ETHEREUM - ETH/USDT - Daily - Technical analysis published on 06/20/2020 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Neutral
De fond:
Bullish
Technical indicators
11%
44%
44%
My opinion
Bullish above 220.95 USDT
My targets
247.79 USDT (+8.33%)
285.13 USDT (+24.66%)
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 220.95 USDT, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 247.79 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 285.13 USDT as an objective. Crossing it would then enable buyers to target 339.85 USDT. If the support 220.95 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
1.4
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This analysis was given by Addareea. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The ETHEREUM - ETH/USDT rating is 228.73 USDT. On the day, this instrument lost -0.12% and was traded between 228.33 USDT and 230.80 USDT over the period. The price is currently at +0.18% from its lowest and -0.90% from its highest.228.33
230.80
228.73
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:
Technical
A technical analysis in Daily of this ETHEREUM - ETH/USDT chart shows a 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. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:
Bearish trend reversal : Moving Average 20
Type : Bearish
Timeframe : Daily
Technical indicators are slightly bearish. There is therefore considerable uncertainty about the continuation of the decline.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
RSI indicator is back under 50
Type : Bearish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Near horizontal support
Type : Bullish
Timeframe : Daily
Support of channel is broken
Type : Bearish
Timeframe : Daily
Support of triangle is broken
Type : Bearish
Timeframe : Daily
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 137.78 | 173.43 | 220.95 | 228.73 | 247.79 | 285.13 | 339.85 |
| Change (%) | -39.76% | -24.18% | -3.40% | - | +8.33% | +24.66% | +48.58% |
| Change | -90.95 | -55.30 | -7.78 | - | +19.06 | +56.40 | +111.12 |
| Level | Minor | Minor | Major | - | Major | Minor | Intermediate |
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 | 221.64 | 224.25 | 226.63 | 229.24 | 231.62 | 234.23 | 236.61 |
| Camarilla | 227.63 | 228.09 | 228.54 | 229.00 | 229.46 | 229.92 | 230.37 |
| Woodie | 221.52 | 224.19 | 226.51 | 229.18 | 231.50 | 234.17 | 236.49 |
| Fibonacci | 224.25 | 226.16 | 227.34 | 229.24 | 231.15 | 232.33 | 234.23 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 206.87 | 217.78 | 227.93 | 238.84 | 248.99 | 259.90 | 270.05 |
| Camarilla | 232.30 | 234.23 | 236.16 | 238.09 | 240.02 | 241.95 | 243.88 |
| Woodie | 206.50 | 217.59 | 227.56 | 238.65 | 248.62 | 259.71 | 269.68 |
| Fibonacci | 217.78 | 225.82 | 230.79 | 238.84 | 246.88 | 251.85 | 259.90 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 123.25 | 150.72 | 191.28 | 218.75 | 259.31 | 286.78 | 327.34 |
| Camarilla | 213.12 | 219.36 | 225.59 | 231.83 | 238.07 | 244.30 | 250.54 |
| Woodie | 129.79 | 153.99 | 197.82 | 222.02 | 265.85 | 290.05 | 333.88 |
| Fibonacci | 150.72 | 176.71 | 192.77 | 218.75 | 244.74 | 260.80 | 286.78 |
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): | 49.07 | |
| MACD (12,26,9): | 3.0200 | |
| Directional Movement: | -5.04 | |
| AROON (14): | -35.72 | |
| DEMA (21): | 237.89 | |
| Parabolic SAR (0,02-0,02-0,2): | 245.46 | |
| Elder Ray (13): | -3.59 | |
| Super Trend (3,10): | 214.82 | |
| Zig ZAG (10): | 228.56 | |
| VORTEX (21): | 1.0500 | |
| Stochastique (14,3,5): | 34.26 | |
| TEMA (21): | 233.22 | |
| Williams %R (14): | -69.35 | |
| Chande Momentum Oscillator (20): | -17.79 | |
| Repulse (5,40,3): | -0.8400 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.3900 | |
| Courbe Coppock: | 8.32 |
| MA7: | 231.42 | |
| MA20: | 238.24 | |
| MA50: | 219.66 | |
| MA100: | 187.84 | |
| MAexp7: | 231.76 | |
| MAexp20: | 232.15 | |
| MAexp50: | 220.12 | |
| MAexp100: | 206.04 | |
| Price / MA7: | -1.16% | |
| Price / MA20: | -3.99% | |
| Price / MA50: | +4.13% | |
| Price / MA100: | +21.77% | |
| Price / MAexp7: | -1.31% | |
| Price / MAexp20: | -1.47% | |
| Price / MAexp50: | +3.91% | |
| Price / MAexp100: | +11.01% |
Quotes :
2020-06-20 09:37:13
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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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