ETHEREUM - ETH/USDT - 1H - Technical analysis published on 02/22/2023 (GMT)
- 158
- 0
Oops, I was wrong about that analysis. My threshold for invalidation has been broken.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
33%
50%
17%
My opinion
Bearish under 1,635.44 USDT
My targets
1,590.73 USDT (-1.77%)
1,565.00 USDT (-3.36%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on ETHEREUM - ETH/USDT as long as the price remains well below 1,635.44 USDT. The sellers' bearish objective is set at 1,590.73 USDT. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 1,565.00 USDT. In case of crossing, the next objective would be the support located at 1,507.31 USDT. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
6.6
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 Oli. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The ETHEREUM - ETH/USDT price is 1,619.40 USDT. The price registered a decrease of -2.41% on the session with the lowest point at 1,597.14 USDT and the highest point at 1,665.69 USDT. The deviation from the price is +1.39% for the low point and -2.78% for the high point.1,597.14
1,665.69
1,619.40
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum 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 HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of ETHEREUM - ETH/USDT indicates that the overall trend is strongly bearish. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Pivot points : price is under support 1
Type : Neutral
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
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 | 1,507.31 | 1,565.00 | 1,590.73 | 1,619.40 | 1,635.44 | 1,667.08 | 1,686.63 |
| Change (%) | -6.92% | -3.36% | -1.77% | - | +0.99% | +2.94% | +4.15% |
| Change | -112.09 | -54.40 | -28.67 | - | +16.04 | +47.68 | +67.23 |
| Level | Intermediate | Minor | Minor | - | Major | Major | 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 | 1,546.66 | 1,591.88 | 1,625.61 | 1,670.83 | 1,704.56 | 1,749.78 | 1,783.51 |
| Camarilla | 1,637.63 | 1,644.87 | 1,652.10 | 1,659.34 | 1,666.58 | 1,673.81 | 1,681.05 |
| Woodie | 1,540.92 | 1,589.01 | 1,619.87 | 1,667.96 | 1,698.82 | 1,746.91 | 1,777.77 |
| Fibonacci | 1,591.88 | 1,622.04 | 1,640.67 | 1,670.83 | 1,700.99 | 1,719.62 | 1,749.78 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,266.87 | 1,365.57 | 1,528.59 | 1,627.29 | 1,790.31 | 1,889.01 | 2,052.03 |
| Camarilla | 1,619.65 | 1,643.64 | 1,667.63 | 1,691.62 | 1,715.61 | 1,739.60 | 1,763.59 |
| Woodie | 1,299.04 | 1,381.65 | 1,560.76 | 1,643.37 | 1,822.48 | 1,905.09 | 2,084.20 |
| Fibonacci | 1,365.57 | 1,465.54 | 1,527.31 | 1,627.29 | 1,727.26 | 1,789.03 | 1,889.01 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 841.72 | 1,027.33 | 1,306.36 | 1,491.97 | 1,771.00 | 1,956.61 | 2,235.64 |
| Camarilla | 1,457.61 | 1,500.21 | 1,542.80 | 1,585.39 | 1,627.98 | 1,670.57 | 1,713.17 |
| Woodie | 888.43 | 1,050.69 | 1,353.07 | 1,515.33 | 1,817.71 | 1,979.97 | 2,282.35 |
| Fibonacci | 1,027.33 | 1,204.82 | 1,314.48 | 1,491.97 | 1,669.46 | 1,779.12 | 1,956.61 |
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): | 38.77 | |
| MACD (12,26,9): | -13.2900 | |
| Directional Movement: | -15.27 | |
| AROON (14): | -28.58 | |
| DEMA (21): | 1,613.48 | |
| Parabolic SAR (0,02-0,02-0,2): | 1,639.59 | |
| Elder Ray (13): | -7.48 | |
| Super Trend (3,10): | 1,649.90 | |
| Zig ZAG (10): | 1,619.40 | |
| VORTEX (21): | 0.8600 | |
| Stochastique (14,3,5): | 38.46 | |
| TEMA (21): | 1,610.77 | |
| Williams %R (14): | -57.92 | |
| Chande Momentum Oscillator (20): | -19.66 | |
| Repulse (5,40,3): | 0.1700 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.1200 | |
| Courbe Coppock: | 3.09 |
| MA7: | 1,669.57 | |
| MA20: | 1,621.54 | |
| MA50: | 1,550.75 | |
| MA100: | 1,386.55 | |
| MAexp7: | 1,618.67 | |
| MAexp20: | 1,631.23 | |
| MAexp50: | 1,652.47 | |
| MAexp100: | 1,661.60 | |
| Price / MA7: | -3.00% | |
| Price / MA20: | -0.13% | |
| Price / MA50: | +4.43% | |
| Price / MA100: | +16.79% | |
| Price / MAexp7: | +0.05% | |
| Price / MAexp20: | -0.73% | |
| Price / MAexp50: | -2.00% | |
| Price / MAexp100: | -2.54% |
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/USDT - 1H