ETHEREUM - ETH/USDT - 1H - Technical analysis published on 04/19/2020 (GMT)
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I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
ETHEREUM - ETH/USDT Chart
Summary of the analysis
Trends
Court terme:
Neutral
De fond:
Bullish
Technical indicators
17%
39%
44%
My opinion
Bullish above 174.41 USDT
My targets
191.64 USDT (+5.19%)
201.31 USDT (+10.50%)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on ETHEREUM - ETH/USDT. As long as you are above the support located at 174.41 USDT, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 191.64 USDT would be a signal that the basic trade will reverse and the short-term trend could then quickly become bullish. Buyers would then use the next resistance located at 201.31 USDT as an objective. Crossing it would then enable buyers to target 217.51 USDT. If the support 174.41 USDT were to be broken, this would simply be a sign of a possible continuation of short-term consolidation and trading against the trend would then perhaps be more risky.
In the very short term, the general bullish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bullish direction is still favored, however the current short term bearish correction should be carefully watched.
FORCE
0
10
1.8
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This analysis was given by Patron292.
Additional analysis
Quotes
ETHEREUM - ETH/USDT rating 182.19 USDT. The price has increased by -2.81% since the last closing with the lowest point at 179.45 USDT and the highest point at 188.21 USDT. The deviation from the price is +1.53% for the low point and -3.20% for the high point.179.45
188.21
182.19
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by ETHEREUM - ETH/USDT:
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 - ETH/USDT in 1H shows an overall bullish trend. 71.43% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. There is no crossing of moving average by the price or crossing of moving averages between themselves.
The probability of a further decline is low given the direction of the technical indicators.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Support of channel is broken
Type : Bearish
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
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 168.71 | 172.48 | 174.41 | 182.19 | 191.64 | 217.51 | 244.92 |
| Change (%) | -7.40% | -5.33% | -4.27% | - | +5.19% | +19.39% | +34.43% |
| Change | -13.48 | -9.71 | -7.78 | - | +9.45 | +35.32 | +62.73 |
| Level | Minor | Intermediate | Minor | - | Major | Minor | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 157.19 | 163.92 | 175.69 | 182.42 | 194.19 | 200.92 | 212.69 |
| Camarilla | 182.37 | 184.07 | 185.76 | 187.46 | 189.16 | 190.85 | 192.55 |
| Woodie | 159.71 | 165.18 | 178.21 | 183.68 | 196.71 | 202.18 | 215.21 |
| Fibonacci | 163.92 | 170.99 | 175.35 | 182.42 | 189.49 | 193.85 | 200.92 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 121.57 | 135.43 | 161.44 | 175.30 | 201.31 | 215.17 | 241.18 |
| Camarilla | 176.50 | 180.15 | 183.81 | 187.46 | 191.12 | 194.77 | 198.42 |
| Woodie | 127.66 | 138.47 | 167.53 | 178.34 | 207.40 | 218.21 | 247.27 |
| Fibonacci | 135.43 | 150.66 | 160.07 | 175.30 | 190.53 | 199.94 | 215.17 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -98.87 | -5.08 | 63.82 | 157.61 | 226.51 | 320.30 | 389.20 |
| Camarilla | 87.98 | 102.89 | 117.81 | 132.72 | 147.63 | 162.55 | 177.46 |
| Woodie | -111.32 | -11.30 | 51.38 | 151.39 | 214.07 | 314.08 | 376.76 |
| Fibonacci | -5.08 | 57.07 | 95.46 | 157.61 | 219.76 | 258.15 | 320.30 |
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): | 51.68 | |
| MACD (12,26,9): | 1.4300 | |
| Directional Movement: | 0.03 | |
| AROON (14): | -50.00 | |
| DEMA (21): | 185.05 | |
| Parabolic SAR (0,02-0,02-0,2): | 187.21 | |
| Elder Ray (13): | -0.85 | |
| Super Trend (3,10): | 189.01 | |
| Zig ZAG (10): | 181.90 | |
| VORTEX (21): | 0.9900 | |
| Stochastique (14,3,5): | 36.43 | |
| TEMA (21): | 183.93 | |
| Williams %R (14): | -75.57 | |
| Chande Momentum Oscillator (20): | -5.64 | |
| Repulse (5,40,3): | -0.7600 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.1900 | |
| Courbe Coppock: | 1.07 |
| MA7: | 168.57 | |
| MA20: | 158.55 | |
| MA50: | 160.04 | |
| MA100: | 183.40 | |
| MAexp7: | 183.07 | |
| MAexp20: | 182.70 | |
| MAexp50: | 178.46 | |
| MAexp100: | 173.15 | |
| Price / MA7: | +8.08% | |
| Price / MA20: | +14.91% | |
| Price / MA50: | +13.84% | |
| Price / MA100: | -0.66% | |
| Price / MAexp7: | -0.48% | |
| Price / MAexp20: | -0.28% | |
| Price / MAexp50: | +2.09% | |
| Price / MAexp100: | +5.22% |
This member declared not having a position on this financial instrument or a related financial instrument.
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