ETHEREUM - ETH/USD - Daily - Technical analysis published on 05/11/2024 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Bearish
Technical indicators
22%
50%
28%
My opinion
Bearish under 3,267.96 USD
My targets
2,763.12 USD (-5.22%)
2,120.17 USD (-27.28%)
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 3,267.96 USD. The sellers' bearish objective is set at 2,763.12 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 2,120.17 USD. In case of crossing, the next objective would be the support located at 1,938.10 USD.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
5.2
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This analysis was given by KBPRASAD. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The ETHEREUM - ETH/USD rating is 2,915.43 USD. The price registered an increase of +0.20% on the session and was between 2,907.02 USD and 2,935.32 USD. This implies that the price is at +0.29% from its lowest and at -0.68% from its highest.2,907.02
2,935.32
2,915.43
The Central Gaps scanner detects a bullish opening. A small advantage for buyers 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
A technical analysis in Daily of this ETHEREUM - ETH/USD chart shows a bearish trend. 75.00% of the signals given by moving averages are bearish. The overall trend is reinforced by the strong bearish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
RSI indicator: bullish divergence
Type : Bullish
Timeframe : Daily
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near support of channel
Type : Bullish
Timeframe : Daily
Horizontal support is broken
Type : Bearish
Timeframe : Daily
For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of these bullish patterns in Japanese candlesticks:
Bullish harami
Type : Bullish
Timeframe : Daily
Bullish harami cross
Type : Bullish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1,938.10 | 2,120.17 | 2,763.12 | 2,915.43 | 2,974.24 | 3,267.96 | 3,521.87 |
| Change (%) | -33.52% | -27.28% | -5.22% | - | +2.02% | +12.09% | +20.80% |
| Change | -977.33 | -795.26 | -152.31 | - | +58.81 | +352.53 | +606.44 |
| Level | Minor | Major | Intermediate | - | Major | Intermediate | Minor |
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 | 2,667.80 | 2,773.50 | 2,841.52 | 2,947.22 | 3,015.24 | 3,120.94 | 3,188.96 |
| Camarilla | 2,861.76 | 2,877.68 | 2,893.61 | 2,909.53 | 2,925.45 | 2,941.38 | 2,957.30 |
| Woodie | 2,648.95 | 2,764.08 | 2,822.67 | 2,937.80 | 2,996.39 | 3,111.52 | 3,170.11 |
| Fibonacci | 2,773.50 | 2,839.86 | 2,880.86 | 2,947.22 | 3,013.58 | 3,054.58 | 3,120.94 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2,299.23 | 2,557.34 | 2,837.46 | 3,095.57 | 3,375.69 | 3,633.80 | 3,913.92 |
| Camarilla | 2,969.57 | 3,018.91 | 3,068.24 | 3,117.58 | 3,166.92 | 3,216.26 | 3,265.59 |
| Woodie | 2,310.24 | 2,562.84 | 2,848.47 | 3,101.07 | 3,386.70 | 3,639.30 | 3,924.93 |
| Fibonacci | 2,557.34 | 2,762.94 | 2,889.97 | 3,095.57 | 3,301.17 | 3,428.20 | 3,633.80 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,794.59 | 2,324.59 | 2,667.78 | 3,197.78 | 3,540.97 | 4,070.97 | 4,414.16 |
| Camarilla | 2,770.83 | 2,850.88 | 2,930.92 | 3,010.96 | 3,091.00 | 3,171.05 | 3,251.09 |
| Woodie | 1,701.18 | 2,277.89 | 2,574.37 | 3,151.08 | 3,447.56 | 4,024.27 | 4,320.75 |
| Fibonacci | 2,324.59 | 2,658.15 | 2,864.23 | 3,197.78 | 3,531.34 | 3,737.42 | 4,070.97 |
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): | 38.92 | |
| MACD (12,26,9): | -77.3400 | |
| Directional Movement: | -10.55 | |
| AROON (14): | -21.43 | |
| DEMA (21): | 2,969.89 | |
| Parabolic SAR (0,02-0,02-0,2): | 3,255.22 | |
| Elder Ray (13): | -109.83 | |
| Super Trend (3,10): | 3,335.29 | |
| Zig ZAG (10): | 2,918.54 | |
| VORTEX (21): | 0.9600 | |
| Stochastique (14,3,5): | 25.70 | |
| TEMA (21): | 2,950.86 | |
| Williams %R (14): | -81.24 | |
| Chande Momentum Oscillator (20): | -299.20 | |
| Repulse (5,40,3): | -4.0500 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.3100 | |
| Courbe Coppock: | 10.78 |
| MA7: | 3,005.90 | |
| MA20: | 3,090.40 | |
| MA50: | 3,246.17 | |
| MA100: | 3,204.47 | |
| MAexp7: | 2,987.04 | |
| MAexp20: | 3,071.29 | |
| MAexp50: | 3,166.93 | |
| MAexp100: | 3,079.13 | |
| Price / MA7: | -3.01% | |
| Price / MA20: | -5.66% | |
| Price / MA50: | -10.19% | |
| Price / MA100: | -9.02% | |
| Price / MAexp7: | -2.40% | |
| Price / MAexp20: | -5.07% | |
| Price / MAexp50: | -7.94% | |
| Price / MAexp100: | -5.32% |
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.
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