD and 1,468.77 USD over the period. The price is currently at +0.63% from its lowest and -6.48% from its highest.1,365.01
1,468.77
1,373.58
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
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:
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 market scanner currently does not detect any result that concerns moving averages.
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
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
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 | 614.19 | 1,000.00 | 1,108.06 | 1,373.58 | 1,385.62 | 1,560.60 | 1,777.33 |
| Change (%) | -55.29% | -27.20% | -19.33% | - | +0.88% | +13.62% | +29.39% |
| Change | -759.39 | -373.58 | -265.52 | - | +12.04 | +187.02 | +403.75 |
| Level | Minor | Minor | Minor | - | Major | Intermediate | Major |
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 | 1,313.70 | 1,370.13 | 1,414.12 | 1,470.55 | 1,514.54 | 1,570.97 | 1,614.96 |
| Camarilla | 1,430.50 | 1,439.70 | 1,448.91 | 1,458.11 | 1,467.32 | 1,476.52 | 1,485.73 |
| Woodie | 1,307.48 | 1,367.02 | 1,407.90 | 1,467.44 | 1,508.32 | 1,567.86 | 1,608.74 |
| Fibonacci | 1,370.13 | 1,408.49 | 1,432.19 | 1,470.55 | 1,508.91 | 1,532.61 | 1,570.97 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.41 | 502.70 | 980.41 | 1,477.70 | 1,955.41 | 2,452.70 | 2,930.41 |
| Camarilla | 1,189.99 | 1,279.36 | 1,368.74 | 1,458.11 | 1,547.49 | 1,636.86 | 1,726.24 |
| Woodie | -4.39 | 497.81 | 970.61 | 1,472.81 | 1,945.61 | 2,447.81 | 2,920.61 |
| Fibonacci | 502.70 | 875.15 | 1,105.25 | 1,477.70 | 1,850.15 | 2,080.25 | 2,452.70 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 104.52 | 410.76 | 862.51 | 1,168.75 | 1,620.50 | 1,926.74 | 2,378.49 |
| Camarilla | 1,105.81 | 1,175.30 | 1,244.78 | 1,314.26 | 1,383.74 | 1,453.23 | 1,522.71 |
| Woodie | 177.28 | 447.14 | 935.27 | 1,205.13 | 1,693.26 | 1,963.12 | 2,451.25 |
| Fibonacci | 410.76 | 700.31 | 879.20 | 1,168.75 | 1,458.30 | 1,637.19 | 1,926.74 |
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): | 29.64 | |
| MACD (12,26,9): | -14.7400 | |
| Directional Movement: | -30.71 | |
| AROON (14): | -50.00 | |
| DEMA (21): | 1,446.53 | |
| Parabolic SAR (0,02-0,02-0,2): | 1,511.26 | |
| Elder Ray (13): | -54.59 | |
| Super Trend (3,10): | 1,488.99 | |
| Zig ZAG (10): | 1,381.45 | |
| VORTEX (21): | 0.8000 | |
| Stochastique (14,3,5): | 15.84 | |
| TEMA (21): | 1,440.13 | |
| Williams %R (14): | -95.78 | |
| Chande Momentum Oscillator (20): | -94.05 | |
| Repulse (5,40,3): | -6.9900 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0600 | |
| Courbe Coppock: | 6.39 |
| MA7: | 1,535.04 | |
| MA20: | 1,734.61 | |
| MA50: | 1,506.13 | |
| MA100: | 1,098.41 | |
| MAexp7: | 1,423.33 | |
| MAexp20: | 1,466.05 | |
| MAexp50: | 1,491.39 | |
| MAexp100: | 1,544.21 | |
| Price / MA7: | -10.52% | |
| Price / MA20: | -20.81% | |
| Price / MA50: | -8.80% | |
| Price / MA100: | +25.05% | |
| Price / MAexp7: | -3.50% | |
| Price / MAexp20: | -6.31% | |
| Price / MAexp50: | -7.90% | |
| Price / MAexp100: | -11.05% |
Quotes :
2021-02-28 04:05:23
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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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