ETHEREUM - ETH/USD - Daily - Technical analysis published on 01/22/2022 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
17%
61%
22%
My opinion
Bearish under 2,507.38 USD
My targets
2,150.13 USD (-8.47%)
1,790.53 USD (-23.78%)
My analysis
The bearish trend is currently very strong for ETHEREUM - ETH/USD. As long as the price remains below the resistance at 2,507.38 USD, you could try to take advantage of the bearish rally. The first bearish objective is located at 2,150.13 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 1,790.53 USD as an objective. Crossing it would then enable sellers to target 311.86 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.
Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.
Force
0
10
7.5
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This analysis was given by sebanja. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The ETHEREUM - ETH/USD price is 2,349.02 USD. The price registered a decrease of -8.67% on the session and was between 2,303.92 USD and 2,625.30 USD. This implies that the price is at +1.96% from its lowest and at -10.52% from its highest.2,303.92
2,625.30
2,349.02
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
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 Daily shows a overall strongly bearish trend. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
The probability of a further decline is moderate given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:
RSI indicator is oversold : under 30
Type : Neutral
Timeframe : Daily
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 1
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near horizontal resistance
Type : Bearish
Timeframe : Daily
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S2
S1
R1
R2
R3
Price
| S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 311.86 | 1,790.53 | 2,349.02 | 2,507.38 | 2,763.12 | 3,080.07 |
| Change (%) | -86.72% | -23.78% | - | +6.74% | +17.63% | +31.12% |
| Change | -2,037.16 | -558.49 | - | +158.36 | +414.10 | +731.05 |
| Level | Minor | Intermediate | - | Minor | Major | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,798.46 | 2,137.74 | 2,354.80 | 2,694.08 | 2,911.14 | 3,250.42 | 3,467.48 |
| Camarilla | 2,418.88 | 2,469.87 | 2,520.87 | 2,571.87 | 2,622.87 | 2,673.87 | 2,724.86 |
| Woodie | 1,737.36 | 2,107.19 | 2,293.70 | 2,663.53 | 2,850.04 | 3,219.87 | 3,406.38 |
| Fibonacci | 2,137.74 | 2,350.26 | 2,481.56 | 2,694.08 | 2,906.60 | 3,037.90 | 3,250.42 |
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 | 2,150.13 | 2,780.06 | 3,228.57 | 3,858.50 | 4,307.01 | 4,936.94 | 5,385.45 |
| Camarilla | 3,380.50 | 3,479.36 | 3,578.21 | 3,677.07 | 3,775.93 | 3,874.78 | 3,973.64 |
| Woodie | 2,059.41 | 2,734.71 | 3,137.85 | 3,813.15 | 4,216.29 | 4,891.59 | 5,294.73 |
| Fibonacci | 2,780.06 | 3,192.03 | 3,446.54 | 3,858.50 | 4,270.47 | 4,524.98 | 4,936.94 |
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): | 21.44 | |
| MACD (12,26,9): | -272.2700 | |
| Directional Movement: | -29.80 | |
| AROON (14): | -64.29 | |
| DEMA (21): | 2,847.06 | |
| Parabolic SAR (0,02-0,02-0,2): | 3,272.28 | |
| Elder Ray (13): | -574.48 | |
| Super Trend (3,10): | 3,178.67 | |
| Zig ZAG (10): | 2,373.13 | |
| VORTEX (21): | 0.7100 | |
| Stochastique (14,3,5): | 10.29 | |
| TEMA (21): | 2,735.08 | |
| Williams %R (14): | -94.37 | |
| Chande Momentum Oscillator (20): | -718.26 | |
| Repulse (5,40,3): | -29.4300 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.8500 | |
| Courbe Coppock: | 26.63 |
| MA7: | 2,962.36 | |
| MA20: | 3,213.02 | |
| MA50: | 3,680.38 | |
| MA100: | 3,998.57 | |
| MAexp7: | 2,848.86 | |
| MAexp20: | 3,186.12 | |
| MAexp50: | 3,549.06 | |
| MAexp100: | 3,678.13 | |
| Price / MA7: | -20.70% | |
| Price / MA20: | -26.89% | |
| Price / MA50: | -36.17% | |
| Price / MA100: | -41.25% | |
| Price / MAexp7: | -17.55% | |
| Price / MAexp20: | -26.27% | |
| Price / MAexp50: | -33.81% | |
| Price / MAexp100: | -36.14% |
Quotes :
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Real time data
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Cryptocompare
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