ETHEREUM NAME SERVICE - ENS/USD - 1H - Technical analysis published on 09/08/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Strongly bearish
Technical indicators
22%
50%
28%
My opinion
Bearish under 16.16 USD
My targets
14.76 USD (-7.58%)
13.54 USD (-15.22%)
My analysis
The bearish basic trend is very strong on ETHEREUM NAME SERVICE - ENS/USD but the short term shows some signs of running out of steam. However, a sale could be considered as long as the price remains below 16.16 USD. Crossing the first support at 14.76 USD would be a sign of a further potential price plummet. Sellers would then use the next support located at 13.54 USD as an objective. Crossing it would then enable sellers to target 12.58 USD. Caution, a return to above the resistance located at 16.16 USD would be a sign of a possible consolidation phase of the short-term basic trend. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
5.9
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 Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
ETHEREUM NAME SERVICE - ENS/USD rating 15.97 USD. On the day, this instrument lost -0.06% and was between 15.76 USD and 16.48 USD. This implies that the price is at +1.33% from its lowest and at -3.09% from its highest.15.76
16.48
15.97
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of ETHEREUM NAME SERVICE - ENS/USD indicates that the overall trend is strongly bearish. 85.71% of the signals given by moving averages are bearish. The slightly bearish signals from short-term moving averages show that the overall trend is slowing down. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:
Bearish price crossover with Moving Average 50
Type : Bearish
Timeframe : 1 hour
In fact, of the 18 technical indicators analysed by Central Analyzer, 4 are bullish, 5 are neutral and 9 are bearish. But beware of excesses. The Central Indicators scanner currently detects this:
Previous candle closed under Bollinger bands
Type : Neutral
Timeframe : 1 hour
CCI indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
Pivot points : price is under support 3
Type : Neutral
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
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 | 8.09 | 10.49 | 12.58 | 15.97 | 16.16 | 16.74 | 17.93 |
| Change (%) | -49.34% | -34.31% | -21.23% | - | +1.19% | +4.82% | +12.27% |
| Change | -7.88 | -5.48 | -3.39 | - | +0.19 | +0.77 | +1.96 |
| Level | Intermediate | Minor | Major | - | Minor | Major | 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 | 14.95 | 15.27 | 15.63 | 15.95 | 16.31 | 16.63 | 16.99 |
| Camarilla | 15.79 | 15.86 | 15.92 | 15.98 | 16.04 | 16.11 | 16.17 |
| Woodie | 14.96 | 15.28 | 15.64 | 15.96 | 16.32 | 16.64 | 17.00 |
| Fibonacci | 15.27 | 15.53 | 15.69 | 15.95 | 16.21 | 16.37 | 16.63 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 11.95 | 13.54 | 14.76 | 16.35 | 17.57 | 19.16 | 20.38 |
| Camarilla | 15.21 | 15.47 | 15.72 | 15.98 | 16.24 | 16.50 | 16.75 |
| Woodie | 11.77 | 13.45 | 14.58 | 16.26 | 17.39 | 19.07 | 20.20 |
| Fibonacci | 13.54 | 14.61 | 15.28 | 16.35 | 17.42 | 18.09 | 19.16 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.47 | 7.86 | 12.79 | 19.18 | 24.11 | 30.50 | 35.43 |
| Camarilla | 14.62 | 15.66 | 16.69 | 17.73 | 18.77 | 19.81 | 20.84 |
| Woodie | 0.75 | 7.50 | 12.07 | 18.82 | 23.39 | 30.14 | 34.71 |
| Fibonacci | 7.86 | 12.18 | 14.85 | 19.18 | 23.50 | 26.17 | 30.50 |
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): | 46.31 | |
| MACD (12,26,9): | -0.0300 | |
| Directional Movement: | -2.66 | |
| AROON (14): | -50.00 | |
| DEMA (21): | 16.03 | |
| Parabolic SAR (0,02-0,02-0,2): | 16.17 | |
| Elder Ray (13): | -0.05 | |
| Super Trend (3,10): | 16.29 | |
| Zig ZAG (10): | 15.99 | |
| VORTEX (21): | 1.0600 | |
| Stochastique (14,3,5): | 36.17 | |
| TEMA (21): | 16.00 | |
| Williams %R (14): | -65.26 | |
| Chande Momentum Oscillator (20): | -0.27 | |
| Repulse (5,40,3): | -0.1700 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 2.69 |
| MA7: | 16.52 | |
| MA20: | 18.33 | |
| MA50: | 20.53 | |
| MA100: | 22.82 | |
| MAexp7: | 16.00 | |
| MAexp20: | 16.06 | |
| MAexp50: | 16.13 | |
| MAexp100: | 16.35 | |
| Price / MA7: | -3.33% | |
| Price / MA20: | -12.88% | |
| Price / MA50: | -22.21% | |
| Price / MA100: | -30.02% | |
| Price / MAexp7: | -0.19% | |
| Price / MAexp20: | -0.56% | |
| Price / MAexp50: | -0.99% | |
| Price / MAexp100: | -2.32% |
Quotes :
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Real time data
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This member declared not having a position on this financial instrument or a related financial instrument.
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