ETHEREUM - ETH/USD - 1H - Technical analysis published on 08/17/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
11%
72%
17%
My opinion
Bearish under 1,915.13 USD
My targets
1,856.55 USD (-1.08%)
1,790.53 USD (-4.60%)
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 1,915.13 USD. The next support located at 1,856.55 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 1,790.53 USD. Below this support, sellers could then target 1,715.89 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 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
8
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
ETHEREUM - ETH/USD rating 1,876.83 USD. The price registered a decrease of -0.02% on the session with the lowest point at 1,870.22 USD and the highest point at 1,956.65 USD. The deviation from the price is +0.35% for the low point and -4.08% for the high point.1,870.22
1,956.65
1,876.83
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
Here is a more detailed summary of the historical variations registered by ETHEREUM - ETH/USD:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this ETHEREUM - ETH/USD chart shows a sharp 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. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:
Bearish trend reversal : Moving Average 20
Type : Bearish
Timeframe : 1 hour
The probability of a further decline is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
MACD indicator is back under 0
Type : Bearish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1,715.89 | 1,790.53 | 1,856.55 | 1,876.83 | 1,915.13 | 1,966.77 | 1,997.21 |
| Change (%) | -8.58% | -4.60% | -1.08% | - | +2.04% | +4.79% | +6.41% |
| Change | -160.94 | -86.30 | -20.28 | - | +38.30 | +89.94 | +120.38 |
| Level | Minor | Major | Major | - | Major | Minor | Minor |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,789.66 | 1,822.05 | 1,849.61 | 1,882.00 | 1,909.56 | 1,941.95 | 1,969.51 |
| Camarilla | 1,860.67 | 1,866.17 | 1,871.67 | 1,877.16 | 1,882.66 | 1,888.15 | 1,893.65 |
| Woodie | 1,787.24 | 1,820.84 | 1,847.19 | 1,880.79 | 1,907.14 | 1,940.74 | 1,967.09 |
| Fibonacci | 1,822.05 | 1,844.95 | 1,859.10 | 1,882.00 | 1,904.90 | 1,919.05 | 1,941.95 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,394.55 | 1,526.75 | 1,755.56 | 1,887.76 | 2,116.57 | 2,248.77 | 2,477.58 |
| Camarilla | 1,885.10 | 1,918.20 | 1,951.29 | 1,984.38 | 2,017.47 | 2,050.57 | 2,083.66 |
| Woodie | 1,442.87 | 1,550.90 | 1,803.88 | 1,911.91 | 2,164.89 | 2,272.92 | 2,525.90 |
| Fibonacci | 1,526.75 | 1,664.65 | 1,749.85 | 1,887.76 | 2,025.66 | 2,110.86 | 2,248.77 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 431.01 | 722.89 | 1,201.89 | 1,493.77 | 1,972.77 | 2,264.65 | 2,743.65 |
| Camarilla | 1,468.89 | 1,539.55 | 1,610.22 | 1,680.88 | 1,751.54 | 1,822.21 | 1,892.87 |
| Woodie | 524.56 | 769.67 | 1,295.44 | 1,540.55 | 2,066.32 | 2,311.43 | 2,837.20 |
| Fibonacci | 722.89 | 1,017.37 | 1,199.30 | 1,493.77 | 1,788.25 | 1,970.18 | 2,264.65 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 44.87 | |
| MACD (12,26,9): | -0.6000 | |
| Directional Movement: | -2.06 | |
| AROON (14): | 64.29 | |
| DEMA (21): | 1,891.29 | |
| Parabolic SAR (0,02-0,02-0,2): | 1,954.92 | |
| Elder Ray (13): | -12.67 | |
| Super Trend (3,10): | 1,940.30 | |
| Zig ZAG (10): | 1,878.49 | |
| VORTEX (21): | 1.0100 | |
| Stochastique (14,3,5): | 15.79 | |
| TEMA (21): | 1,894.82 | |
| Williams %R (14): | -92.75 | |
| Chande Momentum Oscillator (20): | -1.06 | |
| Repulse (5,40,3): | -1.2700 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0100 | |
| Courbe Coppock: | 1.54 |
| MA7: | 1,916.40 | |
| MA20: | 1,773.47 | |
| MA50: | 1,493.22 | |
| MA100: | 1,574.57 | |
| MAexp7: | 1,889.67 | |
| MAexp20: | 1,892.02 | |
| MAexp50: | 1,899.22 | |
| MAexp100: | 1,904.56 | |
| Price / MA7: | -2.06% | |
| Price / MA20: | +5.83% | |
| Price / MA50: | +25.69% | |
| Price / MA100: | +19.20% | |
| Price / MAexp7: | -0.68% | |
| Price / MAexp20: | -0.80% | |
| Price / MAexp50: | -1.18% | |
| Price / MAexp100: | -1.46% |
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.
About author
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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…
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