ETHEREUM - ETH/USDT - Daily - Technical analysis published on 04/28/2020 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 190.96 USDT
My targets
217.51 USDT (+10.73%)
244.92 USDT (+24.68%)
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 - ETH/USDT as long as the price remains well above 190.96 USDT. The buyers” bullish objective is set at 217.51 USDT. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 244.92 USDT. If there is any crossing, the next objective would be the resistance located at 285.13 USDT.
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
7
Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever 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 content. 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.
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Additional analysis
Quotes
The ETHEREUM - ETH/USDT price is 196.44 USDT. The price registered an increase of +0.04% on the session with the lowest point at 192.42 USDT and the highest point at 196.85 USDT. The deviation from the price is +2.09% for the low point and -0.21% for the high point.192.42
196.85
196.44
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in Daily of this ETHEREUM - ETH/USDT chart shows a bullish trend. 75% of the signals given by moving averages are bullish. The overall trend is reinforced by the strong bullish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, 15 technical indicators on 18 studied are currently positioned bullish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
RSI indicator: bearish divergence
Type : Bearish
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near resistance of channel
Type : Bearish
Timeframe : Daily
Horizontal resistance is broken
Type : Bullish
Timeframe : Daily
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 153.17 | 173.28 | 190.96 | 196.44 | 217.51 | 244.92 | 285.13 |
| Change (%) | -22.03% | -11.79% | -2.79% | - | +10.73% | +24.68% | +45.15% |
| Change | -43.27 | -23.16 | -5.48 | - | +21.07 | +48.48 | +88.69 |
| Level | Minor | Intermediate | Major | - | Minor | Minor | Major |
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 | 182.79 | 186.49 | 191.42 | 195.12 | 200.05 | 203.75 | 208.68 |
| Camarilla | 193.99 | 194.78 | 195.57 | 196.36 | 197.15 | 197.94 | 198.73 |
| Woodie | 183.42 | 186.80 | 192.05 | 195.43 | 200.68 | 204.06 | 209.31 |
| Fibonacci | 186.49 | 189.78 | 191.82 | 195.12 | 198.41 | 200.45 | 203.75 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 145.33 | 156.38 | 175.30 | 186.35 | 205.27 | 216.32 | 235.24 |
| Camarilla | 185.98 | 188.73 | 191.47 | 194.22 | 196.97 | 199.72 | 202.46 |
| Woodie | 149.27 | 158.35 | 179.24 | 188.32 | 209.21 | 218.29 | 239.18 |
| Fibonacci | 156.38 | 167.83 | 174.90 | 186.35 | 197.80 | 204.87 | 216.32 |
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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 65.11 | |
| MACD (12,26,9): | 10.5600 | |
| Directional Movement: | 16.22 | |
| AROON (14): | 71.42 | |
| DEMA (21): | 190.40 | |
| Parabolic SAR (0,02-0,02-0,2): | 182.34 | |
| Elder Ray (13): | 10.39 | |
| Super Trend (3,10): | 163.74 | |
| Zig ZAG (10): | 195.65 | |
| VORTEX (21): | 1.1300 | |
| Stochastique (14,3,5): | 93.74 | |
| TEMA (21): | 200.25 | |
| Williams %R (14): | -7.79 | |
| Chande Momentum Oscillator (20): | 23.43 | |
| Repulse (5,40,3): | 4.2300 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.7900 | |
| Courbe Coppock: | 36.28 |
| MA7: | 191.33 | |
| MA20: | 175.15 | |
| MA50: | 153.40 | |
| MA100: | 186.66 | |
| MAexp7: | 190.81 | |
| MAexp20: | 178.00 | |
| MAexp50: | 171.80 | |
| MAexp100: | 173.86 | |
| Price / MA7: | +2.67% | |
| Price / MA20: | +12.16% | |
| Price / MA50: | +28.06% | |
| Price / MA100: | +5.24% | |
| Price / MAexp7: | +2.95% | |
| Price / MAexp20: | +10.36% | |
| Price / MAexp50: | +14.34% | |
| Price / MAexp100: | +12.99% |
This member declared not having a position on this financial instrument or a related financial instrument.
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