ETHEREUM – ETH/USDT – 1H – Technical analysis published on 11/16/2020

By November 16, 2020Ethereum
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Summary of the analysis

My analysis

Attention: This analysis is for information purposes only and does not constitute personalized investment advice or an incentive 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 analysis. 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.

Additional analysis

Quotes

The ETHEREUM - ETH/USDT price is 449.03 USDT. The price has increased by +0.25% since the last closing with the lowest point at 445.59 USDT and the highest point at 450.89 USDT. The deviation from the price is +0.77% for the low point and -0.41% for the high point.

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.

A study of price movements over other periods shows the following variations:

Technical

Technical analysis of ETHEREUM - ETH/USDT in 1H shows a overall strongly bearish trend. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. An assessment of moving averages reveals a bullish signal that could impact this trend:

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: The Central Indicators scanner found this result concerning these indicators:

No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

Attention could also be paid to pivot points to set price objectives:

Numerical data

The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

My analysis

Attention: This analysis is for information purposes only and does not constitute personalized investment advice or an incentive to buy or sell financial […]

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