ETHEREUM NAME SERVICE - ENS/USD - 1H - Technical analysis published on 06/16/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Slightly bullish
Technical indicators
94%
0%
6%
My opinion
Bullish above 7.54 USD
My targets
7.74 USD (+1.31%)
8.26 USD (+8.15%)
My analysis
ETHEREUM NAME SERVICE - ENS/USD is currently trying to strengthen its basic trend with a very bullish short term. As long as the price remains above 7.54 USD, traders may consider taking advantage of this bullish acceleration and setting themselves to trade only long positions (at the time of purchase). Buyers will encounter the resistance at 7.74 USD. A bullish break in this resistance would confirm a continuation of the bullish acceleration. The next resistance located at 8.26 USD would then be the next bullish objective for buyers. Crossing it would then enable buyers to target 8.92 USD. Beware of a possible return to under the support located at 7.54 USD which would be the sign of a correction of the bullish excesses registered in the short term.
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 7.64 USD. On the day, this instrument gained +4.51% and was between 7.24 USD and 7.64 USD. This implies that the price is at +5.52% from its lowest and at 0% from its highest.7.24
7.64
7.64
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new LOW record (5 years)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of ETHEREUM NAME SERVICE - ENS/USD indicates that the overall trend is slightly bullish. 60.71% of the signals given by moving averages are bullish. The overall trend could accelerate as strong bullish signals from short-term moving averages are expected. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : 1 hour
CCI indicator is overbought : over 100
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 : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects these signals that could have an impact on the current short-term trend:
Doji
Type : Neutral
Timeframe : 1 hour
Three white soldiers
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 7.02 | 7.25 | 7.54 | 7.64 | 7.74 | 8.92 | 9.19 |
| Change (%) | -8.12% | -5.10% | -1.31% | - | +1.31% | +16.75% | +20.29% |
| Change | -0.62 | -0.39 | -0.10 | - | +0.10 | +1.28 | +1.55 |
| Level | Minor | Intermediate | Minor | - | Intermediate | Minor | Minor |
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 | 6.64 | 6.83 | 7.07 | 7.26 | 7.50 | 7.69 | 7.93 |
| Camarilla | 7.19 | 7.23 | 7.27 | 7.31 | 7.35 | 7.39 | 7.43 |
| Woodie | 6.67 | 6.84 | 7.10 | 7.27 | 7.53 | 7.70 | 7.96 |
| Fibonacci | 6.83 | 6.99 | 7.10 | 7.26 | 7.42 | 7.53 | 7.69 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.92 | 4.89 | 6.29 | 8.26 | 9.66 | 11.63 | 13.03 |
| Camarilla | 6.75 | 7.06 | 7.37 | 7.68 | 7.99 | 8.30 | 8.61 |
| Woodie | 2.63 | 4.75 | 6.00 | 8.12 | 9.37 | 11.49 | 12.74 |
| Fibonacci | 4.89 | 6.18 | 6.98 | 8.26 | 9.55 | 10.35 | 11.63 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.46 | 8.05 | 9.03 | 10.62 | 11.60 | 13.19 | 14.17 |
| Camarilla | 9.30 | 9.54 | 9.77 | 10.01 | 10.25 | 10.48 | 10.72 |
| Woodie | 6.16 | 7.90 | 8.73 | 10.47 | 11.30 | 13.04 | 13.87 |
| Fibonacci | 8.05 | 9.03 | 9.64 | 10.62 | 11.60 | 12.21 | 13.19 |
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): | 69.59 | |
| MACD (12,26,9): | 0.0600 | |
| Directional Movement: | 15.11 | |
| AROON (14): | 100.00 | |
| DEMA (21): | 7.46 | |
| Parabolic SAR (0,02-0,02-0,2): | 7.37 | |
| Elder Ray (13): | 0.13 | |
| Super Trend (3,10): | 7.33 | |
| Zig ZAG (10): | 7.59 | |
| VORTEX (21): | 1.3300 | |
| Stochastique (14,3,5): | 93.40 | |
| TEMA (21): | 7.53 | |
| Williams %R (14): | 0.00 | |
| Chande Momentum Oscillator (20): | 0.28 | |
| Repulse (5,40,3): | 2.6100 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0700 | |
| Courbe Coppock: | 4.32 |
| MA7: | 7.50 | |
| MA20: | 9.03 | |
| MA50: | 10.12 | |
| MA100: | 11.69 | |
| MAexp7: | 7.49 | |
| MAexp20: | 7.40 | |
| MAexp50: | 7.38 | |
| MAexp100: | 7.49 | |
| Price / MA7: | +1.87% | |
| Price / MA20: | -15.39% | |
| Price / MA50: | -24.51% | |
| Price / MA100: | -34.64% | |
| Price / MAexp7: | +2.00% | |
| Price / MAexp20: | +3.24% | |
| Price / MAexp50: | +3.52% | |
| Price / MAexp100: | +2.00% |
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.
About author
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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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