ETHEREUM - ETH/USDT - 1H - Technical analysis published on 01/05/2024 (GMT)
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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:
Neutral
Underlying:
Bearish
Technical indicators
17%
39%
44%
My opinion
Bearish under 2,293.65 USDT
My targets
2,205.24 USDT (-2.06%)
2,177.96 USDT (-3.27%)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on ETHEREUM - ETH/USDT. As long as you are under the resistance located at 2,293.65 USDT, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 2,205.24 USDT would be a signal of a reversal in the basic trend and the short-term trend could then quickly become bearish. Sellers would then use the next support located at 2,177.96 USDT as an objective. Crossing it would then enable sellers to target 2,155.59 USDT. If the resistance 2,293.65 USDT were to be broken, this would simply be a sign of possible further short-term consolidation and trading against this trend would then perhaps be more risky.
In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
Force
0
10
4.6
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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 2,251.61 USDT. On the day, this instrument lost -0.69% and was between 2,219.19 USDT and 2,274.69 USDT. This implies that the price is at +1.46% from its lowest and at -1.01% from its highest.2,219.19
2,274.69
2,251.61
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
A study of price movements over other periods shows the following variations:
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this ETHEREUM - ETH/USDT chart shows a bearish trend. The signals given by moving averages are 78.57% bearish. This bearish trend could slow down given the neutral signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:
Bullish price crossover with Moving Average 50
Type : Bullish
Timeframe : 1 hour
An assessment of technical indicators shows a slightly bearish signal.
No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects these signals that could have an impact on the current short-term trend:
Bullish harami
Type : Bullish
Timeframe : 1 hour
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 2,155.59 | 2,177.96 | 2,205.24 | 2,251.61 | 2,261.06 | 2,293.65 | 2,321.99 |
| Change (%) | -4.26% | -3.27% | -2.06% | - | +0.42% | +1.87% | +3.13% |
| Change | -96.02 | -73.65 | -46.37 | - | +9.45 | +42.04 | +70.38 |
| Level | Minor | Intermediate | Minor | - | Major | Intermediate | Minor |
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 | 2,123.51 | 2,162.75 | 2,214.97 | 2,254.21 | 2,306.43 | 2,345.67 | 2,397.89 |
| Camarilla | 2,242.03 | 2,250.41 | 2,258.80 | 2,267.18 | 2,275.56 | 2,283.95 | 2,292.33 |
| Woodie | 2,129.99 | 2,166.00 | 2,221.45 | 2,257.46 | 2,312.91 | 2,348.92 | 2,404.37 |
| Fibonacci | 2,162.75 | 2,197.69 | 2,219.28 | 2,254.21 | 2,289.15 | 2,310.74 | 2,345.67 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,953.85 | 2,083.02 | 2,187.34 | 2,316.51 | 2,420.83 | 2,550.00 | 2,654.32 |
| Camarilla | 2,227.45 | 2,248.85 | 2,270.26 | 2,291.66 | 2,313.06 | 2,334.47 | 2,355.87 |
| Woodie | 1,941.43 | 2,076.81 | 2,174.92 | 2,310.30 | 2,408.41 | 2,543.79 | 2,641.90 |
| Fibonacci | 2,083.02 | 2,172.21 | 2,227.32 | 2,316.51 | 2,405.70 | 2,460.81 | 2,550.00 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,669.45 | 1,857.44 | 2,069.70 | 2,257.69 | 2,469.95 | 2,657.94 | 2,870.20 |
| Camarilla | 2,171.89 | 2,208.58 | 2,245.27 | 2,281.96 | 2,318.65 | 2,355.34 | 2,392.03 |
| Woodie | 1,681.59 | 1,863.51 | 2,081.84 | 2,263.76 | 2,482.09 | 2,664.01 | 2,882.34 |
| Fibonacci | 1,857.44 | 2,010.34 | 2,104.80 | 2,257.69 | 2,410.59 | 2,505.05 | 2,657.94 |
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): | 48.71 | |
| MACD (12,26,9): | -1.4600 | |
| Directional Movement: | -4.75 | |
| AROON (14): | -42.86 | |
| DEMA (21): | 2,250.86 | |
| Parabolic SAR (0,02-0,02-0,2): | 2,283.66 | |
| Elder Ray (13): | 2.15 | |
| Super Trend (3,10): | 2,221.49 | |
| Zig ZAG (10): | 2,251.56 | |
| VORTEX (21): | 1.0900 | |
| Stochastique (14,3,5): | 45.75 | |
| TEMA (21): | 2,255.80 | |
| Williams %R (14): | -56.81 | |
| Chande Momentum Oscillator (20): | -22.23 | |
| Repulse (5,40,3): | -0.2900 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 1.58 |
| MA7: | 2,286.99 | |
| MA20: | 2,273.31 | |
| MA50: | 2,198.77 | |
| MA100: | 1,976.30 | |
| MAexp7: | 2,251.17 | |
| MAexp20: | 2,252.97 | |
| MAexp50: | 2,264.31 | |
| MAexp100: | 2,282.25 | |
| Price / MA7: | -1.55% | |
| Price / MA20: | -0.95% | |
| Price / MA50: | +2.40% | |
| Price / MA100: | +13.93% | |
| Price / MAexp7: | +0.02% | |
| Price / MAexp20: | -0.06% | |
| Price / MAexp50: | -0.56% | |
| Price / MAexp100: | -1.34% |
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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