ETHEREUM - ETH/BTC - 1H - Technical analysis published on 07/20/2022 (GMT)
- 162
- 0
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Neutral
Technical indicators
17%
44%
39%
My opinion
Bearish under 0.068335 BTC
My targets
0.065054 BTC (-1.79%)
0.062863 BTC (-5.09%)
My analysis
The current short-term bearish acceleration registered on ETHEREUM - ETH/BTC should quickly allow the basic trend to return to a bearish trend. To avoid contradicting the short term, traders could favour short positions (for sale) as long as the price remains well below 0.068335 BTC. Short-term sellers will use the support located at 0.065054 BTC as an objective. A bearish break of this support would revive the bearish momentum. The next bearish objective would then be set at 0.062863 BTC. Crossing this support would then open the door for sellers to target 0.060714 BTC. Caution, if there is a return to below 0.068335 BTC, it should not be forgotten that the basic trend is not yet clearly defined. Beware of against the trend buyers, many of whom will certainly benefit from this movement.
In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
Force
0
10
2.7
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 finacian. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The ETHEREUM - ETH/BTC price is 0.066237 BTC. On the day, this instrument gained +0.46% and was between 0.065412 BTC and 0.067856 BTC. This implies that the price is at +1.26% from its lowest and at -2.39% from its highest.0.065412
0.067856
0.066237
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
Here is a more detailed summary of the historical variations registered by ETHEREUM - ETH/BTC:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
The Central Volumes scanner notes the presence of abnormal volumes:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
A technical analysis in 1H of this ETHEREUM - ETH/BTC chart shows a neutral trend. The trend could quickly turn bearish due to the strong bearish signals currently being given by short-term moving averages. An assessment of moving averages reveals several bearish signals that could impact this trend:
Bearish trend reversal : Moving Average 50
Type : Bearish
Timeframe : 1 hour
Bearish trend reversal : adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
Bearish trend reversal : adaptative moving average 50
Type : Bearish
Timeframe : 1 hour
In fact, only 8 technical indicators out of 18 studied are currently positioned bearish. The Central Indicators scanner found this result concerning these indicators:
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near support of channel
Type : Bullish
Timeframe : 1 hour
The presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:
Three black crows
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.060714 | 0.062863 | 0.065054 | 0.066237 | 0.068335 | 0.071204 | 0.073676 |
| Change (%) | -8.34% | -5.09% | -1.79% | - | +3.17% | +7.50% | +11.23% |
| Change | -0.005523 | -0.003374 | -0.001183 | - | +0.002098 | +0.004967 | +0.007439 |
| Level | Minor | Minor | Major | - | 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 | 0.058744 | 0.062207 | 0.064069 | 0.067532 | 0.069394 | 0.072857 | 0.074719 |
| Camarilla | 0.064468 | 0.064956 | 0.065444 | 0.065932 | 0.066420 | 0.066908 | 0.067396 |
| Woodie | 0.057945 | 0.061807 | 0.063270 | 0.067132 | 0.068595 | 0.072457 | 0.073920 |
| Fibonacci | 0.062207 | 0.064241 | 0.065498 | 0.067532 | 0.069566 | 0.070823 | 0.072857 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.042815 | 0.048000 | 0.055980 | 0.061165 | 0.069145 | 0.074330 | 0.082310 |
| Camarilla | 0.060341 | 0.061547 | 0.062754 | 0.063961 | 0.065168 | 0.066375 | 0.067581 |
| Woodie | 0.044214 | 0.048699 | 0.057379 | 0.061864 | 0.070544 | 0.075029 | 0.083709 |
| Fibonacci | 0.048000 | 0.053029 | 0.056136 | 0.061165 | 0.066194 | 0.069301 | 0.074330 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.035027 | 0.042048 | 0.047881 | 0.054902 | 0.060735 | 0.067756 | 0.073589 |
| Camarilla | 0.050179 | 0.051357 | 0.052536 | 0.053714 | 0.054892 | 0.056071 | 0.057249 |
| Woodie | 0.034433 | 0.041751 | 0.047287 | 0.054605 | 0.060141 | 0.067459 | 0.072995 |
| Fibonacci | 0.042048 | 0.046958 | 0.049992 | 0.054902 | 0.059812 | 0.062846 | 0.067756 |
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): | 43.88 | |
| MACD (12,26,9): | -0.0002 | |
| Directional Movement: | -4.303319 | |
| AROON (14): | 28.571429 | |
| DEMA (21): | 0.066355 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.065936 | |
| Elder Ray (13): | -0.000308 | |
| Super Trend (3,10): | 0.065476 | |
| Zig ZAG (10): | 0.066212 | |
| VORTEX (21): | 0.9586 | |
| Stochastique (14,3,5): | 43.51 | |
| TEMA (21): | 0.066258 | |
| Williams %R (14): | -66.86 | |
| Chande Momentum Oscillator (20): | -0.000394 | |
| Repulse (5,40,3): | -1.2816 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0858 | |
| Courbe Coppock: | 0.87 |
| MA7: | 0.064001 | |
| MA20: | 0.058712 | |
| MA50: | 0.057278 | |
| MA100: | 0.064072 | |
| MAexp7: | 0.066578 | |
| MAexp20: | 0.066722 | |
| MAexp50: | 0.066788 | |
| MAexp100: | 0.065407 | |
| Price / MA7: | +3.49% | |
| Price / MA20: | +12.82% | |
| Price / MA50: | +15.64% | |
| Price / MA100: | +3.38% | |
| Price / MAexp7: | -0.53% | |
| Price / MAexp20: | -0.75% | |
| Price / MAexp50: | -0.84% | |
| Price / MAexp100: | +1.25% |
Quotes :
-
Real time data
-
Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
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…
Add a comment
Comments
0 comments on the analysis ETHEREUM - ETH/BTC - 1H