ETHEREUM - ETH/USDT
ETHEREUM - ETH/USDT
- USDT (-)
- Real time data - Cryptocompare
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Type: Cryptocurrencies
Ticker: ETHUSDT
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ETHEREUM - ETH/USDT - 15 min. - Technical analysis published on 12/03/2020 (GMT)

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  • Timeframe : 15 min.
  • - Analysis generated on
  • Status : LEVEL MAINTAINED

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Summary of the analysis

Trends
Court terme: Strongly bullish
De fond: Strongly bullish
Technical indicators
39%
17%
44%
My opinion
Bullish above 592.75 USDT
My targets
620.65 USDT (+1.22%)
637.18 USDT (+3.92%)
My analysis
The bullish trend is currently very strong on ETHEREUM - ETH/USDT. As long as the price remains above the support at 592.75 USDT, you could try to benefit from the boom. The first bullish objective is located at 620.65 USDT. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 637.18 USDT as an objective. Crossing it would then enable buyers to target 820.16 USDT. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

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
6.8

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.

This analysis was given by Addareea. Take part yourself by sharing additional analysis on another time unit:
1H Daily Weekly

Additional analysis

Quotes

ETHEREUM - ETH/USDT rating 613.16 USDT. On the day, this instrument gained +2.55% and was traded between 586.98 USDT and 615.45 USDT over the period. The price is currently at +4.46% from its lowest and -0.37% from its highest.

586.98
615.45
613.16

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



Here is a more detailed summary of the historical variations registered by ETHEREUM - ETH/USDT:
The Central Records scanner for higher/lower results shows an item:

Central Records

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


Technical analysis of this 15 min. chart of ETHEREUM - ETH/USDT indicates that the overall trend is strongly bullish. 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. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:

Central Indicators

Bearish price crossover with Moving Average 20

Type : Bearish

Timeframe : 15 minutes



In fact, only 7 technical indicators out of 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 15 minutes

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

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : 15 minutes


Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly


Aroon indicator bearish trend

Type : Bearish

Timeframe : 15 minutes


Price is back under the pivot point

Type : Bearish

Timeframe : Weekly



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

The presence of these Japanese chandelier patterns detected by Central Candlesticks that could impact the current short-term trend were also noted:

Central Candlesticks

Bullish harami

Type : Bullish

Timeframe : 15 minutes


Doji

Type : Neutral

Timeframe : 15 minutes




ProTrendLines
S3
S2
S1
R1
R2
Price


S3S2S1PriceR1R2
ProTrendLines 571.23 592.75 608.75 613.16 635.12 820.16
Change (%) -6.84% -3.33% -0.72% - +3.58% +33.76%
Change -41.93 -20.41 -4.41 - +21.96 +207.00
Level Major Minor Major - Intermediate Intermediate



Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard553.48564.85581.38592.75609.28620.65637.18
Camarilla590.25592.81595.36597.92600.48603.04605.59
Woodie556.07566.14583.97594.04611.87621.94639.77
Fibonacci564.85575.50582.09592.75603.40609.99620.65


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard335.18409.35473.52547.69611.86686.03750.20
Camarilla499.64512.32525.00537.68550.36563.04575.72
Woodie330.17406.85468.51545.19606.85683.53745.19
Fibonacci409.35462.20494.85547.69600.54633.19686.03


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard199.30284.92450.64536.26701.98787.60953.32
Camarilla547.25570.29593.33616.37639.41662.45685.49
Woodie239.36304.95490.70556.29742.04807.63993.38
Fibonacci284.92380.93440.25536.26632.27691.59787.60

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): 59.98
MACD (12,26,9): 2.7600
Directional Movement: 6.73
AROON (14): -35.72
DEMA (21): 612.97
Parabolic SAR (0,02-0,02-0,2): 614.10
Elder Ray (13): -0.57
Super Trend (3,10): 603.90
Zig ZAG (10): 609.33
VORTEX (21): 1.0700
Stochastique (14,3,5): 39.64
TEMA (21): 612.31
Williams %R (14): -50.55
Chande Momentum Oscillator (20): 0.28
Repulse (5,40,3): 0.2100
ROCnROLL: 1
TRIX (15,9): 0.0900
Courbe Coppock: 0.45
MA7: 577.89
MA20: 536.36
MA50: 457.32
MA100: 413.68
MAexp7: 610.65
MAexp20: 608.53
MAexp50: 603.43
MAexp100: 599.88
Price / MA7: +6.10%
Price / MA20: +14.32%
Price / MA50: +34.08%
Price / MA100: +48.22%
Price / MAexp7: +0.41%
Price / MAexp20: +0.76%
Price / MAexp50: +1.61%
Price / MAexp100: +2.22%

Quotes : 2020-12-03 14:21:28 - Real time data - Cryptocompare

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

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