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 03/24/2021 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : LEVEL MAINTAINED

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Summary of the analysis

Trends
Court terme: Strongly bearish
De fond: Strongly bearish
Technical indicators
22%
72%
6%
My opinion
Bearish under 1,652.27 USD
My targets
1,483.29 USD (-6.44%)
1,421.70 USD (-10.33%)
My analysis
The bearish trend is currently very strong for ETHEREUM - ETH/USD. As long as the price remains below the resistance at 1,652.27 USD, you could try to take advantage of the bearish rally. The first bearish objective is located at 1,483.29 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 1,421.70 USD as an objective. Crossing it would then enable sellers to target 1,108.06 USD. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
7.7

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 AKOUSA. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

The ETHEREUM - ETH/USD price is 1,585.41 USD. The price registered a decrease of -5.00% on the session with the lowest point at 1,546.00 USD and the highest point at 1,740.91 USD. The deviation from the price is +2.55% for the low point and -8.93% for the high point.

1,546.00
1,740.91
1,585.41

The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



A study of price movements over other periods shows the following variations:

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. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:

Central Indicators

Moving Average bearish crossovers : MA20 & MA50

Type : Bearish

Timeframe : 1 hour



On the 18 technical indicators analysed, 4 are bullish, 1 are neutral and 13 are bearish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour


Previous candle closed under Bollinger bands

Type : Neutral

Timeframe : 1 hour


CCI indicator: bearish divergence

Type : Bearish

Timeframe : 1 hour


CCI indicator: bullish divergence

Type : Bullish

Timeframe : 1 hour


MACD indicator: bullish divergence

Type : Bullish

Timeframe : 1 hour


RSI indicator: bearish divergence

Type : Bearish

Timeframe : 1 hour


RSI indicator: bullish divergence

Type : Bullish

Timeframe : 1 hour


Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Central Indicators

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : 1 hour


Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Weekly


Pivot points : price is under support 2

Type : Neutral

Timeframe : Weekly


Pivot points : price is under support 3

Type : Neutral

Timeframe : 1 hour



Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:

Central Candlesticks

Doji

Type : Neutral

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 614.19 1,108.06 1,421.70 1,585.41 1,652.27 1,737.96 1,774.60
Change (%) -61.26% -30.11% -10.33% - +4.22% +9.62% +11.93%
Change -971.22 -477.35 -163.71 - +66.86 +152.55 +189.19
Level Minor Minor Major - Intermediate 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
Standard1,571.761,612.021,640.391,680.651,709.021,749.281,777.65
Camarilla1,649.901,656.191,662.481,668.771,675.061,681.351,687.64
Woodie1,565.831,609.051,634.461,677.681,703.091,746.311,771.72
Fibonacci1,612.021,638.231,654.431,680.651,706.861,723.061,749.28


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1,483.291,598.091,701.541,816.341,919.792,034.592,138.04
Camarilla1,744.971,764.981,784.981,804.991,825.001,845.001,865.01
Woodie1,477.621,595.251,695.871,813.501,914.122,031.752,132.37
Fibonacci1,598.091,681.461,732.971,816.341,899.711,951.222,034.59


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard-103.47448.27934.981,486.721,973.432,525.173,011.88
Camarilla1,136.131,231.321,326.511,421.701,516.891,612.081,707.27
Woodie-135.98432.01902.481,470.461,940.932,508.912,979.38
Fibonacci448.27844.961,090.031,486.721,883.412,128.482,525.17

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): 24.45
MACD (12,26,9): -18.3400
Directional Movement: -31.91
AROON (14): -57.14
DEMA (21): 1,651.88
Parabolic SAR (0,02-0,02-0,2): 1,716.86
Elder Ray (13): -55.02
Super Trend (3,10): 1,675.80
Zig ZAG (10): 1,594.56
VORTEX (21): 0.8400
Stochastique (14,3,5): 13.17
TEMA (21): 1,629.55
Williams %R (14): -95.54
Chande Momentum Oscillator (20): -147.74
Repulse (5,40,3): -5.0600
ROCnROLL: 2
TRIX (15,9): -0.0400
Courbe Coppock: 6.24
MA7: 1,725.88
MA20: 1,766.25
MA50: 1,724.96
MA100: 1,375.64
MAexp7: 1,628.38
MAexp20: 1,671.92
MAexp50: 1,694.42
MAexp100: 1,723.07
Price / MA7: -8.14%
Price / MA20: -10.24%
Price / MA50: -8.09%
Price / MA100: +15.25%
Price / MAexp7: -2.64%
Price / MAexp20: -5.17%
Price / MAexp50: -6.43%
Price / MAexp100: -7.99%

Quotes : 2021-03-24 22:45:55 - Real time data - Cryptocompare

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

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