ETHEREUM - ETH/USD - 1H - Technical analysis published on 12/10/2021 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
50%
11%
39%
My opinion
Bearish under 4,256.72 USD
My targets
3,952.52 USD (-3.64%)
3,429.04 USD (-16.40%)
My analysis
The bearish trend is currently very strong for ETHEREUM - ETH/USD. As long as the price remains below the resistance at 4,256.72 USD, you could try to take advantage of the bearish rally. The first bearish objective is located at 3,952.52 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 3,429.04 USD as an objective. Crossing it would then enable sellers to target 3,323.33 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, technical indicators are in opposition with the general bearish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.
Force
0
10
3.8
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The ETHEREUM - ETH/USD rating is 4,101.91 USD. On the day, this instrument lost -0.11% and was between 4,023.11 USD and 4,197.79 USD. This implies that the price is at +1.96% from its lowest and at -2.28% from its highest.4,023.11
4,197.79
4,101.91
The Central Gaps scanner detects a bullish opening. A small advantage for buyers 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 1H of this ETHEREUM - ETH/USD chart shows a sharp bearish trend. 82.14% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators market scanner is currently detecting several bearish and bullish signals that could impact this trend:
Bullish trend reversal : Moving Average 100
Type : Bullish
Timeframe : 1 hour
Moving Average bearish crossovers : MA50 & MA100
Type : Bearish
Timeframe : 1 hour
Technical indicators are slightly bullish. There is therefore considerable uncertainty about the continuation of the increase.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Previous candle closed under Bollinger bands
Type : Neutral
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 2,763.12 | 3,323.33 | 3,952.52 | 4,101.91 | 4,256.72 | 4,458.45 | 4,656.95 |
| Change (%) | -32.64% | -18.98% | -3.64% | - | +3.77% | +8.69% | +13.53% |
| Change | -1,338.79 | -778.58 | -149.39 | - | +154.81 | +356.54 | +555.04 |
| Level | Major | Intermediate | Major | - | Intermediate | Intermediate | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3,544.41 | 3,810.59 | 3,958.52 | 4,224.70 | 4,372.63 | 4,638.81 | 4,786.74 |
| Camarilla | 3,992.58 | 4,030.54 | 4,068.50 | 4,106.46 | 4,144.42 | 4,182.38 | 4,220.34 |
| Woodie | 3,485.30 | 3,781.03 | 3,899.41 | 4,195.14 | 4,313.52 | 4,609.25 | 4,727.63 |
| Fibonacci | 3,810.59 | 3,968.78 | 4,066.51 | 4,224.70 | 4,382.89 | 4,480.62 | 4,638.81 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2,057.31 | 2,733.66 | 3,429.04 | 4,105.39 | 4,800.77 | 5,477.12 | 6,172.50 |
| Camarilla | 3,747.20 | 3,872.95 | 3,998.69 | 4,124.43 | 4,250.17 | 4,375.91 | 4,501.66 |
| Woodie | 2,066.84 | 2,738.42 | 3,438.57 | 4,110.15 | 4,810.30 | 5,481.88 | 6,182.03 |
| Fibonacci | 2,733.66 | 3,257.66 | 3,581.39 | 4,105.39 | 4,629.39 | 4,953.12 | 5,477.12 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3,160.81 | 3,549.67 | 4,088.52 | 4,477.38 | 5,016.23 | 5,405.09 | 5,943.94 |
| Camarilla | 4,372.24 | 4,457.28 | 4,542.32 | 4,627.36 | 4,712.40 | 4,797.44 | 4,882.48 |
| Woodie | 3,235.80 | 3,587.17 | 4,163.51 | 4,514.88 | 5,091.22 | 5,442.59 | 6,018.93 |
| Fibonacci | 3,549.67 | 3,904.06 | 4,123.00 | 4,477.38 | 4,831.77 | 5,050.71 | 5,405.09 |
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): | 43.28 | |
| MACD (12,26,9): | -49.3500 | |
| Directional Movement: | -8.79 | |
| AROON (14): | -71.43 | |
| DEMA (21): | 4,075.06 | |
| Parabolic SAR (0,02-0,02-0,2): | 4,176.10 | |
| Elder Ray (13): | -3.56 | |
| Super Trend (3,10): | 4,220.18 | |
| Zig ZAG (10): | 4,113.93 | |
| VORTEX (21): | 0.8900 | |
| Stochastique (14,3,5): | 42.56 | |
| TEMA (21): | 4,063.00 | |
| Williams %R (14): | -48.64 | |
| Chande Momentum Oscillator (20): | 6.88 | |
| Repulse (5,40,3): | 0.6700 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.1900 | |
| Courbe Coppock: | 2.61 |
| MA7: | 4,235.82 | |
| MA20: | 4,298.93 | |
| MA50: | 4,361.90 | |
| MA100: | 3,909.21 | |
| MAexp7: | 4,098.92 | |
| MAexp20: | 4,142.88 | |
| MAexp50: | 4,217.13 | |
| MAexp100: | 4,252.23 | |
| Price / MA7: | -3.16% | |
| Price / MA20: | -4.58% | |
| Price / MA50: | -5.96% | |
| Price / MA100: | +4.93% | |
| Price / MAexp7: | +0.07% | |
| Price / MAexp20: | -0.99% | |
| Price / MAexp50: | -2.73% | |
| Price / MAexp100: | -3.54% |
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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