ETHEREUM - ETH/USDT - Weekly - Technical analysis published on 01/04/2021 (GMT)
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- Timeframe : Weekly
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
94%
0%
6%
My opinion
Bullish above 820.16 USDT
My targets
1,044.97 USDT (+1.60%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on ETHEREUM - ETH/USDT as long as the price remains well above 820.16 USDT. The buyers” bullish objective is set at 1,044.97 USDT. A bullish break in this resistance would boost the bullish momentum. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
9.1
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This analysis was given by dallas28. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The ETHEREUM - ETH/USDT price is 1,028.55 USDT. The price is up +40.55% over 5 days with the lowest point at 715.29 USDT and the highest point at 787.36 USDT. The deviation from the price is +43.79% for the low point and +30.63% for the high point.715.29
787.36
1,028.55
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by ETHEREUM - ETH/USDT:
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
Technical analysis of ETHEREUM - ETH/USDT in Weekly 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. 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. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Weekly
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Weekly
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near horizontal resistance
Type : Bearish
Timeframe : Weekly
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
Price
| S3 | S2 | S1 | Price | |
|---|---|---|---|---|
| ProTrendLines | 339.61 | 475.78 | 820.16 | 1,028.55 |
| Change (%) | -66.98% | -53.74% | -20.26% | - |
| Change | -688.94 | -552.77 | -208.39 | - |
| Level | Intermediate | Major | 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 | 589.57 | 679.42 | 828.20 | 918.05 | 1,066.83 | 1,156.68 | 1,305.46 |
| Camarilla | 911.36 | 933.23 | 955.11 | 976.98 | 998.85 | 1,020.73 | 1,042.60 |
| Woodie | 619.04 | 694.15 | 857.67 | 932.78 | 1,096.30 | 1,171.41 | 1,334.93 |
| Fibonacci | 679.42 | 770.58 | 826.89 | 918.05 | 1,009.21 | 1,065.52 | 1,156.68 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 513.01 | 570.44 | 672.51 | 729.94 | 832.01 | 889.44 | 991.51 |
| Camarilla | 730.73 | 745.35 | 759.97 | 774.59 | 789.21 | 803.83 | 818.45 |
| Woodie | 535.34 | 581.60 | 694.84 | 741.10 | 854.34 | 900.60 | 1,013.84 |
| Fibonacci | 570.44 | 631.37 | 669.01 | 729.94 | 790.87 | 828.51 | 889.44 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 365.80 | 448.36 | 592.19 | 674.75 | 818.58 | 901.14 | 1,044.97 |
| Camarilla | 673.75 | 694.51 | 715.26 | 736.01 | 756.76 | 777.52 | 798.27 |
| Woodie | 396.43 | 463.68 | 622.82 | 690.07 | 849.21 | 916.46 | 1,075.60 |
| Fibonacci | 448.36 | 534.84 | 588.27 | 674.75 | 761.23 | 814.66 | 901.14 |
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): | 85.78 | |
| MACD (12,26,9): | 131.4300 | |
| Directional Movement: | 52.10 | |
| AROON (14): | 92.86 | |
| DEMA (21): | 701.99 | |
| Parabolic SAR (0,02-0,02-0,2): | 485.38 | |
| Elder Ray (13): | 334.98 | |
| Super Trend (3,10): | 608.76 | |
| Zig ZAG (10): | 1,044.12 | |
| VORTEX (21): | 1.2000 | |
| Stochastique (14,3,5): | 91.11 | |
| TEMA (21): | 782.01 | |
| Williams %R (14): | -13.34 | |
| Chande Momentum Oscillator (20): | 668.61 | |
| Repulse (5,40,3): | 51.4500 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 3.5900 | |
| Courbe Coppock: | 177.56 |
| MA7: | 819.52 | |
| MA20: | 704.34 | |
| MA50: | 617.45 | |
| MA100: | 504.86 | |
| MAexp7: | 727.34 | |
| MAexp20: | 547.88 | |
| MAexp50: | 400.94 | |
| MAexp100: | 328.92 | |
| Price / MA7: | +25.51% | |
| Price / MA20: | +46.03% | |
| Price / MA50: | +66.58% | |
| Price / MA100: | +103.73% | |
| Price / MAexp7: | +41.41% | |
| Price / MAexp20: | +87.73% | |
| Price / MAexp50: | +156.53% | |
| Price / MAexp100: | +212.71% |
Quotes :
2021-01-04 21:09:04
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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.
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