ETHEREUM - ETH/USD - Daily - Technical analysis published on 12/16/2021 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Neutral
Technical indicators
22%
56%
22%
My opinion
Bearish under 4,176.00 USD
My targets
3,549.67 USD (-11.68%)
3,323.33 USD (-17.31%)
My analysis
The current short-term bearish acceleration registered on ETHEREUM - ETH/USD should quickly allow the basic trend to return to a bearish trend. To avoid contradicting the short term, traders could favour short positions (for sale) as long as the price remains well below 4,176.00 USD. Short-term sellers will use the support located at 3,549.67 USD as an objective. A bearish break of this support would revive the bearish momentum. The next bearish objective would then be set at 3,323.33 USD. Crossing this support would then open the door for sellers to target 2,763.12 USD. Caution, if there is a return to below 4,176.00 USD, it should not be forgotten that the basic trend is not yet clearly defined. Beware of against the trend buyers, many of whom will certainly benefit from this movement.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
2.9
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This analysis was given by Sharkyboy1. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The ETHEREUM - ETH/USD price is 4,018.89 USD. The price has increased by +4.07% since the last closing and was between 3,651.90 USD and 4,093.14 USD. This implies that the price is at +10.05% from its lowest and at -1.81% from its highest.3,651.90
4,093.14
4,018.89
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by ETHEREUM - ETH/USD:
Technical
Technical analysis of ETHEREUM - ETH/USD in Daily shows a neutral overall trend. The trend could quickly turn bearish due to the strong bearish signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
CCI indicator: bullish divergence
Type : Bullish
Timeframe : Daily
RSI indicator: bullish divergence
Type : Bullish
Timeframe : Daily
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Daily
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Horizontal resistance is broken
Type : Bullish
Timeframe : Daily
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 2,763.12 | 3,323.33 | 3,946.75 | 4,018.89 | 4,176.00 | 4,811.25 |
| Change (%) | -31.25% | -17.31% | -1.80% | - | +3.91% | +19.72% |
| Change | -1,255.77 | -695.56 | -72.14 | - | +157.11 | +792.36 |
| Level | Major | Intermediate | Minor | - | Intermediate | Major |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3,545.50 | 3,616.97 | 3,739.41 | 3,810.88 | 3,933.32 | 4,004.79 | 4,127.23 |
| Camarilla | 3,808.54 | 3,826.31 | 3,844.09 | 3,861.86 | 3,879.64 | 3,897.41 | 3,915.19 |
| Woodie | 3,571.00 | 3,629.71 | 3,764.91 | 3,823.62 | 3,958.82 | 4,017.53 | 4,152.73 |
| Fibonacci | 3,616.97 | 3,691.04 | 3,736.80 | 3,810.88 | 3,884.95 | 3,930.71 | 4,004.79 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3,131.18 | 3,483.72 | 3,783.36 | 4,135.90 | 4,435.54 | 4,788.08 | 5,087.72 |
| Camarilla | 3,903.65 | 3,963.43 | 4,023.22 | 4,083.00 | 4,142.78 | 4,202.57 | 4,262.35 |
| Woodie | 3,104.73 | 3,470.50 | 3,756.91 | 4,122.68 | 4,409.09 | 4,774.86 | 5,061.27 |
| Fibonacci | 3,483.72 | 3,732.85 | 3,886.77 | 4,135.90 | 4,385.03 | 4,538.95 | 4,788.08 |
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 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): | 45.84 | |
| MACD (12,26,9): | -101.8900 | |
| Directional Movement: | -13.07 | |
| AROON (14): | -21.43 | |
| DEMA (21): | 4,048.54 | |
| Parabolic SAR (0,02-0,02-0,2): | 4,508.39 | |
| Elder Ray (13): | -226.15 | |
| Super Trend (3,10): | 4,727.32 | |
| Zig ZAG (10): | 4,025.14 | |
| VORTEX (21): | 0.9300 | |
| Stochastique (14,3,5): | 36.69 | |
| TEMA (21): | 3,936.87 | |
| Williams %R (14): | -50.25 | |
| Chande Momentum Oscillator (20): | -192.89 | |
| Repulse (5,40,3): | 6.0800 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.2100 | |
| Courbe Coppock: | 15.87 |
| MA7: | 3,983.84 | |
| MA20: | 4,207.69 | |
| MA50: | 4,343.82 | |
| MA100: | 3,910.98 | |
| MAexp7: | 4,013.70 | |
| MAexp20: | 4,158.08 | |
| MAexp50: | 4,171.63 | |
| MAexp100: | 3,931.95 | |
| Price / MA7: | +0.88% | |
| Price / MA20: | -4.49% | |
| Price / MA50: | -7.48% | |
| Price / MA100: | +2.76% | |
| Price / MAexp7: | +0.13% | |
| Price / MAexp20: | -3.35% | |
| Price / MAexp50: | -3.66% | |
| Price / MAexp100: | +2.21% |
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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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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