ETHEREUM - ETH/USDT

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Cryptocurrencies
Ticker:	ETHUSDT
ISIN:

ETHEREUM - ETH/USDT - 1H - Technical analysis published on 05/26/2021 (GMT)

Londinia

Oops, I was wrong about that analysis. My threshold for invalidation has been broken.
Click here for a new analysis!

Timeframe : 1H
- Analysis generated on
Status : INVALID

Download a full-size picture

ETHEREUM - ETH/USDT Chart

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

78%

17%

My opinion

Bullish above 2,749.84 USDT

My targets

2,986.72 USDT (+6.51%)

3,260.66 USDT (+16.28%)

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 2,749.84 USDT. The buyers' bullish objective is set at 2,986.72 USDT. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 3,260.66 USDT. If there is any crossing, the next objective would be the resistance located at 3,559.25 USDT. 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

8.4

Comment on the analysis

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.

Additional analysis

Quotes

The ETHEREUM - ETH/USDT rating is 2,804.23 USDT. The price registered an increase of +3.75% on the session and was between 2,646.25 USDT and 2,848.09 USDT. This implies that the price is at +5.97% from its lowest and at -1.54% from its highest.

2,646.25

2,848.09

2,804.23

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

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:

Technical

A technical analysis in 1H of this ETHEREUM - ETH/USDT chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

In fact, 14 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:

RSI indicator is overbought : over 70

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 detector scanner for these technical indicators recently detected a signal:

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly

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

Near resistance of triangle

Type : Bearish

Timeframe : 1 hour

Horizontal resistance is broken

Type : Bullish

Timeframe : 1 hour

Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	2,104.19	2,513.66	2,749.84	2,804.23	2,986.72	3,260.66	3,559.25
Change (%)	-24.96%	-10.36%	-1.94%	-	+6.51%	+16.28%	+26.92%
Change	-700.04	-290.57	-54.39	-	+182.49	+456.43	+755.02
Level	Minor	Intermediate	Intermediate	-	Intermediate	Minor	Minor

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

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2,121.74	2,256.25	2,479.56	2,614.07	2,837.38	2,971.89	3,195.20
Camarilla	2,604.47	2,637.27	2,670.07	2,702.87	2,735.67	2,768.47	2,801.27
Woodie	2,166.14	2,278.45	2,523.96	2,636.27	2,881.78	2,994.09	3,239.60
Fibonacci	2,256.25	2,392.94	2,477.38	2,614.07	2,750.76	2,835.20	2,971.89

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	-329.61	828.40	1,561.24	2,719.25	3,452.09	4,610.10	5,342.94
Camarilla	1,774.11	1,947.43	2,120.76	2,294.09	2,467.42	2,640.75	2,814.07
Woodie	-542.19	722.11	1,348.67	2,612.96	3,239.52	4,503.81	5,130.37
Fibonacci	828.40	1,550.70	1,996.94	2,719.25	3,441.55	3,887.79	4,610.10

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1,353.59	1,647.26	2,209.86	2,503.53	3,066.13	3,359.80	3,922.40
Camarilla	2,536.98	2,615.47	2,693.96	2,772.45	2,850.94	2,929.43	3,007.92
Woodie	1,488.05	1,714.49	2,344.32	2,570.76	3,200.59	3,427.03	4,056.86
Fibonacci	1,647.26	1,974.36	2,176.44	2,503.53	2,830.63	3,032.71	3,359.80

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):	66.20
MACD (12,26,9):	78.1100
Directional Movement:	12.96
AROON (14):	71.43
DEMA (21):	2,762.18
Parabolic SAR (0,02-0,02-0,2):	2,573.28
Elder Ray (13):	105.22
Super Trend (3,10):	2,586.92
Zig ZAG (10):	2,790.90
VORTEX (21):	1.1200
Stochastique (14,3,5):	90.85
TEMA (21):	2,783.43
Williams %R (14):	-12.26
Chande Momentum Oscillator (20):	221.21
Repulse (5,40,3):	2.1900
ROCnROLL:	1
TRIX (15,9):	0.3200
Courbe Coppock:	17.13

MA7:	2,536.10
MA20:	3,256.37
MA50:	2,821.56
MA100:	2,293.20
MAexp7:	2,761.76
MAexp20:	2,666.31
MAexp50:	2,548.61
MAexp100:	2,516.91
Price / MA7:	+10.57%
Price / MA20:	-13.88%
Price / MA50:	-0.61%
Price / MA100:	+22.28%
Price / MAexp7:	+1.54%
Price / MAexp20:	+5.17%
Price / MAexp50:	+10.03%
Price / MAexp100:	+11.42%

Quotes : - Real time data - Cryptocompare

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

About author

Londinia AI

Online

Overall rating :

16055

Number of analyses :

98524

Followers :

I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…