ETHEREUM - ETH/USD - Daily - Technical analysis published on 01/17/2022 (GMT)
- 248
- 0
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
22%
33%
44%
My opinion
Bearish under 3,956.27 USD
My targets
3,080.07 USD (-5.83%)
2,763.12 USD (-15.52%)
My analysis
ETHEREUM - ETH/USD is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 3,956.27 USD. The next support located at 3,080.07 USD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 2,763.12 USD. Below this support, sellers could then target 2,323.69 USD. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
6.4
Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.
This analysis was given by stein82. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The ETHEREUM - ETH/USD price is 3,270.71 USD. The price registered a decrease of -2.36% on the session and was between 3,240.41 USD and 3,359.11 USD. This implies that the price is at +0.94% from its lowest and at -2.63% from its highest.3,240.41
3,359.11
3,270.71
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. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, of the 18 technical indicators analysed by Central Analyzer, 4 are bullish, 8 are neutral and 6 are bearish. Central Indicators, the scanner specialised in technical indicators, has identified this signal:
Pivot points : price is under support 1
Type : Neutral
Timeframe : Daily
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 2,323.69 | 2,763.12 | 3,080.07 | 3,270.71 | 3,323.33 | 4,176.00 | 4,423.05 |
| Change (%) | -28.95% | -15.52% | -5.83% | - | +1.61% | +27.68% | +35.23% |
| Change | -947.02 | -507.59 | -190.64 | - | +52.62 | +905.29 | +1,152.34 |
| Level | Minor | Major | 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 | 3,172.57 | 3,224.29 | 3,286.95 | 3,338.67 | 3,401.33 | 3,453.05 | 3,515.71 |
| Camarilla | 3,318.15 | 3,328.63 | 3,339.12 | 3,349.60 | 3,360.09 | 3,370.57 | 3,381.06 |
| Woodie | 3,178.03 | 3,227.03 | 3,292.41 | 3,341.41 | 3,406.79 | 3,455.79 | 3,521.17 |
| Fibonacci | 3,224.29 | 3,267.99 | 3,294.98 | 3,338.67 | 3,382.37 | 3,409.36 | 3,453.05 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2,554.23 | 2,742.40 | 3,035.45 | 3,223.62 | 3,516.67 | 3,704.84 | 3,997.89 |
| Camarilla | 3,196.16 | 3,240.27 | 3,284.38 | 3,328.49 | 3,372.60 | 3,416.71 | 3,460.83 |
| Woodie | 2,606.66 | 2,768.62 | 3,087.88 | 3,249.84 | 3,569.10 | 3,731.06 | 4,050.32 |
| Fibonacci | 2,742.40 | 2,926.23 | 3,039.80 | 3,223.62 | 3,407.45 | 3,521.02 | 3,704.84 |
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 technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 39.32 | |
| MACD (12,26,9): | -173.9700 | |
| Directional Movement: | -14.07 | |
| AROON (14): | -42.86 | |
| DEMA (21): | 3,204.24 | |
| Parabolic SAR (0,02-0,02-0,2): | 3,390.40 | |
| Elder Ray (13): | -54.57 | |
| Super Trend (3,10): | 3,716.56 | |
| Zig ZAG (10): | 3,264.10 | |
| VORTEX (21): | 0.8100 | |
| Stochastique (14,3,5): | 40.12 | |
| TEMA (21): | 3,174.35 | |
| Williams %R (14): | -64.57 | |
| Chande Momentum Oscillator (20): | -267.23 | |
| Repulse (5,40,3): | -1.2300 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.7400 | |
| Courbe Coppock: | 23.16 |
| MA7: | 3,301.75 | |
| MA20: | 3,435.94 | |
| MA50: | 3,845.20 | |
| MA100: | 4,035.47 | |
| MAexp7: | 3,302.58 | |
| MAexp20: | 3,442.67 | |
| MAexp50: | 3,711.47 | |
| MAexp100: | 3,772.81 | |
| Price / MA7: | -0.94% | |
| Price / MA20: | -4.81% | |
| Price / MA50: | -14.94% | |
| Price / MA100: | -18.95% | |
| Price / MAexp7: | -0.97% | |
| Price / MAexp20: | -5.00% | |
| Price / MAexp50: | -11.88% | |
| Price / MAexp100: | -13.32% |
Quotes :
-
Real time data
-
Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
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…
Add a comment
Comments
0 comments on the analysis ETHEREUM - ETH/USD - Daily