ETHEREUM - ETH/USDT
ETHEREUM - ETH/USDT
380.05 USDT (+0.18%)
Real time data - Cryptocompare
Open: 379.37
Change: +0.67
Volume: 14,196
Low: 376.22
High: 382.53
High / Low range: 6.31
Type: Cryptocurrencies
Ticker: ETHUSDT
ISIN:

ETHEREUM - ETH/USDT - 1H - Technical analysis published on 08/01/2020

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  • Timeframe : 1H
  • - Analysis generated on 2020-08-01 21:11:32
  • Status : TARGET REACHED

Summary of the analysis

Trends
Court terme: Strongly bullish
De fond: Strongly bullish
Technical indicators
89%
0%
11%
My opinion
Bullish above 357.67 USDT
My targets
406.71 USDT (+4.19%)
432.23 USDT (+10.73%)
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 357.67 USDT. The next resistance located at 406.71 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 432.23 USDT. After this resistance, buyers could then target 499.01 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.

In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
8.9

Complete this analysis for another time unit:
15 min. Daily Weekly
Attention: This analysis is for information purposes only and does not constitute personalized investment advice or an incentive 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 analysis. 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.

Additional analysis

Quotes

ETHEREUM - ETH/USDT rating 390.36 USDT. The price registered an increase of +12.70% on the session and was traded between 343.26 USDT and 392.28 USDT over the period. The price is currently at +13.72% from its lowest and -0.49% from its highest.

343.26
392.28
390.36

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



A study of price movements over other periods shows the following variations:
The Central Records scanner for higher/lower results shows the following items:

Central Records

New HIGH record (1 year)

Type : Bullish

Timeframe : Weekly


New HIGH record (1st january)

Type : Bullish

Timeframe : Weekly


New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


A technical analysis in 1H of this ETHEREUM - ETH/USDT chart shows a strongly 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:

Central Indicators

RSI indicator is overbought : over 80

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

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Central Indicators

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 scanner specializing in chart patterns, did not identify any signals.

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects these bullish signals that could support the hypothesis of a small rebound in the very short term:

Central Candlesticks

Bullish engulfing lines

Type : Bullish

Timeframe : 1 hour


Long white line

Type : Bullish

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 328.93 339.61 347.43 390.36 499.01 820.16 1,383.49
Change (%) -15.74% -13.00% -11.00% - +27.83% +110.10% +254.41%
Change -61.43 -50.75 -42.93 - +108.65 +429.80 +993.13
Level Major Intermediate Intermediate - Minor Minor Major



Attention could also be paid to pivot points to set price objectives:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard313.30321.07333.73341.50354.16361.93374.59
Camarilla340.76342.63344.51346.38348.25350.13352.00
Woodie315.74322.29336.17342.72356.60363.15377.03
Fibonacci321.07328.88333.70341.50349.31354.13361.93


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard180.99207.19256.23282.43331.47357.67406.71
Camarilla284.59291.49298.38305.28312.18319.07325.97
Woodie192.42212.90267.66288.14342.90363.38418.14
Fibonacci207.19235.93253.69282.43311.17328.93357.67


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard137.56180.49263.43306.36389.30432.23515.17
Camarilla311.77323.30334.84346.38357.92369.46380.99
Woodie157.58190.49283.45316.36409.32442.23535.19
Fibonacci180.49228.57258.27306.36354.44384.14432.23

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): 81.06
MACD (12,26,9): 8.8800
Directional Movement: 42.19
AROON (14): 64.29
DEMA (21): 372.48
Parabolic SAR (0,02-0,02-0,2): 362.33
Elder Ray (13): 18.59
Super Trend (3,10): 368.05
Zig ZAG (10): 385.59
VORTEX (21): 1.4000
Stochastique (14,3,5): 90.95
TEMA (21): 376.12
Williams %R (14): -7.02
Chande Momentum Oscillator (20): 28.44
Repulse (5,40,3): 4.2800
ROCnROLL: 1
TRIX (15,9): 0.2600
Courbe Coppock: 10.09
MA7: 333.47
MA20: 279.80
MA50: 251.85
MA100: 233.23
MAexp7: 373.07
MAexp20: 361.73
MAexp50: 349.04
MAexp100: 336.32
Price / MA7: +17.06%
Price / MA20: +39.51%
Price / MA50: +55.00%
Price / MA100: +67.37%
Price / MAexp7: +4.63%
Price / MAexp20: +7.91%
Price / MAexp50: +11.84%
Price / MAexp100: +16.07%

Quotes : 2020-08-01 21:11:30 - Real time data - Cryptocompare

This member declared not having a position on this financial instrument or a related financial instrument.

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