ETHEREUM - ETH/USD - 1H - Technical analysis published on 09/01/2019 (GMT)
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- Timeframe : 1H
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Summary of the analysis
Trends
Court terme:
Bullish
De fond:
Bearish
Technical indicators
39%
22%
39%
My opinion
Bearish under 170.27 USD
My targets
165.79 USD (-2.59%)
158.86 USD (-6.66%)
My analysis
In a bearish trend, the price of Ethereum - ETH/USD tries to inflate a little with a slight short-term rebound. At this stage, no trend reversal is in sight. Globally, sellers have the upper hand. Traders may allow themselves to trade short positions (for sale) as long as the price remains below the resistance located at 170.27 USD. A bearish break in the support located at 165.79 USD would revive the bearish momentum and fuel the basic trend. Then the price could move towards 158.86 USD. Then 132.21 USD by extension. It would be safer to wait for a bearish break in the support located at 165.79 USD before allowing yourself to re trade short positions (for sale) on Ethereum - ETH/USD. PS: if there is a bullish break in the resistance located at 170.27 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.
Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.
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 170.19 USD. The price is lower by -1.04% since the last closing and was traded between 168.18 USD and 173.59 USD over the period. The price is currently at +1.20% from its lowest and -1.96% from its highest.168.18
173.59
170.19
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
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 1H of this Ethereum - ETH/USD chart shows a bearish trend. The signals given by moving averages are at 71.43% bearish. This bearish trend could slow down given the slightly bullish signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:
Bullish price crossover with Moving Average 50
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 50
Type : Bullish
Timeframe : 1 hour
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Other results related to technical indicators were also found by the Central Indicators scanner:
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
RSI indicator is back over 50
Type : Bullish
Timeframe : 1 hour
Parabolic SAR indicator bullish reversal
Type : Bullish
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
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 | 132.21 | 158.86 | 165.79 | 170.19 | 170.27 | 183.49 | 188.82 |
| Change (%) | -22.32% | -6.66% | -2.59% | - | +0.05% | +7.81% | +10.95% |
| Change | -37.98 | -11.33 | -4.40 | - | +0.08 | +13.30 | +18.63 |
| Level | Minor | Intermediate | Intermediate | - | Minor | 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 | 154.16 | 159.04 | 163.90 | 168.78 | 173.64 | 178.52 | 183.38 |
| Camarilla | 166.09 | 166.98 | 167.88 | 168.77 | 169.66 | 170.56 | 171.45 |
| Woodie | 154.16 | 159.04 | 163.90 | 168.78 | 173.64 | 178.52 | 183.38 |
| Fibonacci | 159.04 | 162.76 | 165.06 | 168.78 | 172.50 | 174.80 | 178.52 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 155.77 | 167.90 | 179.35 | 191.48 | 202.93 | 215.06 | 226.51 |
| Camarilla | 184.31 | 186.47 | 188.63 | 190.79 | 192.95 | 195.11 | 197.27 |
| Woodie | 155.42 | 167.73 | 179.00 | 191.31 | 202.58 | 214.89 | 226.16 |
| Fibonacci | 167.90 | 176.91 | 182.48 | 191.48 | 200.49 | 206.06 | 215.06 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 39.21 | 114.98 | 166.83 | 242.60 | 294.45 | 370.22 | 422.07 |
| Camarilla | 183.58 | 195.28 | 206.98 | 218.68 | 230.38 | 242.08 | 253.78 |
| Woodie | 27.25 | 109.00 | 154.87 | 236.62 | 282.49 | 364.24 | 410.11 |
| Fibonacci | 114.98 | 163.73 | 193.85 | 242.60 | 291.35 | 321.47 | 370.22 |
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): | 48.16 | |
| MACD (12,26,9): | -0.2800 | |
| Directional Movement: | -12.79 | |
| AROON (14): | -64.28 | |
| DEMA (21): | 168.32 | |
| Parabolic SAR (0,02-0,02-0,2): | 164.03 | |
| Elder Ray (13): | 0.19 | |
| Super Trend (3,10): | 171.45 | |
| Zig ZAG (10): | 168.62 | |
| VORTEX (21): | 1.0500 | |
| Stochastique (14,3,5): | 66.96 | |
| TEMA (21): | 169.18 | |
| Williams %R (14): | -38.58 | |
| Chande Momentum Oscillator (20): | -0.88 | |
| Repulse (5,40,3): | -0.0100 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0200 | |
| Courbe Coppock: | 0.64 |
| MA7: | 180.41 | |
| MA20: | 190.48 | |
| MA50: | 209.28 | |
| MA100: | 242.63 | |
| MAexp7: | 168.65 | |
| MAexp20: | 168.83 | |
| MAexp50: | 170.94 | |
| MAexp100: | 175.41 | |
| Price / MA7: | -5.66% | |
| Price / MA20: | -10.65% | |
| Price / MA50: | -18.68% | |
| Price / MA100: | -29.86% | |
| Price / MAexp7: | +0.91% | |
| Price / MAexp20: | +0.81% | |
| Price / MAexp50: | -0.44% | |
| Price / MAexp100: | -2.98% |
This member declared not having a position on this financial instrument or a related financial instrument.
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