ETHEREUM NAME SERVICE - ENS/USD - 1H - Technical analysis published on 08/17/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
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Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Strongly bearish
Technical indicators
22%
50%
28%
My opinion
Bearish under 18.32 USD
My targets
17.66 USD (-1.94%)
15.31 USD (-15.01%)
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 18.32 USD. The next bearish objective for sellers is set at 17.66 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 15.31 USD. If there is any crossing, the next objective would be the support located at 12.58 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
6.3
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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 18.01 USD. The price is lower by -0.06% since the last closing and was between 17.86 USD and 18.12 USD. This implies that the price is at +0.84% from its lowest and at -0.61% from its highest.17.86
18.12
18.01
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of this 1H chart of ETHEREUM NAME SERVICE - ENS/USD indicates that the overall trend is strongly bearish. The signals given by moving averages are 89.29% bearish. This strongly bearish trend seems to be slowing down given the slightly bearish signals being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
On the 18 technical indicators analysed, 4 are bullish, 5 are neutral and 9 are bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near support of triangle
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 12.58 | 17.66 | 17.96 | 18.01 | 18.32 | 18.98 | 19.82 |
| Change (%) | -30.15% | -1.94% | -0.28% | - | +1.72% | +5.39% | +10.05% |
| Change | -5.43 | -0.35 | -0.05 | - | +0.31 | +0.97 | +1.81 |
| Level | Major | Major | Intermediate | - | Minor | Intermediate | Intermediate |
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 | 16.47 | 17.01 | 17.52 | 18.06 | 18.57 | 19.11 | 19.62 |
| Camarilla | 17.73 | 17.83 | 17.92 | 18.02 | 18.12 | 18.21 | 18.31 |
| Woodie | 16.45 | 17.00 | 17.50 | 18.05 | 18.55 | 19.10 | 19.60 |
| Fibonacci | 17.01 | 17.41 | 17.66 | 18.06 | 18.46 | 18.71 | 19.11 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8.59 | 11.41 | 15.31 | 18.13 | 22.03 | 24.85 | 28.75 |
| Camarilla | 17.35 | 17.97 | 18.58 | 19.20 | 19.82 | 20.43 | 21.05 |
| Woodie | 9.12 | 11.68 | 15.84 | 18.40 | 22.56 | 25.12 | 29.28 |
| Fibonacci | 11.41 | 13.98 | 15.57 | 18.13 | 20.70 | 22.29 | 24.85 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.03 | 12.64 | 19.03 | 26.64 | 33.03 | 40.64 | 47.03 |
| Camarilla | 21.56 | 22.84 | 24.13 | 25.41 | 26.69 | 27.98 | 29.26 |
| Woodie | 4.41 | 12.34 | 18.41 | 26.34 | 32.41 | 40.34 | 46.41 |
| Fibonacci | 12.64 | 17.99 | 21.30 | 26.64 | 31.99 | 35.30 | 40.64 |
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): | 39.19 | |
| MACD (12,26,9): | -0.0800 | |
| Directional Movement: | -14.29 | |
| AROON (14): | -92.86 | |
| DEMA (21): | 17.91 | |
| Parabolic SAR (0,02-0,02-0,2): | 17.77 | |
| Elder Ray (13): | -0.09 | |
| Super Trend (3,10): | 18.28 | |
| Zig ZAG (10): | 17.87 | |
| VORTEX (21): | 1.1000 | |
| Stochastique (14,3,5): | 10.77 | |
| TEMA (21): | 17.94 | |
| Williams %R (14): | -96.19 | |
| Chande Momentum Oscillator (20): | -0.16 | |
| Repulse (5,40,3): | -0.6400 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0700 | |
| Courbe Coppock: | 1.06 |
| MA7: | 18.75 | |
| MA20: | 20.28 | |
| MA50: | 24.14 | |
| MA100: | 23.03 | |
| MAexp7: | 17.96 | |
| MAexp20: | 18.03 | |
| MAexp50: | 18.27 | |
| MAexp100: | 18.55 | |
| Price / MA7: | -3.95% | |
| Price / MA20: | -11.19% | |
| Price / MA50: | -25.39% | |
| Price / MA100: | -21.80% | |
| Price / MAexp7: | +0.28% | |
| Price / MAexp20: | -0.11% | |
| Price / MAexp50: | -1.42% | |
| Price / MAexp100: | -2.91% |
Quotes :
-
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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