ETHEREUM - ETH/USD
ETHEREUM - ETH/USD
- USD (-)
- Real time data - Cryptocompare
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Change: -
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Type: Cryptocurrencies
Ticker: ETHUSD
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ETHEREUM - ETH/USD - 1H - Technical analysis published on 04/08/2021 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : INVALID

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Summary of the analysis

Trends
Court terme: Neutral
De fond: Bearish
Technical indicators
50%
6%
44%
My opinion
Bearish under 2,046.71 USD
My targets
1,957.79 USD (-2.61%)
1,863.46 USD (-7.31%)
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 2,046.71 USD, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 1,957.79 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 1,863.46 USD as an objective. Crossing it would then enable sellers to target 1,813.33 USD. If the resistance 2,046.71 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 opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bearish direction is still favored, however the current short term correction should be carefully watched.
Force
0
10
1.1

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 rating is 2,010.34 USD. The price has increased by +2.51% since the last closing and was between 1,950.00 USD and 2,034.00 USD. This implies that the price is at +3.09% from its lowest and at -1.16% from its highest.

1,950.00
2,034.00
2,010.34

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.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



Here is a more detailed summary of the historical variations registered by ETHEREUM - ETH/USD:
The Central Records scanner for higher/lower results shows an item:

Central Records

New HIGH record (5 years)

Type : Bullish

Timeframe : Weekly



Technical


A technical analysis in 1H of this ETHEREUM - ETH/USD chart shows a bearish trend. The signals given by moving averages are 71.43% bearish. This bearish trend could slow down given the neutral signals currently being 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, only 9 technical indicators out of 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator is overbought : over 100

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: bearish divergence

Type : Bearish

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 overbought : over -20

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 3

Type : Neutral

Timeframe : 1 hour


Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Weekly


Pivot points : price is under support 3

Type : Neutral

Timeframe : 1 hour


Pivot points : price is under support 3

Type : Neutral

Timeframe : Weekly



Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

Central Patterns

Near support of triangle

Type : Bullish

Timeframe : 1 hour


Horizontal support is broken

Type : Bearish

Timeframe : 1 hour


Support of channel is broken

Type : Bearish

Timeframe : 1 hour



The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 1,863.46 1,957.79 2,003.84 2,010.34 2,046.71 2,083.70 2,134.14
Change (%) -7.31% -2.61% -0.32% - +1.81% +3.65% +6.16%
Change -146.88 -52.55 -6.50 - +36.37 +73.36 +123.80
Level Minor Major Intermediate - Minor Minor Major



Attention could also be paid to pivot points to set price objectives:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1,687.571,809.011,885.032,006.472,082.492,203.932,279.95
Camarilla1,906.761,924.861,942.961,961.061,979.161,997.262,015.36
Woodie1,664.871,797.661,862.331,995.122,059.792,192.582,257.25
Fibonacci1,809.011,884.441,931.042,006.472,081.902,128.502,203.93


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1,251.691,456.801,733.781,938.892,215.872,420.982,697.96
Camarilla1,878.201,922.391,966.582,010.772,054.962,099.152,143.35
Woodie1,287.641,474.771,769.731,956.862,251.822,438.952,733.91
Fibonacci1,456.801,640.961,754.731,938.892,123.052,236.822,420.98


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1,037.671,225.841,571.621,759.792,105.572,293.742,639.52
Camarilla1,770.561,819.511,868.461,917.401,966.352,015.292,064.24
Woodie1,116.481,265.241,650.431,799.192,184.382,333.142,718.33
Fibonacci1,225.841,429.811,555.821,759.791,963.762,089.772,293.74

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): 49.68
MACD (12,26,9): -6.0500
Directional Movement: 0.04
AROON (14): 57.15
DEMA (21): 1,995.23
Parabolic SAR (0,02-0,02-0,2): 1,976.06
Elder Ray (13): 8.17
Super Trend (3,10): 2,050.73
Zig ZAG (10): 2,013.90
VORTEX (21): 1.0600
Stochastique (14,3,5): 80.11
TEMA (21): 2,006.09
Williams %R (14): -12.85
Chande Momentum Oscillator (20): 24.71
Repulse (5,40,3): 0.2000
ROCnROLL: -1
TRIX (15,9): -0.1200
Courbe Coppock: 2.75
MA7: 2,059.39
MA20: 1,858.60
MA50: 1,773.22
MA100: 1,565.14
MAexp7: 2,010.61
MAexp20: 2,008.95
MAexp50: 2,031.81
MAexp100: 2,040.44
Price / MA7: -2.38%
Price / MA20: +8.16%
Price / MA50: +13.37%
Price / MA100: +28.44%
Price / MAexp7: -0.01%
Price / MAexp20: +0.07%
Price / MAexp50: -1.06%
Price / MAexp100: -1.48%

Quotes : - Real time data - Cryptocompare

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

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