ETHEREUM - ETH/USD - Weekly - Technical analysis published on 06/18/2022 (GMT)
- 254
- 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 : Weekly
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Bearish
Technical indicators
11%
72%
17%
My opinion
Bearish under 1,442.12 USD
My targets
943.80 USD (-5.68%)
476.13 USD (-52.42%)
My analysis
ETHEREUM - ETH/USD 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 1,442.12 USD. The next support located at 943.80 USD 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 476.13 USD.
Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.
Force
0
10
5.5
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 Gstar99. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The ETHEREUM - ETH/USD rating is 1,000.63 USD. The price registered a decrease of -30.23% over 5 days and has been traded over the last 5 days between 1,014.24 USD and 1,263.54 USD. This implies that the 5 day price is -1.34% from its lowest point and -20.81% from its highest point.1,014.24
1,263.54
1,000.63
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
New LOW record (1 year)
Type : Bearish
Timeframe : Weekly
New LOW record (1st january)
Type : Bearish
Timeframe : Weekly
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of ETHEREUM - ETH/USD in Weekly shows an overall bearish trend. The signals given by moving averages are 67.86% bearish. This bearish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
Technical indicators are strongly bearish, suggesting that the price decline is expected to continue.
But beware of excesses. The Central Indicators scanner currently detects this:
RSI indicator is oversold : under 30
Type : Neutral
Timeframe : Weekly
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Weekly
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Weekly
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
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:
Three black crows
Type : Bearish
Timeframe : Weekly
ProTrendLines
S1
R1
R2
R3
Price
| S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|
| ProTrendLines | 476.13 | 1,000.63 | 2,412.93 | 3,521.87 | 4,176.00 |
| Change (%) | -52.42% | - | +141.14% | +251.97% | +317.34% |
| Change | -524.50 | - | +1,412.30 | +2,521.24 | +3,175.37 |
| Level | Intermediate | - | Minor | Major | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 986.04 | 1,018.14 | 1,051.67 | 1,083.77 | 1,117.30 | 1,149.40 | 1,182.93 |
| Camarilla | 1,067.16 | 1,073.18 | 1,079.19 | 1,085.21 | 1,091.23 | 1,097.24 | 1,103.26 |
| Woodie | 986.77 | 1,018.50 | 1,052.40 | 1,084.13 | 1,118.03 | 1,149.76 | 1,183.66 |
| Fibonacci | 1,018.14 | 1,043.21 | 1,058.70 | 1,083.77 | 1,108.84 | 1,124.33 | 1,149.40 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 962.87 | 1,231.45 | 1,380.68 | 1,649.26 | 1,798.49 | 2,067.07 | 2,216.30 |
| Camarilla | 1,415.01 | 1,453.31 | 1,491.61 | 1,529.91 | 1,568.21 | 1,606.51 | 1,644.81 |
| Woodie | 903.20 | 1,201.61 | 1,321.01 | 1,619.42 | 1,738.82 | 2,037.23 | 2,156.63 |
| Fibonacci | 1,231.45 | 1,391.05 | 1,489.66 | 1,649.26 | 1,808.86 | 1,907.47 | 2,067.07 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 181.76 | 943.80 | 1,442.12 | 2,204.16 | 2,702.48 | 3,464.52 | 3,962.84 |
| Camarilla | 1,593.84 | 1,709.37 | 1,824.91 | 1,940.44 | 2,055.97 | 2,171.51 | 2,287.04 |
| Woodie | 49.90 | 877.87 | 1,310.26 | 2,138.23 | 2,570.62 | 3,398.59 | 3,830.98 |
| Fibonacci | 943.80 | 1,425.26 | 1,722.70 | 2,204.16 | 2,685.62 | 2,983.06 | 3,464.52 |
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): | 25.25 | |
| MACD (12,26,9): | -450.4900 | |
| Directional Movement: | -27.21 | |
| AROON (14): | -78.57 | |
| DEMA (21): | 1,908.16 | |
| Parabolic SAR (0,02-0,02-0,2): | 3,253.28 | |
| Elder Ray (13): | -893.47 | |
| Super Trend (3,10): | 2,627.48 | |
| Zig ZAG (10): | 998.36 | |
| VORTEX (21): | 0.8600 | |
| Stochastique (14,3,5): | 2.53 | |
| TEMA (21): | 1,498.61 | |
| Williams %R (14): | -99.18 | |
| Chande Momentum Oscillator (20): | -2,300.55 | |
| Repulse (5,40,3): | -100.3200 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -1.3200 | |
| Courbe Coppock: | 66.92 |
| MA7: | 1,176.49 | |
| MA20: | 1,582.44 | |
| MA50: | 1,963.72 | |
| MA100: | 2,504.89 | |
| MAexp7: | 1,778.70 | |
| MAexp20: | 2,415.68 | |
| MAexp50: | 2,663.34 | |
| MAexp100: | 2,279.20 | |
| Price / MA7: | -14.95% | |
| Price / MA20: | -36.77% | |
| Price / MA50: | -49.04% | |
| Price / MA100: | -60.05% | |
| Price / MAexp7: | -43.74% | |
| Price / MAexp20: | -58.58% | |
| Price / MAexp50: | -62.43% | |
| Price / MAexp100: | -56.10% |
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/USD - Weekly