ETHEREUM - ETH/USD - Daily - Technical analysis published on 07/01/2021 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Bearish
Technical indicators
56%
11%
33%
My opinion
Bearish under 2,288.50 USD
My targets
2,097.48 USD (-2.90%)
1,688.13 USD (-21.85%)
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 2,288.50 USD. The sellers' bearish objective is set at 2,097.48 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 1,688.13 USD. In case of crossing, the next objective would be the support located at 1,409.67 USD.
Technical indicators are opposing the general bearish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.
Force
0
10
2.9
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This analysis was given by kaptan. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
ETHEREUM - ETH/USD rating 2,160.20 USD. The price registered a decrease of -5.07% on the session with the lowest point at 2,158.42 USD and the highest point at 2,276.89 USD. The deviation from the price is +0.08% for the low point and -5.12% for the high point.2,158.42
2,276.89
2,160.20
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
A technical analysis in Daily of this ETHEREUM - ETH/USD chart shows a bearish trend. The signals given by moving averages are 75.00% bearish. This bearish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:
Bullish trend reversal : adaptative moving average 20
Type : Bullish
Timeframe : Daily
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : Daily
The technical indicators are bullish. There is still some doubt about the price increase.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
RSI indicator is back over 50
Type : Bullish
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Momentum indicator is back over 0
Type : Bullish
Timeframe : Daily
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal support
Type : Bullish
Timeframe : Daily
Support of triangle is broken
Type : Bearish
Timeframe : Daily
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 476.13 | 1,409.67 | 2,097.48 | 2,160.20 | 2,517.58 | 2,872.00 | 4,176.00 |
| Change (%) | -77.96% | -34.74% | -2.90% | - | +16.54% | +32.95% | +93.32% |
| Change | -1,684.07 | -750.53 | -62.72 | - | +357.38 | +711.80 | +2,015.80 |
| Level | Intermediate | Minor | Major | - | Minor | 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 | 1,950.76 | 2,020.12 | 2,147.82 | 2,217.18 | 2,344.88 | 2,414.24 | 2,541.94 |
| Camarilla | 2,221.33 | 2,239.39 | 2,257.46 | 2,275.52 | 2,293.58 | 2,311.65 | 2,329.71 |
| Woodie | 1,979.93 | 2,034.71 | 2,176.99 | 2,231.77 | 2,374.05 | 2,428.83 | 2,571.11 |
| Fibonacci | 2,020.12 | 2,095.40 | 2,141.90 | 2,217.18 | 2,292.46 | 2,338.96 | 2,414.24 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,020.46 | 1,360.79 | 1,595.87 | 1,936.20 | 2,171.28 | 2,511.61 | 2,746.69 |
| Camarilla | 1,672.72 | 1,725.47 | 1,778.21 | 1,830.96 | 1,883.71 | 1,936.45 | 1,989.20 |
| Woodie | 967.85 | 1,334.48 | 1,543.26 | 1,909.89 | 2,118.67 | 2,485.30 | 2,694.08 |
| Fibonacci | 1,360.79 | 1,580.59 | 1,716.39 | 1,936.20 | 2,156.00 | 2,291.80 | 2,511.61 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 500.36 | 1,100.73 | 1,688.13 | 2,288.50 | 2,875.90 | 3,476.27 | 4,063.67 |
| Camarilla | 1,948.88 | 2,057.76 | 2,166.64 | 2,275.52 | 2,384.40 | 2,493.28 | 2,602.16 |
| Woodie | 493.87 | 1,097.49 | 1,681.64 | 2,285.26 | 2,869.41 | 3,473.03 | 4,057.18 |
| Fibonacci | 1,100.73 | 1,554.46 | 1,834.78 | 2,288.50 | 2,742.23 | 3,022.55 | 3,476.27 |
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): | 46.92 | |
| MACD (12,26,9): | -125.8200 | |
| Directional Movement: | -5.07 | |
| AROON (14): | -35.71 | |
| DEMA (21): | 2,007.25 | |
| Parabolic SAR (0,02-0,02-0,2): | 1,764.66 | |
| Elder Ray (13): | 98.54 | |
| Super Trend (3,10): | 2,457.22 | |
| Zig ZAG (10): | 2,226.63 | |
| VORTEX (21): | 0.9400 | |
| Stochastique (14,3,5): | 69.14 | |
| TEMA (21): | 2,015.42 | |
| Williams %R (14): | -22.93 | |
| Chande Momentum Oscillator (20): | 54.09 | |
| Repulse (5,40,3): | 7.9400 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -1.0200 | |
| Courbe Coppock: | 24.84 |
| MA7: | 2,051.45 | |
| MA20: | 2,171.24 | |
| MA50: | 2,533.85 | |
| MA100: | 2,522.22 | |
| MAexp7: | 2,124.69 | |
| MAexp20: | 2,183.48 | |
| MAexp50: | 2,390.90 | |
| MAexp100: | 2,353.48 | |
| Price / MA7: | +5.30% | |
| Price / MA20: | -0.51% | |
| Price / MA50: | -14.75% | |
| Price / MA100: | -14.35% | |
| Price / MAexp7: | +1.67% | |
| Price / MAexp20: | -1.07% | |
| Price / MAexp50: | -9.65% | |
| Price / MAexp100: | -8.21% |
Quotes :
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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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