ETHEREUM - ETH/USD - Weekly - Technical analysis published on 01/08/2022 (GMT)
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- Timeframe : Weekly
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bullish
Technical indicators
17%
50%
33%
My opinion
Bullish above 2,763.12 USD
My targets
3,956.27 USD (+29.02%)
4,176.00 USD (+36.19%)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on ETHEREUM - ETH/USD. As long as you are above the support located at 2,763.12 USD, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 3,956.27 USD would be a signal that the basic trade will reverse and the short-term trend could then quickly become bullish. Buyers would then use the next resistance located at 4,176.00 USD as an objective. Crossing it would then enable buyers to target 4,811.25 USD. If the support 2,763.12 USD were to be broken, this would simply be a sign of a possible continuation of short-term consolidation and trading against the trend would then perhaps be more risky.
Technical indicators are opposing the general bullish 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
1.4
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This analysis was given by Sharkyboy1. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
ETHEREUM - ETH/USD rating 3,066.30 USD. The price is lower by -19.97% over the 5 days and has been traded over the last 5 days between 3,299.79 USD and 3,890.21 USD. This implies that the 5 day price is -7.08% from its lowest point and -21.18% from its highest point.3,299.79
3,890.21
3,066.30
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by ETHEREUM - ETH/USD:
New LOW record (1st january)
Type : Bearish
Timeframe : Weekly
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of ETHEREUM - ETH/USD in Weekly shows an overall bullish trend. 71.43% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : Weekly
In fact, only 9 technical indicators out of 18 studied are currently bearish. Other results related to technical indicators were also found by the Central Indicators scanner:
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
Williams %R indicator is back under -50
Type : Bearish
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Support of channel is broken
Type : Bearish
Timeframe : Weekly
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 | 311.86 | 1,790.53 | 2,763.12 | 3,066.30 | 4,176.00 | 4,811.25 |
| Change (%) | -89.83% | -41.61% | -9.89% | - | +36.19% | +56.91% |
| Change | -2,754.44 | -1,275.77 | -303.18 | - | +1,109.70 | +1,744.95 |
| Level | Minor | Intermediate | Major | - | Intermediate | 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 | 2,720.09 | 2,899.14 | 3,047.76 | 3,226.81 | 3,375.43 | 3,554.48 | 3,703.10 |
| Camarilla | 3,106.27 | 3,136.31 | 3,166.34 | 3,196.38 | 3,226.42 | 3,256.45 | 3,286.49 |
| Woodie | 2,704.88 | 2,891.53 | 3,032.55 | 3,219.20 | 3,360.22 | 3,546.87 | 3,687.89 |
| Fibonacci | 2,899.14 | 3,024.31 | 3,101.64 | 3,226.81 | 3,351.98 | 3,429.31 | 3,554.48 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2,986.19 | 3,286.86 | 3,526.81 | 3,827.48 | 4,067.43 | 4,368.10 | 4,608.05 |
| Camarilla | 3,618.10 | 3,667.66 | 3,717.21 | 3,766.77 | 3,816.33 | 3,865.88 | 3,915.44 |
| Woodie | 2,955.84 | 3,271.68 | 3,496.46 | 3,812.30 | 4,037.08 | 4,352.92 | 4,577.70 |
| Fibonacci | 3,286.86 | 3,493.37 | 3,620.96 | 3,827.48 | 4,033.99 | 4,161.58 | 4,368.10 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,759.07 | 2,584.54 | 3,130.80 | 3,956.27 | 4,502.53 | 5,328.00 | 5,874.26 |
| Camarilla | 3,299.84 | 3,425.59 | 3,551.33 | 3,677.07 | 3,802.81 | 3,928.55 | 4,054.30 |
| Woodie | 1,619.48 | 2,514.74 | 2,991.21 | 3,886.47 | 4,362.94 | 5,258.20 | 5,734.67 |
| Fibonacci | 2,584.54 | 3,108.54 | 3,432.27 | 3,956.27 | 4,480.27 | 4,804.00 | 5,328.00 |
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): | 43.18 | |
| MACD (12,26,9): | 277.4100 | |
| Directional Movement: | -8.76 | |
| AROON (14): | 42.86 | |
| DEMA (21): | 4,142.94 | |
| Parabolic SAR (0,02-0,02-0,2): | 4,726.33 | |
| Elder Ray (13): | -372.27 | |
| Super Trend (3,10): | 2,950.26 | |
| Zig ZAG (10): | 3,045.56 | |
| VORTEX (21): | 1.0100 | |
| Stochastique (14,3,5): | 38.62 | |
| TEMA (21): | 4,003.20 | |
| Williams %R (14): | -97.48 | |
| Chande Momentum Oscillator (20): | -776.16 | |
| Repulse (5,40,3): | -37.0400 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 2.0600 | |
| Courbe Coppock: | 28.60 |
| MA7: | 3,510.46 | |
| MA20: | 3,771.20 | |
| MA50: | 4,024.40 | |
| MA100: | 4,054.81 | |
| MAexp7: | 3,775.68 | |
| MAexp20: | 3,695.71 | |
| MAexp50: | 2,951.48 | |
| MAexp100: | 2,117.96 | |
| Price / MA7: | -12.65% | |
| Price / MA20: | -18.69% | |
| Price / MA50: | -23.81% | |
| Price / MA100: | -24.38% | |
| Price / MAexp7: | -18.79% | |
| Price / MAexp20: | -17.03% | |
| Price / MAexp50: | +3.89% | |
| Price / MAexp100: | +44.78% |
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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