ETHEREUM - ETH/USD - Daily - Technical analysis published on 07/13/2021 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Strongly bearish
Technical indicators
22%
56%
22%
My opinion
Bearish under 2,097.48 USD
My targets
1,688.13 USD (-15.23%)
1,415.79 USD (-28.91%)
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 2,097.48 USD. The next bearish objective for sellers is set at 1,688.13 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 1,415.79 USD. If there is any crossing, the next objective would be the support located at 1,108.06 USD. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible over sold items that could be a sign of a short-term correction.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
6.4
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This analysis was given by kaptan. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The ETHEREUM - ETH/USD price is 1,991.43 USD. On the day, this instrument lost -2.06% and was between 1,962.14 USD and 2,043.68 USD. This implies that the price is at +1.49% from its lowest and at -2.56% from its highest.1,962.14
2,043.68
1,991.43
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
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 Daily shows a overall strongly bearish trend. 89.29% of the signals given by moving averages are bearish. The slightly bearish signals from short-term moving averages show that the overall trend is slowing down. An assessment of moving averages reveals a bearish signal that could impact this trend:
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : Daily
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal support
Type : Bullish
Timeframe : Daily
Support of channel is broken
Type : Bearish
Timeframe : Daily
For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:
Bearish engulfing lines
Type : Bearish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
ProTrendLines | 331.26 | 1,108.06 | 1,415.79 | 1,991.43 | 2,097.48 | 2,889.17 | 4,176.00 |
Change (%) | -83.37% | -44.36% | -28.91% | - | +5.33% | +45.08% | +109.70% |
Change | -1,660.17 | -883.37 | -575.64 | - | +106.05 | +897.74 | +2,184.57 |
Level | Minor | Minor | Minor | - | Major | Minor | 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 | 1,810.88 | 1,909.52 | 1,971.44 | 2,070.08 | 2,132.00 | 2,230.64 | 2,292.56 |
Camarilla | 1,989.20 | 2,003.91 | 2,018.63 | 2,033.35 | 2,048.07 | 2,062.79 | 2,077.50 |
Woodie | 1,792.51 | 1,900.34 | 1,953.07 | 2,060.90 | 2,113.63 | 2,221.46 | 2,274.19 |
Fibonacci | 1,909.52 | 1,970.86 | 2,008.75 | 2,070.08 | 2,131.42 | 2,169.31 | 2,230.64 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 1,612.31 | 1,830.62 | 1,970.60 | 2,188.91 | 2,328.89 | 2,547.20 | 2,687.18 |
Camarilla | 2,012.04 | 2,044.88 | 2,077.73 | 2,110.57 | 2,143.41 | 2,176.26 | 2,209.10 |
Woodie | 1,573.14 | 1,811.04 | 1,931.43 | 2,169.33 | 2,289.72 | 2,527.62 | 2,648.01 |
Fibonacci | 1,830.62 | 1,967.49 | 2,052.05 | 2,188.91 | 2,325.78 | 2,410.34 | 2,547.20 |
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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
RSI (14): | 41.61 | |
MACD (12,26,9): | -61.2900 | |
Directional Movement: | -9.26 | |
AROON (14): | -42.86 | |
DEMA (21): | 2,065.45 | |
Parabolic SAR (0,02-0,02-0,2): | 2,371.04 | |
Elder Ray (13): | -126.11 | |
Super Trend (3,10): | 2,457.22 | |
Zig ZAG (10): | 1,997.59 | |
VORTEX (21): | 1.0700 | |
Stochastique (14,3,5): | 17.82 | |
TEMA (21): | 2,105.14 | |
Williams %R (14): | -92.79 | |
Chande Momentum Oscillator (20): | -116.78 | |
Repulse (5,40,3): | -7.5500 | |
ROCnROLL: | 2 | |
TRIX (15,9): | -0.3900 | |
Courbe Coppock: | 9.16 |
MA7: | 2,123.36 | |
MA20: | 2,116.33 | |
MA50: | 2,326.69 | |
MA100: | 2,562.09 | |
MAexp7: | 2,100.07 | |
MAexp20: | 2,155.99 | |
MAexp50: | 2,302.62 | |
MAexp100: | 2,313.26 | |
Price / MA7: | -6.21% | |
Price / MA20: | -5.90% | |
Price / MA50: | -14.41% | |
Price / MA100: | -22.27% | |
Price / MAexp7: | -5.17% | |
Price / MAexp20: | -7.63% | |
Price / MAexp50: | -13.51% | |
Price / MAexp100: | -13.91% |
Quotes :
-
Real time data
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Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
About author
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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