ETHEREUM NAME SERVICE - ENS/USD - Daily - Technical analysis published on 05/26/2023 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Strongly bearish
Technical indicators
44%
22%
33%
My opinion
Bearish under 11.21 USD
My targets
10.41 USD (-0.83%)
8.82 USD (-16.03%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on ETHEREUM NAME SERVICE - ENS/USD as long as the price remains well below 11.21 USD. The next bearish objective for sellers is set at 10.41 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 8.82 USD. If there is any crossing, the next objective would be the support located at 6.34 USD. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible over sold items that could be a sign of a short-term correction.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
4.3
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
ETHEREUM NAME SERVICE - ENS/USD rating 10.50 USD. On the day, this instrument gained +5.53% and was traded between 9.84 USD and 10.50 USD over the period. The price is currently at +6.71% from its lowest and 0% from its highest.9.84
10.50
10.50
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 year)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in Daily of this ETHEREUM NAME SERVICE - ENS/USD chart shows a sharp bearish trend. 85.71% of the signals given by moving averages are bearish. This strongly bearish trend is showing signs of slowing down given the slightly bearish signals given by short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : Daily
On the 18 technical indicators analysed, 8 are bullish, 6 are neutral and 4 are bearish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator: bullish divergence
Type : Bullish
Timeframe : Daily
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Daily
Parabolic SAR indicator bullish reversal
Type : Bullish
Timeframe : Daily
Williams %R indicator is back over -50
Type : Bullish
Timeframe : Daily
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
R1
R2
R3
Price
| Price | R1 | R2 | R3 | |
|---|---|---|---|---|
| ProTrendLines | 10.50 | 10.66 | 12.15 | 14.68 |
| Change (%) | - | +1.52% | +15.71% | +39.81% |
| Change | - | +0.16 | +1.65 | +4.18 |
| Level | - | Minor | Minor | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9.27 | 9.44 | 9.69 | 9.86 | 10.11 | 10.28 | 10.53 |
| Camarilla | 9.84 | 9.87 | 9.91 | 9.95 | 9.99 | 10.03 | 10.07 |
| Woodie | 9.32 | 9.46 | 9.74 | 9.88 | 10.16 | 10.30 | 10.58 |
| Fibonacci | 9.44 | 9.60 | 9.70 | 9.86 | 10.02 | 10.12 | 10.28 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9.36 | 9.73 | 10.10 | 10.47 | 10.84 | 11.21 | 11.58 |
| Camarilla | 10.28 | 10.34 | 10.41 | 10.48 | 10.55 | 10.62 | 10.68 |
| Woodie | 9.37 | 9.73 | 10.11 | 10.47 | 10.85 | 11.21 | 11.59 |
| Fibonacci | 9.73 | 10.01 | 10.18 | 10.47 | 10.75 | 10.92 | 11.21 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.34 | 8.82 | 10.41 | 12.89 | 14.48 | 16.96 | 18.55 |
| Camarilla | 10.89 | 11.26 | 11.64 | 12.01 | 12.38 | 12.76 | 13.13 |
| Woodie | 5.91 | 8.60 | 9.98 | 12.67 | 14.05 | 16.74 | 18.12 |
| Fibonacci | 8.82 | 10.37 | 11.33 | 12.89 | 14.44 | 15.40 | 16.96 |
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): | 43.43 | |
| MACD (12,26,9): | -0.4600 | |
| Directional Movement: | -9.85 | |
| AROON (14): | -57.15 | |
| DEMA (21): | 9.91 | |
| Parabolic SAR (0,02-0,02-0,2): | 9.60 | |
| Elder Ray (13): | -0.22 | |
| Super Trend (3,10): | 11.15 | |
| Zig ZAG (10): | 10.40 | |
| VORTEX (21): | 0.8100 | |
| Stochastique (14,3,5): | 34.69 | |
| TEMA (21): | 9.95 | |
| Williams %R (14): | -34.06 | |
| Chande Momentum Oscillator (20): | -0.02 | |
| Repulse (5,40,3): | 6.1900 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.6700 | |
| Courbe Coppock: | 7.08 |
| MA7: | 10.18 | |
| MA20: | 10.37 | |
| MA50: | 11.79 | |
| MA100: | 12.91 | |
| MAexp7: | 10.21 | |
| MAexp20: | 10.56 | |
| MAexp50: | 11.48 | |
| MAexp100: | 12.38 | |
| Price / MA7: | +3.14% | |
| Price / MA20: | +1.25% | |
| Price / MA50: | -10.94% | |
| Price / MA100: | -18.67% | |
| Price / MAexp7: | +2.84% | |
| Price / MAexp20: | -0.57% | |
| Price / MAexp50: | -8.54% | |
| Price / MAexp100: | -15.19% |
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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