ETHEREUM - ETH/USD - 1H - Technical analysis published on 11/24/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Slightly bullish
Technical indicators
22%
56%
22%
My opinion
Bearish under 3,370.64 USD
My targets
3,262.93 USD (-1.48%)
3,222.42 USD (-2.70%)
My analysis
The strong short-term decline in ETHEREUM - ETH/USD calls into question the currently slightly bullish basic trend. A trend reversal is likely. As long as the price remains below the resistance located at 3,370.64 USD, one could consider taking advantage of the short-term movement. The first bearish objective is located at 3,262.93 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 3,222.42 USD as an objective. Crossing it would then enable sellers to target 3,162.20 USD. Be careful, a return to above 3,370.64 USD could jeopardize the reversal.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
1.8
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This analysis was given by LJ93612. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The ETHEREUM - ETH/USD price is 3,311.93 USD. On the day, this instrument lost -2.51% and was traded between 3,287.21 USD and 3,453.08 USD over the period. The price is currently at +0.75% from its lowest and -4.09% from its highest.3,287.21
3,453.08
3,311.93
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.
Bullish opening
Type : Bullish
Timeframe : Openning
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by ETHEREUM - ETH/USD:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of ETHEREUM - ETH/USD in 1H shows an overall slightly bullish trend. 53.57% of the signals given by moving averages are bullish. Caution: a reversal of the trend could be possible given the strong bearish signals of short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:
Bullish trend reversal : adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near support of channel
Type : Bullish
Timeframe : 1 hour
For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:
Bearish harami
Type : Bearish
Timeframe : 1 hour
Bearish harami cross
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 3,162.20 | 3,222.42 | 3,262.93 | 3,311.93 | 3,370.64 | 3,429.11 | 3,529.12 |
| Change (%) | -4.52% | -2.70% | -1.48% | - | +1.77% | +3.54% | +6.56% |
| Change | -149.73 | -89.51 | -49.00 | - | +58.71 | +117.18 | +217.19 |
| Level | Minor | Intermediate | Minor | - | Major | Major | Intermediate |
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 | 3,127.15 | 3,222.47 | 3,309.87 | 3,405.19 | 3,492.59 | 3,587.91 | 3,675.31 |
| Camarilla | 3,347.02 | 3,363.77 | 3,380.52 | 3,397.27 | 3,414.02 | 3,430.77 | 3,447.52 |
| Woodie | 3,123.19 | 3,220.49 | 3,305.91 | 3,403.21 | 3,488.63 | 3,585.93 | 3,671.35 |
| Fibonacci | 3,222.47 | 3,292.27 | 3,335.39 | 3,405.19 | 3,474.99 | 3,518.11 | 3,587.91 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2,652.00 | 2,842.35 | 3,119.81 | 3,310.16 | 3,587.62 | 3,777.97 | 4,055.43 |
| Camarilla | 3,268.62 | 3,311.51 | 3,354.39 | 3,397.27 | 3,440.15 | 3,483.04 | 3,525.92 |
| Woodie | 2,695.56 | 2,864.13 | 3,163.37 | 3,331.94 | 3,631.18 | 3,799.75 | 4,098.99 |
| Fibonacci | 2,842.35 | 3,021.05 | 3,131.46 | 3,310.16 | 3,488.86 | 3,599.27 | 3,777.97 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,870.71 | 2,099.93 | 2,307.44 | 2,536.66 | 2,744.17 | 2,973.39 | 3,180.90 |
| Camarilla | 2,394.85 | 2,434.88 | 2,474.92 | 2,514.95 | 2,554.98 | 2,595.02 | 2,635.05 |
| Woodie | 1,859.86 | 2,094.50 | 2,296.59 | 2,531.23 | 2,733.32 | 2,967.96 | 3,170.05 |
| Fibonacci | 2,099.93 | 2,266.76 | 2,369.83 | 2,536.66 | 2,703.49 | 2,806.56 | 2,973.39 |
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): | 37.46 | |
| MACD (12,26,9): | -21.1300 | |
| Directional Movement: | -18.82 | |
| AROON (14): | -64.29 | |
| DEMA (21): | 3,343.66 | |
| Parabolic SAR (0,02-0,02-0,2): | 3,400.00 | |
| Elder Ray (13): | -31.74 | |
| Super Trend (3,10): | 3,418.77 | |
| Zig ZAG (10): | 3,315.47 | |
| VORTEX (21): | 0.8500 | |
| Stochastique (14,3,5): | 15.91 | |
| TEMA (21): | 3,313.25 | |
| Williams %R (14): | -82.33 | |
| Chande Momentum Oscillator (20): | -105.05 | |
| Repulse (5,40,3): | -0.3200 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0400 | |
| Courbe Coppock: | 5.51 |
| MA7: | 3,256.94 | |
| MA20: | 3,114.97 | |
| MA50: | 2,764.55 | |
| MA100: | 2,634.37 | |
| MAexp7: | 3,330.71 | |
| MAexp20: | 3,364.65 | |
| MAexp50: | 3,362.72 | |
| MAexp100: | 3,317.26 | |
| Price / MA7: | +1.69% | |
| Price / MA20: | +6.32% | |
| Price / MA50: | +19.80% | |
| Price / MA100: | +25.72% | |
| Price / MAexp7: | -0.57% | |
| Price / MAexp20: | -1.57% | |
| Price / MAexp50: | -1.51% | |
| Price / MAexp100: | -0.16% |
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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