ETHEREUM - ETH/USD - 1H - Technical analysis published on 11/17/2024 (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:
Bearish
Underlying:
Bearish
Technical indicators
33%
39%
28%
My opinion
Bearish under 3,173.34 USD
My targets
3,071.89 USD (-1.39%)
3,015.67 USD (-3.20%)
My analysis
All elements being rather 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 3,173.34 USD. The next bearish objective for sellers is set at 3,071.89 USD. A bearish break of this support would revive the bearish momentum. Sellers could then target the next support located at 3,015.67 USD. If there is any crossing, the next objective would be the support located at 2,957.59 USD. Be careful, the short term currently seems to be losing momentum. Its reversal would lead to mitigation of the, bearish, basic trend. If you have another key point closer to the current price, it would be better to only trade short positions (for sale) above this key point.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
4.1
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The ETHEREUM - ETH/USD rating is 3,115.23 USD. The price is lower by -0.60% since the last closing and was traded between 3,038.21 USD and 3,155.54 USD over the period. The price is currently at +2.54% from its lowest and -1.28% from its highest.3,038.21
3,155.54
3,115.23
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:
New LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of ETHEREUM - ETH/USD indicates that the overall trend is bearish. 75.00% of the signals given by moving averages are bearish. This bearish trend is slowing down slightly given the slightly bearish signals given by short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 6 are bullish, 5 are neutral and 7 are bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Parabolic SAR indicator bullish reversal
Type : Bullish
Timeframe : 1 hour
Momentum indicator is back over 0
Type : Bullish
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
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 : 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 | 2,957.59 | 3,015.67 | 3,071.89 | 3,115.23 | 3,121.83 | 3,173.34 | 3,350.27 |
| Change (%) | -5.06% | -3.20% | -1.39% | - | +0.21% | +1.87% | +7.54% |
| Change | -157.64 | -99.56 | -43.34 | - | +6.60 | +58.11 | +235.04 |
| Level | Minor | Major | Intermediate | - | Intermediate | Intermediate | Intermediate |
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 | 2,918.61 | 2,995.99 | 3,065.04 | 3,142.42 | 3,211.47 | 3,288.85 | 3,357.90 |
| Camarilla | 3,093.81 | 3,107.24 | 3,120.66 | 3,134.08 | 3,147.50 | 3,160.93 | 3,174.35 |
| Woodie | 2,914.44 | 2,993.91 | 3,060.87 | 3,140.34 | 3,207.30 | 3,286.77 | 3,353.73 |
| Fibonacci | 2,995.99 | 3,051.93 | 3,086.49 | 3,142.42 | 3,198.36 | 3,232.92 | 3,288.85 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2,521.52 | 2,768.41 | 2,951.25 | 3,198.14 | 3,380.98 | 3,627.87 | 3,810.71 |
| Camarilla | 3,015.90 | 3,055.30 | 3,094.69 | 3,134.08 | 3,173.47 | 3,212.86 | 3,252.26 |
| Woodie | 2,489.49 | 2,752.40 | 2,919.22 | 3,182.13 | 3,348.95 | 3,611.86 | 3,778.68 |
| Fibonacci | 2,768.41 | 2,932.57 | 3,033.99 | 3,198.14 | 3,362.30 | 3,463.72 | 3,627.87 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,839.04 | 2,074.60 | 2,294.77 | 2,530.33 | 2,750.50 | 2,986.06 | 3,206.23 |
| Camarilla | 2,389.62 | 2,431.40 | 2,473.18 | 2,514.95 | 2,556.73 | 2,598.50 | 2,640.28 |
| Woodie | 1,831.36 | 2,070.75 | 2,287.09 | 2,526.48 | 2,742.82 | 2,982.21 | 3,198.55 |
| Fibonacci | 2,074.60 | 2,248.69 | 2,356.24 | 2,530.33 | 2,704.42 | 2,811.97 | 2,986.06 |
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): | 46.07 | |
| MACD (12,26,9): | -7.1100 | |
| Directional Movement: | -1.32 | |
| AROON (14): | -57.14 | |
| DEMA (21): | 3,116.82 | |
| Parabolic SAR (0,02-0,02-0,2): | 3,161.04 | |
| Elder Ray (13): | -12.88 | |
| Super Trend (3,10): | 3,159.83 | |
| Zig ZAG (10): | 3,104.59 | |
| VORTEX (21): | 0.9800 | |
| Stochastique (14,3,5): | 49.27 | |
| TEMA (21): | 3,106.02 | |
| Williams %R (14): | -52.20 | |
| Chande Momentum Oscillator (20): | -61.51 | |
| Repulse (5,40,3): | 0.1900 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0100 | |
| Courbe Coppock: | 3.55 |
| MA7: | 3,172.26 | |
| MA20: | 2,859.72 | |
| MA50: | 2,654.06 | |
| MA100: | 2,590.82 | |
| MAexp7: | 3,108.83 | |
| MAexp20: | 3,122.03 | |
| MAexp50: | 3,125.78 | |
| MAexp100: | 3,133.05 | |
| Price / MA7: | -1.80% | |
| Price / MA20: | +8.93% | |
| Price / MA50: | +17.38% | |
| Price / MA100: | +20.24% | |
| Price / MAexp7: | +0.21% | |
| Price / MAexp20: | -0.22% | |
| Price / MAexp50: | -0.34% | |
| Price / MAexp100: | -0.57% |
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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