ETHEREUM - ETH/USDT - 1H - Technical analysis published on 12/12/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
67%
6%
28%
My opinion
Bearish under 2,253.21 USDT
My targets
2,188.94 USDT (-1.89%)
2,157.94 USDT (-3.28%)
My analysis
Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 2,253.21 USDT remains possible. It is advisable to trade ETHEREUM - ETH/USDT with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 2,253.21 USDT. The next bearish objective for sellers is set at 2,188.94 USDT. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 2,157.94 USDT. In case of crossing, the next objective would be the support located at 2,121.23 USDT. PS: if there is a bullish break in the resistance located at 2,253.21 USDT we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.
Technical indicators are opposing the general bearish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.
Force
0
10
1.6
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This analysis was given by Vestige. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The ETHEREUM - ETH/USDT rating is 2,231.11 USDT. The price registered an increase of +0.27% on the session with the lowest point at 2,212.11 USDT and the highest point at 2,243.84 USDT. The deviation from the price is +0.86% for the low point and -0.57% for the high point.2,212.11
2,243.84
2,231.11
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
A technical analysis in 1H of this ETHEREUM - ETH/USDT chart shows a bearish trend. 78.57% of the signals given by moving averages are bearish. Caution: as the signals currently given by short-term moving averages are rather neutral, the bearish trend could slow down. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, 12 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
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.
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:
Bearish engulfing lines
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 2,157.94 | 2,188.94 | 2,221.34 | 2,231.11 | 2,253.21 | 2,311.19 | 2,338.85 |
| Change (%) | -3.28% | -1.89% | -0.44% | - | +0.99% | +3.59% | +4.83% |
| Change | -73.17 | -42.17 | -9.77 | - | +22.10 | +80.08 | +107.74 |
| Level | Minor | Intermediate | Intermediate | - | Minor | Intermediate | Minor |
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 | 1,939.97 | 2,048.95 | 2,136.99 | 2,245.97 | 2,334.01 | 2,442.99 | 2,531.03 |
| Camarilla | 2,170.84 | 2,188.90 | 2,206.96 | 2,225.02 | 2,243.08 | 2,261.14 | 2,279.20 |
| Woodie | 1,929.49 | 2,043.72 | 2,126.51 | 2,240.74 | 2,323.53 | 2,437.76 | 2,520.55 |
| Fibonacci | 2,048.95 | 2,124.22 | 2,170.71 | 2,245.97 | 2,321.24 | 2,367.73 | 2,442.99 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,940.68 | 2,045.27 | 2,192.94 | 2,297.53 | 2,445.20 | 2,549.79 | 2,697.46 |
| Camarilla | 2,271.24 | 2,294.36 | 2,317.49 | 2,340.61 | 2,363.73 | 2,386.86 | 2,409.98 |
| Woodie | 1,962.22 | 2,056.04 | 2,214.48 | 2,308.30 | 2,466.74 | 2,560.56 | 2,719.00 |
| Fibonacci | 2,045.27 | 2,141.63 | 2,201.17 | 2,297.53 | 2,393.89 | 2,453.43 | 2,549.79 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,482.22 | 1,629.86 | 1,840.88 | 1,988.52 | 2,199.54 | 2,347.18 | 2,558.20 |
| Camarilla | 1,953.26 | 1,986.14 | 2,019.01 | 2,051.89 | 2,084.77 | 2,117.64 | 2,150.52 |
| Woodie | 1,513.90 | 1,645.71 | 1,872.56 | 2,004.37 | 2,231.22 | 2,363.03 | 2,589.88 |
| Fibonacci | 1,629.86 | 1,766.87 | 1,851.52 | 1,988.52 | 2,125.53 | 2,210.18 | 2,347.18 |
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): | 47.62 | |
| MACD (12,26,9): | -8.6300 | |
| Directional Movement: | -10.68 | |
| AROON (14): | 50.00 | |
| DEMA (21): | 2,216.42 | |
| Parabolic SAR (0,02-0,02-0,2): | 2,193.16 | |
| Elder Ray (13): | 4.88 | |
| Super Trend (3,10): | 2,248.37 | |
| Zig ZAG (10): | 2,231.33 | |
| VORTEX (21): | 0.9700 | |
| Stochastique (14,3,5): | 87.08 | |
| TEMA (21): | 2,227.49 | |
| Williams %R (14): | -18.90 | |
| Chande Momentum Oscillator (20): | 14.20 | |
| Repulse (5,40,3): | 0.2600 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.1000 | |
| Courbe Coppock: | 1.82 |
| MA7: | 2,299.57 | |
| MA20: | 2,176.31 | |
| MA50: | 2,021.63 | |
| MA100: | 1,819.12 | |
| MAexp7: | 2,229.98 | |
| MAexp20: | 2,232.25 | |
| MAexp50: | 2,261.01 | |
| MAexp100: | 2,281.11 | |
| Price / MA7: | -2.98% | |
| Price / MA20: | +2.52% | |
| Price / MA50: | +10.36% | |
| Price / MA100: | +22.65% | |
| Price / MAexp7: | +0.05% | |
| Price / MAexp20: | -0.05% | |
| Price / MAexp50: | -1.32% | |
| Price / MAexp100: | -2.19% |
Quotes :
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Real time data
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Cryptocompare
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