ETHEREUM - ETH/USD

- USD (-)

- Real time data - Cryptocompare

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Type:	Cryptocurrencies
Ticker:	ETHUSD
ISIN:

ETHEREUM - ETH/USD - Daily - Technical analysis published on 06/13/2022 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

17%

67%

17%

My opinion

Bearish under 1,442.12 USD

My targets

943.80 USD (-20.18%)

476.13 USD (-59.73%)

My analysis

The bearish trend is currently very strong for ETHEREUM - ETH/USD. As long as the price remains below the resistance at 1,442.12 USD, you could try to take advantage of the bearish rally. The first bearish objective is located at 943.80 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 476.13 USD as an objective. Crossing it would then enable sellers to target 121.42 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, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.

Force

7.7

Comment on the analysis

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 Gstar99. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The ETHEREUM - ETH/USD rating is 1,182.44 USD. The price registered a decrease of -17.55% on the session and was between 1,166.32 USD and 1,452.35 USD. This implies that the price is at +1.38% from its lowest and at -18.58% from its highest.

1,166.32

1,452.35

1,182.44

The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.

Bearish opening

Type : Bearish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by ETHEREUM - ETH/USD:

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

New LOW record (1 year)

Type : Bearish

Timeframe : Weekly

New LOW record (1st january)

Type : Bearish

Timeframe : Weekly

New LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

A technical analysis in Daily of this ETHEREUM - ETH/USD chart shows a sharp bearish trend. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

In fact, 12 technical indicators on 18 studied are currently positioned bearish. Caution: the Central Indicators scanner currently detects an excess:

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

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is under support 3

Type : Neutral

Timeframe : Daily

Pivot points : price is under support 3

Type : Neutral

Timeframe : Weekly

The analysis of the price chart with Central Patterns scanners does not return any result.

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S2	S1	Price	R1	R2	R3
ProTrendLines	121.42	476.13	1,182.44	1,790.53	2,412.93	2,970.19
Change (%)	-89.73%	-59.73%	-	+51.43%	+104.06%	+151.19%
Change	-1,061.02	-706.31	-	+608.09	+1,230.49	+1,787.75
Level	Minor	Minor	-	Major	Minor	Intermediate

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1,274.34	1,350.13	1,392.16	1,467.95	1,509.98	1,585.77	1,627.80
Camarilla	1,401.78	1,412.58	1,423.38	1,434.18	1,444.98	1,455.78	1,466.58
Woodie	1,257.45	1,341.69	1,375.27	1,459.51	1,493.09	1,577.33	1,610.91
Fibonacci	1,350.13	1,395.14	1,422.95	1,467.95	1,512.96	1,540.77	1,585.77

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	962.87	1,231.45	1,380.68	1,649.26	1,798.49	2,067.07	2,216.30
Camarilla	1,415.01	1,453.31	1,491.61	1,529.91	1,568.21	1,606.51	1,644.81
Woodie	903.20	1,201.61	1,321.01	1,619.42	1,738.82	2,037.23	2,156.63
Fibonacci	1,231.45	1,391.05	1,489.66	1,649.26	1,808.86	1,907.47	2,067.07

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	181.76	943.80	1,442.12	2,204.16	2,702.48	3,464.52	3,962.84
Camarilla	1,593.84	1,709.37	1,824.91	1,940.44	2,055.97	2,171.51	2,287.04
Woodie	49.90	877.87	1,310.26	2,138.23	2,570.62	3,398.59	3,830.98
Fibonacci	943.80	1,425.26	1,722.70	2,204.16	2,685.62	2,983.06	3,464.52

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):	21.09
MACD (12,26,9):	-184.9200
Directional Movement:	-36.44
AROON (14):	-92.86
DEMA (21):	1,502.27
Parabolic SAR (0,02-0,02-0,2):	1,908.19
Elder Ray (13):	-339.06
Super Trend (3,10):	1,720.29
Zig ZAG (10):	1,187.09
VORTEX (21):	0.6900
Stochastique (14,3,5):	3.07
TEMA (21):	1,484.30
Williams %R (14):	-97.99
Chande Momentum Oscillator (20):	-633.48
Repulse (5,40,3):	-43.0700
ROCnROLL:	2
TRIX (15,9):	-1.0500
Courbe Coppock:	30.61

MA7:	1,599.79
MA20:	1,754.92
MA50:	2,140.69
MA100:	2,578.40
MAexp7:	1,527.96
MAexp20:	1,743.88
MAexp50:	2,078.08
MAexp100:	2,428.99
Price / MA7:	-26.09%
Price / MA20:	-32.62%
Price / MA50:	-44.76%
Price / MA100:	-54.14%
Price / MAexp7:	-22.61%
Price / MAexp20:	-32.19%
Price / MAexp50:	-43.10%
Price / MAexp100:	-51.32%

Quotes : - Real time data - Cryptocompare

This member declared not having a position on this financial instrument or a related financial instrument.

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