ETHEREUM - ETH/USDT - Daily - Technical analysis published on 05/19/2024 (GMT)
- 378
- 0
- Timeframe : Daily
- - Analysis generated on
- Status : NEUTRAL
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Slightly bearish
Technical indicators
67%
0%
33%
My opinion
Neutral between 2,764.32 USDT and 3,243.67 USDT
My targets
-
My analysis
A slightly bearish trend and a neutral short term. With such a pattern, it is difficult to favour buying or selling. The first support is located at 2,764.32 USDT. The first resistance is located at 3,243.67 USDT. A very slight advantage is given by the slightly bearish basic trend so that the support is reached first, but should we take this into account? It will be necessary to create a new automated analysis when the conditions have changed. This could be the case, for example, when the first support has been broken below or the first resistance has been broken above.
In the very short term, despite the neutral opinion of this analysis, technical indicators are bullish and could soon allow change to a bullish sentiment.
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This analysis was given by MikeJones. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The ETHEREUM - ETH/USDT rating is 3,078.89 USDT. The price registered a decrease of -1.41% on the session and was between 3,058.46 USDT and 3,136.55 USDT. This implies that the price is at +0.67% from its lowest and at -1.84% from its highest.3,058.46
3,136.55
3,078.89
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
Here is a more detailed summary of the historical variations registered by ETHEREUM - ETH/USDT:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of ETHEREUM - ETH/USDT in Daily shows an overall slightly bearish trend. 57.14% of the signals given by moving averages are bullish. As the signals currently given by short-term moving averages are rather neutral, the overall trend could quickly return to neutral as well. An assessment of moving averages reveals a bullish signal that could impact this trend:
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : Daily
In fact, 12 technical indicators on 18 studied are currently bullish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 1
Type : Neutral
Timeframe : Daily
RSI indicator is back over 50
Type : Bullish
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Williams %R indicator is back over -50
Type : Bullish
Timeframe : Daily
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near resistance of triangle
Type : Bearish
Timeframe : Daily
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 | 1,938.78 | 2,118.76 | 2,764.32 | 3,078.89 | 3,243.67 | 3,694.92 | 4,064.95 |
| Change (%) | -37.03% | -31.18% | -10.22% | - | +5.35% | +20.01% | +32.03% |
| Change | -1,140.11 | -960.13 | -314.57 | - | +164.78 | +616.03 | +986.06 |
| Level | Minor | Major | Major | - | Intermediate | 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 | 3,030.59 | 3,057.25 | 3,090.13 | 3,116.79 | 3,149.67 | 3,176.33 | 3,209.21 |
| Camarilla | 3,106.65 | 3,112.10 | 3,117.56 | 3,123.02 | 3,128.48 | 3,133.94 | 3,139.39 |
| Woodie | 3,033.71 | 3,058.81 | 3,093.25 | 3,118.35 | 3,152.79 | 3,177.89 | 3,212.33 |
| Fibonacci | 3,057.25 | 3,079.99 | 3,094.04 | 3,116.79 | 3,139.53 | 3,153.58 | 3,176.33 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2,661.03 | 2,761.59 | 2,942.31 | 3,042.87 | 3,223.59 | 3,324.15 | 3,504.87 |
| Camarilla | 3,045.67 | 3,071.45 | 3,097.24 | 3,123.02 | 3,148.80 | 3,174.59 | 3,200.37 |
| Woodie | 2,701.10 | 2,781.63 | 2,982.38 | 3,062.91 | 3,263.66 | 3,344.19 | 3,544.94 |
| Fibonacci | 2,761.59 | 2,869.04 | 2,935.42 | 3,042.87 | 3,150.32 | 3,216.70 | 3,324.15 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,804.33 | 2,332.58 | 2,673.38 | 3,201.63 | 3,542.43 | 4,070.68 | 4,411.48 |
| Camarilla | 2,775.19 | 2,854.85 | 2,934.52 | 3,014.18 | 3,093.84 | 3,173.51 | 3,253.17 |
| Woodie | 1,710.61 | 2,285.72 | 2,579.66 | 3,154.77 | 3,448.71 | 4,023.82 | 4,317.76 |
| Fibonacci | 2,332.58 | 2,664.56 | 2,869.65 | 3,201.63 | 3,533.61 | 3,738.70 | 4,070.68 |
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): | 50.10 | |
| MACD (12,26,9): | -35.2800 | |
| Directional Movement: | 1.91 | |
| AROON (14): | -57.15 | |
| DEMA (21): | 2,981.64 | |
| Parabolic SAR (0,02-0,02-0,2): | 3,189.24 | |
| Elder Ray (13): | 70.51 | |
| Super Trend (3,10): | 3,295.90 | |
| Zig ZAG (10): | 3,069.00 | |
| VORTEX (21): | 0.9300 | |
| Stochastique (14,3,5): | 64.94 | |
| TEMA (21): | 3,009.08 | |
| Williams %R (14): | -41.45 | |
| Chande Momentum Oscillator (20): | 65.82 | |
| Repulse (5,40,3): | 0.9800 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.2800 | |
| Courbe Coppock: | 3.23 |
| MA7: | 3,013.77 | |
| MA20: | 3,012.43 | |
| MA50: | 3,165.33 | |
| MA100: | 3,254.92 | |
| MAexp7: | 3,037.52 | |
| MAexp20: | 3,041.19 | |
| MAexp50: | 3,123.25 | |
| MAexp100: | 3,066.90 | |
| Price / MA7: | +2.16% | |
| Price / MA20: | +2.21% | |
| Price / MA50: | -2.73% | |
| Price / MA100: | -5.41% | |
| Price / MAexp7: | +1.36% | |
| Price / MAexp20: | +1.24% | |
| Price / MAexp50: | -1.42% | |
| Price / MAexp100: | +0.39% |
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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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…
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