ETHEREUM NAME SERVICE - ENS/USD - 1H - Technical analysis published on 01/21/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
67%
11%
22%
My opinion
Bullish above 14.93 USD
My targets
15.42 USD (+1.98%)
15.71 USD (+3.90%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on ETHEREUM NAME SERVICE - ENS/USD as long as the price remains well above 14.93 USD. The buyers' bullish objective is set at 15.42 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 15.71 USD. If there is any crossing, the next objective would be the resistance located at 17.22 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
7.5
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
ETHEREUM NAME SERVICE - ENS/USD rating 15.12 USD. The price is lower by -0.07% since the last closing with the lowest point at 14.95 USD and the highest point at 15.34 USD. The deviation from the price is +1.14% for the low point and -1.43% for the high point.14.95
15.34
15.12
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of ETHEREUM NAME SERVICE - ENS/USD in 1H shows a strongly overall bullish trend. 89.29% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, according to the parameters integrated into the Central Analyzer system, 12 technical indicators out of 18 analysed are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 13.62 | 14.15 | 14.93 | 15.12 | 15.42 | 15.71 | 17.22 |
| Change (%) | -9.92% | -6.42% | -1.26% | - | +1.98% | +3.90% | +13.89% |
| Change | -1.50 | -0.97 | -0.19 | - | +0.30 | +0.59 | +2.10 |
| Level | Minor | Major | Minor | - | Intermediate | Minor | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 12.98 | 13.45 | 14.29 | 14.76 | 15.60 | 16.07 | 16.91 |
| Camarilla | 14.77 | 14.89 | 15.01 | 15.13 | 15.25 | 15.37 | 15.49 |
| Woodie | 13.17 | 13.54 | 14.48 | 14.85 | 15.79 | 16.16 | 17.10 |
| Fibonacci | 13.45 | 13.95 | 14.26 | 14.76 | 15.26 | 15.57 | 16.07 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8.88 | 10.09 | 12.04 | 13.25 | 15.20 | 16.41 | 18.36 |
| Camarilla | 13.11 | 13.40 | 13.69 | 13.98 | 14.27 | 14.56 | 14.85 |
| Woodie | 9.24 | 10.28 | 12.40 | 13.44 | 15.56 | 16.60 | 18.72 |
| Fibonacci | 10.09 | 11.30 | 12.05 | 13.25 | 14.46 | 15.21 | 16.41 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.76 | 6.69 | 8.71 | 11.64 | 13.66 | 16.59 | 18.61 |
| Camarilla | 9.37 | 9.82 | 10.28 | 10.73 | 11.18 | 11.64 | 12.09 |
| Woodie | 3.31 | 6.46 | 8.26 | 11.41 | 13.21 | 16.36 | 18.16 |
| Fibonacci | 6.69 | 8.58 | 9.75 | 11.64 | 13.53 | 14.70 | 16.59 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 73.95 | |
| MACD (12,26,9): | 0.2900 | |
| Directional Movement: | 20.30 | |
| AROON (14): | 92.86 | |
| DEMA (21): | 15.15 | |
| Parabolic SAR (0,02-0,02-0,2): | 14.95 | |
| Elder Ray (13): | 0.33 | |
| Super Trend (3,10): | 14.52 | |
| Zig ZAG (10): | 15.21 | |
| VORTEX (21): | 1.2400 | |
| Stochastique (14,3,5): | 86.52 | |
| TEMA (21): | 15.29 | |
| Williams %R (14): | -11.54 | |
| Chande Momentum Oscillator (20): | 0.57 | |
| Repulse (5,40,3): | -0.0900 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.2700 | |
| Courbe Coppock: | 11.64 |
| MA7: | 14.42 | |
| MA20: | 12.92 | |
| MA50: | 12.46 | |
| MA100: | 13.86 | |
| MAexp7: | 15.10 | |
| MAexp20: | 14.78 | |
| MAexp50: | 14.42 | |
| MAexp100: | 14.21 | |
| Price / MA7: | +4.85% | |
| Price / MA20: | +17.03% | |
| Price / MA50: | +21.35% | |
| Price / MA100: | +9.09% | |
| Price / MAexp7: | +0.13% | |
| Price / MAexp20: | +2.30% | |
| Price / MAexp50: | +4.85% | |
| Price / MAexp100: | +6.40% |
Quotes :
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Real time data
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This member declared not having a position on this financial instrument or a related financial instrument.
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