ETHEREUM - ETH/USD - 1H - Technical analysis published on 06/18/2019 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Neutral
Technical indicators
17%
56%
28%
My opinion
Bearish under 271.46 USD
My targets
262.95 USD (-2.66%)
258.43 USD (-4.33%)
My analysis
The strong short-term decrease of Ethereum - ETH/USD should quickly allow the basic trend to become bearish. As long as the price remains below the resistance located at 271.46 USD, a sale could be considered. The first bearish objective is located at 262.95 USD. The bearish momentum would be boosted by a support break. Sellers could then target the support located at 258.43 USD. If there is any crossing, the next objective would be support 252.00 USD. Caution, if there is a return to above 271.46 USD, it should not be forgotten that the basic trend is not yet clear. Caution would then be required.
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The Ethereum - ETH/USD rating is 270.14 USD. The price registered a decrease of -1.22% on the session and was between 265.33 USD and 274.08 USD. This implies that the price is at +1.81% from its lowest and at -1.44% from its highest.265.33
274.08
270.14
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
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of Ethereum - ETH/USD indicates that the overall trend is not clearly defined. This indecision could turn into a bearish trend due to the strong bearish signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
An assessment of technical indicators shows a bearish signal.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 252.00 | 258.43 | 262.95 | 270.14 | 271.46 | 278.91 | 393.04 |
| Change (%) | -6.72% | -4.33% | -2.66% | - | +0.49% | +3.25% | +45.49% |
| Change | -18.14 | -11.71 | -7.19 | - | +1.32 | +8.77 | +122.90 |
| Level | Minor | Minor | Major | - | Intermediate | Intermediate | 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 | 260.01 | 263.60 | 268.54 | 272.13 | 277.07 | 280.66 | 285.60 |
| Camarilla | 271.12 | 271.91 | 272.69 | 273.47 | 274.25 | 275.03 | 275.82 |
| Woodie | 260.67 | 263.94 | 269.20 | 272.47 | 277.73 | 281.00 | 286.27 |
| Fibonacci | 263.60 | 266.86 | 268.87 | 272.13 | 275.39 | 277.40 | 280.66 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 192.39 | 209.49 | 239.40 | 256.50 | 286.41 | 303.51 | 333.42 |
| Camarilla | 256.39 | 260.70 | 265.01 | 269.32 | 273.63 | 277.94 | 282.25 |
| Woodie | 198.80 | 212.69 | 245.82 | 259.70 | 292.83 | 306.71 | 339.83 |
| Fibonacci | 209.49 | 227.44 | 238.54 | 256.50 | 274.45 | 285.55 | 303.51 |
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): | 48.01 | |
| MACD (12,26,9): | -0.5100 | |
| Directional Movement: | -9.06 | |
| AROON (14): | -64.29 | |
| DEMA (21): | 270.15 | |
| Parabolic SAR (0,02-0,02-0,2): | 272.66 | |
| Elder Ray (13): | -2.02 | |
| Super Trend (3,10): | 274.18 | |
| Zig ZAG (10): | 268.98 | |
| VORTEX (21): | 0.9200 | |
| Stochastique (14,3,5): | 27.01 | |
| TEMA (21): | 269.06 | |
| Williams %R (14): | -66.37 | |
| Chande Momentum Oscillator (20): | -3.82 | |
| Repulse (5,40,3): | 0.4300 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 2.26 |
| MA7: | 266.11 | |
| MA20: | 256.19 | |
| MA50: | 231.27 | |
| MA100: | 192.13 | |
| MAexp7: | 269.54 | |
| MAexp20: | 270.71 | |
| MAexp50: | 270.32 | |
| MAexp100: | 267.39 | |
| Price / MA7: | +1.51% | |
| Price / MA20: | +5.45% | |
| Price / MA50: | +16.81% | |
| Price / MA100: | +40.60% | |
| Price / MAexp7: | +0.22% | |
| Price / MAexp20: | -0.21% | |
| Price / MAexp50: | -0.07% | |
| Price / MAexp100: | +1.03% |
This member declared not having a position on this financial instrument or a related financial instrument.
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