ETHEREUM - ETH/USDT
ETHEREUM - ETH/USDT
380.08 USDT (+0.19%)
Real time data - Cryptocompare
Open: 379.37
Change: +0.70
Volume: 14,194
Low: 376.22
High: 382.53
High / Low range: 6.31
Type: Cryptocurrencies
Ticker: ETHUSDT
ISIN:

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

  • Who voted?
  • 88
  • 0
  • Timeframe : Daily
  • - Analysis generated on 2020-08-01 21:12:04
  • Status : IN PROGRESS...

Summary of the analysis

Trends
Court terme: Strongly bullish
De fond: Strongly bullish
Technical indicators
94%
0%
6%
My opinion
Bullish above 339.61 USDT
My targets
432.23 USDT (+10.58%)
499.01 USDT (+27.66%)
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 339.61 USDT. The next resistance located at 432.23 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 499.01 USDT. After this resistance, buyers could then target 820.16 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
9.1

Complete this analysis for another time unit:
15 min. 1H 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

The ETHEREUM - ETH/USDT price is 390.88 USDT. The price registered an increase of +12.85% on the session and was between 343.26 USDT and 392.28 USDT. This implies that the price is at +13.87% from its lowest and at -0.36% from its highest.

343.26
392.28
390.88

The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



So that you have an overall view of the price change, here is a table showing the variations over several periods:
The Central Records scanner, which identifies the highest / lowest, has detected several elements:

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 Daily of this ETHEREUM - ETH/USDT chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

In fact, according to the parameters integrated into the Central Analyzer system, 17 technical indicators out of 18 analysed are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

RSI indicator is overbought : over 80

Type : Neutral

Timeframe : Daily


CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Other results related to technical indicators were also found by the Central Indicators scanner:

Central Indicators

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Weekly


Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Daily



The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

Central Patterns

Horizontal resistance is broken

Type : Bullish

Timeframe : Daily


Resistance of channel is broken

Type : Bullish

Timeframe : Daily



The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 247.50 285.13 339.61 390.88 499.01 820.16 1,383.49
Change (%) -36.68% -27.05% -13.12% - +27.66% +109.82% +253.94%
Change -143.38 -105.75 -51.27 - +108.13 +429.28 +992.61
Level Major Major Intermediate - 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
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 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): 89.94
MACD (12,26,9): 30.5900
Directional Movement: 49.21
AROON (14): 100.00
DEMA (21): 330.27
Parabolic SAR (0,02-0,02-0,2): 308.13
Elder Ray (13): 53.04
Super Trend (3,10): 310.45
Zig ZAG (10): 385.61
VORTEX (21): 1.3400
Stochastique (14,3,5): 97.88
TEMA (21): 351.42
Williams %R (14): -1.57
Chande Momentum Oscillator (20): 149.19
Repulse (5,40,3): 21.3600
ROCnROLL: 1
TRIX (15,9): 1.1400
Courbe Coppock: 81.53
MA7: 333.47
MA20: 279.80
MA50: 251.85
MA100: 233.23
MAexp7: 336.11
MAexp20: 295.16
MAexp50: 262.23
MAexp100: 238.62
Price / MA7: +17.22%
Price / MA20: +39.70%
Price / MA50: +55.20%
Price / MA100: +67.59%
Price / MAexp7: +16.30%
Price / MAexp20: +32.43%
Price / MAexp50: +49.06%
Price / MAexp100: +63.81%

Quotes : 2020-08-01 21:12:03 - Real time data - Cryptocompare

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

About author

Online

Overall rating :
11571
Number of analyses :
Followers :
0

Add a comment

no pic

Comments

0 comments on the analysis ETHEREUM - ETH/USDT - Daily