ETHEREUM NAME SERVICE - ENS/USD - 1H - Technical analysis published on 05/04/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Bullish
Technical indicators
56%
6%
39%
My opinion
Bullish above 11.87 USD
My targets
12.21 USD (+1.75%)
12.50 USD (+4.17%)
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 11.87 USD. The buyers' bullish objective is set at 12.21 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 12.50 USD. If there is any crossing, the next objective would be the resistance located at 12.88 USD.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
5.9
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The ETHEREUM NAME SERVICE - ENS/USD rating is 12.00 USD. The price registered a decrease of -0.08% on the session and was between 11.90 USD and 12.05 USD. This implies that the price is at +0.84% from its lowest and at -0.41% from its highest.11.90
12.05
12.00
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.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of ETHEREUM NAME SERVICE - ENS/USD in 1H shows an overall bullish trend. 75.00% of the signals given by moving averages are bullish. This bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
The probability of a further increase are moderate given the direction of the technical indicators.
Other results related to technical indicators were also found by the Central Indicators scanner:
MACD crosses DOWN its Moving Average
Type : Bearish
Timeframe : 1 hour
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
The presence of these Japanese chandelier patterns detected by Central Candlesticks that could impact the current short-term trend were also noted:
Bullish harami cross
Type : Bullish
Timeframe : 1 hour
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 11.44 | 11.70 | 11.87 | 12.00 | 12.04 | 12.21 | 12.50 |
| Change (%) | -4.67% | -2.50% | -1.08% | - | +0.33% | +1.75% | +4.17% |
| Change | -0.56 | -0.30 | -0.13 | - | +0.04 | +0.21 | +0.50 |
| Level | Minor | Intermediate | Intermediate | - | Minor | Intermediate | 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 | 10.98 | 11.18 | 11.60 | 11.80 | 12.22 | 12.42 | 12.84 |
| Camarilla | 11.84 | 11.90 | 11.95 | 12.01 | 12.07 | 12.12 | 12.18 |
| Woodie | 11.08 | 11.24 | 11.70 | 11.86 | 12.32 | 12.48 | 12.94 |
| Fibonacci | 11.18 | 11.42 | 11.57 | 11.80 | 12.04 | 12.19 | 12.42 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9.97 | 10.63 | 11.49 | 12.15 | 13.01 | 13.67 | 14.53 |
| Camarilla | 11.93 | 12.07 | 12.21 | 12.35 | 12.49 | 12.63 | 12.77 |
| Woodie | 10.07 | 10.68 | 11.59 | 12.20 | 13.11 | 13.72 | 14.63 |
| Fibonacci | 10.63 | 11.21 | 11.57 | 12.15 | 12.73 | 13.09 | 13.67 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.34 | 8.82 | 10.41 | 12.89 | 14.48 | 16.96 | 18.55 |
| Camarilla | 10.89 | 11.26 | 11.64 | 12.01 | 12.38 | 12.76 | 13.13 |
| Woodie | 5.91 | 8.60 | 9.98 | 12.67 | 14.05 | 16.74 | 18.12 |
| Fibonacci | 8.82 | 10.37 | 11.33 | 12.89 | 14.44 | 15.40 | 16.96 |
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): | 57.97 | |
| MACD (12,26,9): | 0.0800 | |
| Directional Movement: | 2.82 | |
| AROON (14): | 57.14 | |
| DEMA (21): | 12.00 | |
| Parabolic SAR (0,02-0,02-0,2): | 12.05 | |
| Elder Ray (13): | 0.03 | |
| Super Trend (3,10): | 11.76 | |
| Zig ZAG (10): | 11.98 | |
| VORTEX (21): | 1.2400 | |
| Stochastique (14,3,5): | 77.86 | |
| TEMA (21): | 12.04 | |
| Williams %R (14): | -19.35 | |
| Chande Momentum Oscillator (20): | 0.01 | |
| Repulse (5,40,3): | 0.1700 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1000 | |
| Courbe Coppock: | 5.09 |
| MA7: | 12.02 | |
| MA20: | 12.61 | |
| MA50: | 13.14 | |
| MA100: | 13.99 | |
| MAexp7: | 11.97 | |
| MAexp20: | 11.88 | |
| MAexp50: | 11.81 | |
| MAexp100: | 11.84 | |
| Price / MA7: | -0.17% | |
| Price / MA20: | -4.84% | |
| Price / MA50: | -8.68% | |
| Price / MA100: | -14.22% | |
| Price / MAexp7: | +0.25% | |
| Price / MAexp20: | +1.01% | |
| Price / MAexp50: | +1.61% | |
| Price / MAexp100: | +1.35% |
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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