ETHEREUM - ETH/USD - Daily - Technical analysis published on 07/23/2021 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Strongly bearish
Technical indicators
44%
22%
33%
My opinion
Bearish under 2,097.48 USD
My targets
1,701.98 USD (-15.87%)
1,415.79 USD (-30.02%)
My analysis
The basic trend is very bearish on ETHEREUM - ETH/USD but buyers need to catch their breath in the short term. In a case like this, you could favour trades in the direction of the trend on ETHEREUM - ETH/USD. As long as you stay below the resistance 2,097.48 USD, sellers' retain the upper hand. A break in the support at 1,701.98 USD would be a signal that the basic trend will reverse. Sellers would then use the next support located at 1,415.79 USD as an objective. Crossing it would then enable sellers to target 331.26 USD. If the price were to depress the resistance 2,097.48 USD in the short term, this would be a sign of possible consolidation in the short term, but against the trend trading would then perhaps be more risky. On the other hand, we could expect signals of a 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
3.6
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Additional analysis
Quotes
ETHEREUM - ETH/USD rating 2,023.09 USD. The price is lower by -0.07% since the last closing with the lowest point at 2,015.95 USD and the highest point at 2,031.89 USD. The deviation from the price is +0.35% for the low point and -0.43% for the high point.2,015.95
2,031.89
2,023.09
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 sharp bearish trend. 82.14% of the signals given by moving averages are bearish. Caution: as the signals currently given by short-term moving averages are rather neutral, the strongly bearish trend is showing signs of running out of steam. An assessment of moving averages reveals a bullish signal that could impact this trend:
Bullish trend reversal : adaptative moving average 20
Type : Bullish
Timeframe : Daily
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Parabolic SAR indicator bullish reversal
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
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Support of channel is broken
Type : Bearish
Timeframe : Daily
Support of triangle is broken
Type : Bearish
Timeframe : Daily
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:
White morning star
Type : Bullish
Timeframe : Daily
ProTrendLines
S2
S1
R1
R2
R3
Price
| S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 331.26 | 1,415.79 | 2,023.09 | 2,097.48 | 2,872.00 | 4,176.00 |
| Change (%) | -83.63% | -30.02% | - | +3.68% | +41.96% | +106.42% |
| Change | -1,691.83 | -607.30 | - | +74.39 | +848.91 | +2,152.91 |
| Level | Intermediate | Intermediate | - | Major | Minor | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,871.92 | 1,910.69 | 1,967.55 | 2,006.32 | 2,063.18 | 2,101.95 | 2,158.81 |
| Camarilla | 1,998.10 | 2,006.87 | 2,015.63 | 2,024.40 | 2,033.17 | 2,041.93 | 2,050.70 |
| Woodie | 1,880.96 | 1,915.21 | 1,976.59 | 2,010.84 | 2,072.22 | 2,106.47 | 2,167.85 |
| Fibonacci | 1,910.69 | 1,947.22 | 1,969.79 | 2,006.32 | 2,042.85 | 2,065.42 | 2,101.95 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,451.82 | 1,650.79 | 1,774.75 | 1,973.72 | 2,097.68 | 2,296.65 | 2,420.61 |
| Camarilla | 1,809.89 | 1,839.50 | 1,869.10 | 1,898.70 | 1,928.30 | 1,957.90 | 1,987.51 |
| Woodie | 1,414.31 | 1,632.04 | 1,737.24 | 1,954.97 | 2,060.17 | 2,277.90 | 2,383.10 |
| Fibonacci | 1,650.79 | 1,774.15 | 1,850.36 | 1,973.72 | 2,097.08 | 2,173.29 | 2,296.65 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 555.78 | 1,128.45 | 1,701.98 | 2,274.65 | 2,848.18 | 3,420.85 | 3,994.38 |
| Camarilla | 1,960.32 | 2,065.38 | 2,170.45 | 2,275.52 | 2,380.59 | 2,485.66 | 2,590.73 |
| Woodie | 556.22 | 1,128.67 | 1,702.42 | 2,274.87 | 2,848.62 | 3,421.07 | 3,994.82 |
| Fibonacci | 1,128.45 | 1,566.30 | 1,836.80 | 2,274.65 | 2,712.50 | 2,983.00 | 3,420.85 |
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): | 48.45 | |
| MACD (12,26,9): | -74.7400 | |
| Directional Movement: | -2.85 | |
| AROON (14): | -71.43 | |
| DEMA (21): | 1,904.51 | |
| Parabolic SAR (0,02-0,02-0,2): | 1,725.40 | |
| Elder Ray (13): | 48.50 | |
| Super Trend (3,10): | 2,194.32 | |
| Zig ZAG (10): | 2,020.81 | |
| VORTEX (21): | 1.0000 | |
| Stochastique (14,3,5): | 39.97 | |
| TEMA (21): | 1,900.44 | |
| Williams %R (14): | -35.08 | |
| Chande Momentum Oscillator (20): | -85.32 | |
| Repulse (5,40,3): | 9.0000 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.5700 | |
| Courbe Coppock: | 26.42 |
| MA7: | 1,898.54 | |
| MA20: | 2,043.63 | |
| MA50: | 2,183.88 | |
| MA100: | 2,539.06 | |
| MAexp7: | 1,960.45 | |
| MAexp20: | 2,011.55 | |
| MAexp50: | 2,176.73 | |
| MAexp100: | 2,242.16 | |
| Price / MA7: | +6.56% | |
| Price / MA20: | -1.01% | |
| Price / MA50: | -7.36% | |
| Price / MA100: | -20.32% | |
| Price / MAexp7: | +3.20% | |
| Price / MAexp20: | +0.57% | |
| Price / MAexp50: | -7.06% | |
| Price / MAexp100: | -9.77% |
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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