ETHEREUM - ETH/USDT - 1H - Technical analysis published on 07/08/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 243.73 USDT
My targets
257.37 USDT (+4.24%)
285.13 USDT (+15.48%)
My analysis
ETHEREUM - ETH/USDT is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 243.73 USDT. The next resistance located at 257.37 USDT is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 285.13 USDT. After this resistance, buyers could then target 339.85 USDT. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
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
8.8
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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 price is 246.91 USDT. On the day, this instrument gained +3.15% with the lowest point at 237.90 USDT and the highest point at 247.39 USDT. The deviation from the price is +3.79% for the low point and -0.19% for the high point.237.90
247.39
246.91
The Central Gaps scanner detects the formation of a bullish gap marking the strong presence of buyers against sellers at the opening. This formed a quotation gap.
Opening Gap UP
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of ETHEREUM - ETH/USDT in 1H shows a strongly overall bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being 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 is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
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 2
Type : Neutral
Timeframe : Weekly
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
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 | 238.11 | 240.10 | 243.73 | 246.91 | 257.37 | 285.13 | 339.85 |
| Change (%) | -3.56% | -2.76% | -1.29% | - | +4.24% | +15.48% | +37.64% |
| Change | -8.80 | -6.81 | -3.18 | - | +10.46 | +38.22 | +92.94 |
| Level | Minor | Major | Major | - | Minor | Intermediate | 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 | 165.14 | 167.86 | 169.57 | 172.29 | 174.00 | 176.72 | 178.43 |
| Camarilla | 170.07 | 170.48 | 170.88 | 171.29 | 171.70 | 172.10 | 172.51 |
| Woodie | 164.65 | 167.61 | 169.08 | 172.04 | 173.51 | 176.47 | 177.94 |
| Fibonacci | 167.86 | 169.55 | 170.59 | 172.29 | 173.98 | 175.02 | 176.72 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 206.28 | 212.21 | 220.69 | 226.62 | 235.10 | 241.03 | 249.51 |
| Camarilla | 225.22 | 226.54 | 227.86 | 229.18 | 230.50 | 231.82 | 233.14 |
| Woodie | 207.57 | 212.85 | 221.98 | 227.26 | 236.39 | 241.67 | 250.80 |
| Fibonacci | 212.21 | 217.71 | 221.11 | 226.62 | 232.12 | 235.52 | 241.03 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 212.01 | 191.29 | 216.44 | 195.72 | 220.87 | 200.15 | 225.30 |
| Camarilla | 240.37 | 240.78 | 241.18 | 241.59 | 242.00 | 242.40 | 242.81 |
| Woodie | 234.95 | 202.76 | 239.38 | 207.19 | 243.81 | 211.62 | 248.24 |
| Fibonacci | 191.29 | 192.98 | 194.03 | 195.72 | 197.41 | 198.46 | 200.15 |
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): | 60.71 | |
| MACD (12,26,9): | 2.1100 | |
| Directional Movement: | 13.45 | |
| AROON (14): | 64.29 | |
| DEMA (21): | 245.34 | |
| Parabolic SAR (0,02-0,02-0,2): | 239.09 | |
| Elder Ray (13): | 2.58 | |
| Super Trend (3,10): | 239.40 | |
| Zig ZAG (10): | 246.44 | |
| VORTEX (21): | 1.0900 | |
| Stochastique (14,3,5): | 93.29 | |
| TEMA (21): | 246.37 | |
| Williams %R (14): | -4.88 | |
| Chande Momentum Oscillator (20): | 6.50 | |
| Repulse (5,40,3): | 0.4600 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0900 | |
| Courbe Coppock: | 5.21 |
| MA7: | 224.08 | |
| MA20: | 228.10 | |
| MA50: | 228.42 | |
| MA100: | 205.71 | |
| MAexp7: | 245.51 | |
| MAexp20: | 242.78 | |
| MAexp50: | 239.66 | |
| MAexp100: | 236.23 | |
| Price / MA7: | +10.19% | |
| Price / MA20: | +8.25% | |
| Price / MA50: | +8.09% | |
| Price / MA100: | +20.03% | |
| Price / MAexp7: | +0.57% | |
| Price / MAexp20: | +1.70% | |
| Price / MAexp50: | +3.03% | |
| Price / MAexp100: | +4.52% |
Quotes :
2020-07-08 18:34:14
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Real time data
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