ETHEREUM - ETH/USD - 1H - Technical analysis published on 09/13/2022 (GMT)
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- 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
44%
17%
39%
My opinion
Bearish under 1,744.74 USD
My targets
1,694.70 USD (-1.28%)
1,655.23 USD (-3.58%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on ETHEREUM - ETH/USD as long as the price remains well below 1,744.74 USD. The sellers' bearish objective is set at 1,694.70 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 1,655.23 USD. In case of crossing, the next objective would be the support located at 1,596.63 USD. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
In the very short term, the general bearish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bearish direction is still favored, however the current short term correction should be carefully watched.
Force
0
10
4.1
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Additional analysis
Quotes
The ETHEREUM - ETH/USD rating is 1,716.70 USD. On the day, this instrument lost -0.01% and was traded between 1,676.76 USD and 1,729.46 USD over the period. The price is currently at +2.38% from its lowest and -0.74% from its highest.1,676.76
1,729.46
1,716.70
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
A technical analysis in 1H of this ETHEREUM - ETH/USD chart shows a sharp bearish trend. 82.14% 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, only 8 technical indicators out of 18 studied are currently positioned bullish. No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near resistance of triangle
Type : Bearish
Timeframe : 1 hour
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects these bullish signals that could support the hypothesis of a small rebound in the very short term:
Bullish harami
Type : Bullish
Timeframe : 1 hour
Bullish harami cross
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1,596.63 | 1,655.23 | 1,694.70 | 1,716.70 | 1,717.41 | 1,744.74 | 1,788.45 |
| Change (%) | -6.99% | -3.58% | -1.28% | - | +0.04% | +1.63% | +4.18% |
| Change | -120.07 | -61.47 | -22.00 | - | +0.71 | +28.04 | +71.75 |
| Level | Minor | Minor | Major | - | Intermediate | Minor | Intermediate |
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 | 1,591.78 | 1,642.96 | 1,679.94 | 1,731.12 | 1,768.10 | 1,819.28 | 1,856.26 |
| Camarilla | 1,692.67 | 1,700.75 | 1,708.83 | 1,716.91 | 1,724.99 | 1,733.07 | 1,741.15 |
| Woodie | 1,584.67 | 1,639.41 | 1,672.83 | 1,727.57 | 1,760.99 | 1,815.73 | 1,849.15 |
| Fibonacci | 1,642.96 | 1,676.64 | 1,697.45 | 1,731.12 | 1,764.80 | 1,785.61 | 1,819.28 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,285.26 | 1,388.73 | 1,581.71 | 1,685.18 | 1,878.16 | 1,981.63 | 2,174.61 |
| Camarilla | 1,693.16 | 1,720.33 | 1,747.51 | 1,774.68 | 1,801.86 | 1,829.03 | 1,856.20 |
| Woodie | 1,330.01 | 1,411.11 | 1,626.46 | 1,707.56 | 1,922.91 | 2,004.01 | 2,219.36 |
| Fibonacci | 1,388.73 | 1,501.98 | 1,571.94 | 1,685.18 | 1,798.43 | 1,868.39 | 1,981.63 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 701.98 | 1,062.52 | 1,308.51 | 1,669.05 | 1,915.04 | 2,275.58 | 2,521.57 |
| Camarilla | 1,387.69 | 1,443.29 | 1,498.89 | 1,554.49 | 1,610.09 | 1,665.69 | 1,721.29 |
| Woodie | 644.70 | 1,033.88 | 1,251.23 | 1,640.41 | 1,857.76 | 2,246.94 | 2,464.29 |
| Fibonacci | 1,062.52 | 1,294.22 | 1,437.36 | 1,669.05 | 1,900.75 | 2,043.89 | 2,275.58 |
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): | 45.38 | |
| MACD (12,26,9): | -8.1200 | |
| Directional Movement: | -13.80 | |
| AROON (14): | -50.00 | |
| DEMA (21): | 1,707.05 | |
| Parabolic SAR (0,02-0,02-0,2): | 1,680.67 | |
| Elder Ray (13): | -6.14 | |
| Super Trend (3,10): | 1,746.58 | |
| Zig ZAG (10): | 1,711.53 | |
| VORTEX (21): | 0.8900 | |
| Stochastique (14,3,5): | 65.37 | |
| TEMA (21): | 1,705.02 | |
| Williams %R (14): | -38.34 | |
| Chande Momentum Oscillator (20): | -14.15 | |
| Repulse (5,40,3): | 0.0500 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0800 | |
| Courbe Coppock: | 1.85 |
| MA7: | 1,708.36 | |
| MA20: | 1,609.05 | |
| MA50: | 1,680.37 | |
| MA100: | 1,486.38 | |
| MAexp7: | 1,712.46 | |
| MAexp20: | 1,718.15 | |
| MAexp50: | 1,728.18 | |
| MAexp100: | 1,717.09 | |
| Price / MA7: | +0.49% | |
| Price / MA20: | +6.69% | |
| Price / MA50: | +2.16% | |
| Price / MA100: | +15.50% | |
| Price / MAexp7: | +0.25% | |
| Price / MAexp20: | -0.08% | |
| Price / MAexp50: | -0.66% | |
| Price / MAexp100: | -0.02% |
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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