ETHEREUM - ETH/USD - 1H - Technical analysis published on 04/29/2022 (GMT)
- 198
- 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 : 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
17%
67%
17%
My opinion
Bearish under 2,918.28 USD
My targets
2,799.58 USD (-2.10%)
2,768.51 USD (-3.19%)
My analysis
The bearish trend is currently very strong for ETHEREUM - ETH/USD. As long as the price remains below the resistance at 2,918.28 USD, you could try to take advantage of the bearish rally. The first bearish objective is located at 2,799.58 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 2,768.51 USD as an objective. Crossing it would then enable sellers to target 2,412.93 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, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
Force
0
10
7
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 Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The ETHEREUM - ETH/USD rating is 2,859.61 USD. The price is lower by -2.62% since the last closing with the lowest point at 2,834.52 USD and the highest point at 2,945.57 USD. The deviation from the price is +0.89% for the low point and -2.92% for the high point.2,834.52
2,945.57
2,859.61
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of ETHEREUM - ETH/USD in 1H shows a overall strongly bearish trend. The signals given by moving averages are 85.71% bearish. This strong bearish trend is confirmed by the strong 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.
In fact, 12 technical indicators on 18 studied are currently bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:
Bearish harami
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 2,768.51 | 2,799.58 | 2,855.69 | 2,859.61 | 2,918.28 | 2,979.35 | 3,033.68 |
| Change (%) | -3.19% | -2.10% | -0.14% | - | +2.05% | +4.19% | +6.09% |
| Change | -91.10 | -60.03 | -3.92 | - | +58.67 | +119.74 | +174.07 |
| Level | Minor | Minor | Minor | - | Intermediate | Major | 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 | 2,744.13 | 2,799.91 | 2,868.18 | 2,923.96 | 2,992.23 | 3,048.01 | 3,116.28 |
| Camarilla | 2,902.34 | 2,913.71 | 2,925.08 | 2,936.45 | 2,947.82 | 2,959.19 | 2,970.56 |
| Woodie | 2,750.38 | 2,803.03 | 2,874.43 | 2,927.08 | 2,998.48 | 3,051.13 | 3,122.53 |
| Fibonacci | 2,799.91 | 2,847.30 | 2,876.57 | 2,923.96 | 2,971.35 | 3,000.62 | 3,048.01 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2,526.57 | 2,705.93 | 2,819.65 | 2,999.01 | 3,112.73 | 3,292.09 | 3,405.81 |
| Camarilla | 2,852.76 | 2,879.63 | 2,906.49 | 2,933.36 | 2,960.23 | 2,987.09 | 3,013.96 |
| Woodie | 2,493.74 | 2,689.52 | 2,786.82 | 2,982.60 | 3,079.90 | 3,275.68 | 3,372.98 |
| Fibonacci | 2,705.93 | 2,817.89 | 2,887.06 | 2,999.01 | 3,110.97 | 3,180.14 | 3,292.09 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,697.81 | 2,094.88 | 2,688.72 | 3,085.79 | 3,679.63 | 4,076.70 | 4,670.54 |
| Camarilla | 3,010.07 | 3,100.90 | 3,191.74 | 3,282.57 | 3,373.40 | 3,464.24 | 3,555.07 |
| Woodie | 1,796.21 | 2,144.07 | 2,787.12 | 3,134.98 | 3,778.03 | 4,125.89 | 4,768.94 |
| Fibonacci | 2,094.88 | 2,473.40 | 2,707.26 | 3,085.79 | 3,464.31 | 3,698.17 | 4,076.70 |
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): | 39.17 | |
| MACD (12,26,9): | -13.2300 | |
| Directional Movement: | -15.78 | |
| AROON (14): | -85.72 | |
| DEMA (21): | 2,884.65 | |
| Parabolic SAR (0,02-0,02-0,2): | 2,925.09 | |
| Elder Ray (13): | -28.04 | |
| Super Trend (3,10): | 2,930.29 | |
| Zig ZAG (10): | 2,860.64 | |
| VORTEX (21): | 0.9600 | |
| Stochastique (14,3,5): | 13.97 | |
| TEMA (21): | 2,864.18 | |
| Williams %R (14): | -84.49 | |
| Chande Momentum Oscillator (20): | -78.87 | |
| Repulse (5,40,3): | -0.8800 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0100 | |
| Courbe Coppock: | 4.36 |
| MA7: | 2,907.19 | |
| MA20: | 2,999.02 | |
| MA50: | 3,046.91 | |
| MA100: | 2,904.29 | |
| MAexp7: | 2,870.84 | |
| MAexp20: | 2,897.21 | |
| MAexp50: | 2,902.59 | |
| MAexp100: | 2,911.08 | |
| Price / MA7: | -1.64% | |
| Price / MA20: | -4.65% | |
| Price / MA50: | -6.15% | |
| Price / MA100: | -1.54% | |
| Price / MAexp7: | -0.39% | |
| Price / MAexp20: | -1.30% | |
| Price / MAexp50: | -1.48% | |
| Price / MAexp100: | -1.77% |
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 - 1H