ETHEREUM - ETH/USDT - 1H - Technical analysis published on 04/22/2023 (GMT)
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I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
56%
17%
28%
My opinion
Bearish under 1,917.44 USDT
My targets
1,816.45 USDT (-2.10%)
1,649.27 USDT (-11.11%)
My analysis
ETHEREUM - ETH/USDT is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 1,917.44 USDT. The next support located at 1,816.45 USDT is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 1,649.27 USDT. Below this support, sellers could then target 1,320.85 USDT. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
In the very short term, technical indicators are in opposition with the general bearish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.
Force
0
10
4.8
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This analysis was given by finacian. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The ETHEREUM - ETH/USDT rating is 1,855.38 USDT. The price has increased by +0.35% since the last closing with the lowest point at 1,846.05 USDT and the highest point at 1,864.78 USDT. The deviation from the price is +0.51% for the low point and -0.50% for the high point.1,846.05
1,864.78
1,855.38
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
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. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
In fact, according to the parameters integrated into the Central Analyzer system, 10 technical indicators out of 18 analysed are currently bullish. Central Indicators, the scanner specialised in technical indicators, has identified this signal:
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
From the Japanese candlestick perspective, the Central Candlesticks scanner notes the presence of these results that could impact the short-term trend:
Dark cloud cover
Type : Bearish
Timeframe : 1 hour
Bullish engulfing lines
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1,320.85 | 1,649.27 | 1,816.45 | 1,855.38 | 1,917.44 | 1,975.16 | 2,074.41 |
| Change (%) | -28.81% | -11.11% | -2.10% | - | +3.34% | +6.46% | +11.81% |
| Change | -534.53 | -206.11 | -38.93 | - | +62.06 | +119.78 | +219.03 |
| Level | Major | Major | Intermediate | - | Minor | Major | Major |
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 | 1,668.33 | 1,747.41 | 1,798.13 | 1,877.21 | 1,927.93 | 2,007.01 | 2,057.73 |
| Camarilla | 1,813.17 | 1,825.06 | 1,836.96 | 1,848.86 | 1,860.76 | 1,872.66 | 1,884.56 |
| Woodie | 1,654.16 | 1,740.32 | 1,783.96 | 1,870.12 | 1,913.76 | 1,999.92 | 2,043.56 |
| Fibonacci | 1,747.41 | 1,796.99 | 1,827.62 | 1,877.21 | 1,926.79 | 1,957.42 | 2,007.01 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,601.55 | 1,714.21 | 1,902.40 | 2,015.06 | 2,203.25 | 2,315.91 | 2,504.10 |
| Camarilla | 2,007.87 | 2,035.44 | 2,063.02 | 2,090.60 | 2,118.18 | 2,145.76 | 2,173.33 |
| Woodie | 1,639.33 | 1,733.09 | 1,940.18 | 2,033.94 | 2,241.03 | 2,334.79 | 2,541.88 |
| Fibonacci | 1,714.21 | 1,829.13 | 1,900.13 | 2,015.06 | 2,129.98 | 2,200.98 | 2,315.91 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,027.93 | 1,199.44 | 1,510.53 | 1,682.04 | 1,993.13 | 2,164.64 | 2,475.73 |
| Camarilla | 1,688.90 | 1,733.13 | 1,777.37 | 1,821.61 | 1,865.85 | 1,910.09 | 1,954.33 |
| Woodie | 1,097.71 | 1,234.34 | 1,580.31 | 1,716.94 | 2,062.91 | 2,199.54 | 2,545.51 |
| Fibonacci | 1,199.44 | 1,383.80 | 1,497.69 | 1,682.04 | 1,866.40 | 1,980.29 | 2,164.64 |
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): | 39.20 | |
| MACD (12,26,9): | -16.4800 | |
| Directional Movement: | -16.27 | |
| AROON (14): | -21.43 | |
| DEMA (21): | 1,847.13 | |
| Parabolic SAR (0,02-0,02-0,2): | 1,836.19 | |
| Elder Ray (13): | 1.11 | |
| Super Trend (3,10): | 1,895.38 | |
| Zig ZAG (10): | 1,862.50 | |
| VORTEX (21): | 0.8400 | |
| Stochastique (14,3,5): | 48.81 | |
| TEMA (21): | 1,847.64 | |
| Williams %R (14): | -47.95 | |
| Chande Momentum Oscillator (20): | 16.92 | |
| Repulse (5,40,3): | 0.0400 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.1600 | |
| Courbe Coppock: | 3.35 |
| MA7: | 1,983.21 | |
| MA20: | 1,942.05 | |
| MA50: | 1,788.66 | |
| MA100: | 1,680.75 | |
| MAexp7: | 1,858.90 | |
| MAexp20: | 1,871.02 | |
| MAexp50: | 1,907.52 | |
| MAexp100: | 1,950.25 | |
| Price / MA7: | -6.45% | |
| Price / MA20: | -4.46% | |
| Price / MA50: | +3.73% | |
| Price / MA100: | +10.39% | |
| Price / MAexp7: | -0.19% | |
| Price / MAexp20: | -0.84% | |
| Price / MAexp50: | -2.73% | |
| Price / MAexp100: | -4.86% |
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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