ETHEREUM - ETH/USDT

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Type:	Cryptocurrencies
Ticker:	ETHUSDT
ISIN:

ETHEREUM - ETH/USDT - 1H - Technical analysis published on 01/29/2022 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : LEVEL MAINTAINED

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ETHEREUM - ETH/USDT Chart

Summary of the analysis

Trends

Short term: Bullish

Underlying: Strongly bullish

Technical indicators

28%

44%

My opinion

Bullish above 2,411.10 USDT

My targets

2,706.30 USDT (+6.59%)

2,764.32 USDT (+8.88%)

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 2,411.10 USDT. The buyers' bullish objective is set at 2,706.30 USDT. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 2,764.32 USDT. If there is any crossing, the next objective would be the resistance located at 3,079.86 USDT. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible overbought items that could be a sign of a possible short-term correction.

Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.

Force

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 Shoaib.

Additional analysis

Quotes

The ETHEREUM - ETH/USDT price is 2,538.88 USDT. The price is lower by -0.26% since the last closing and was between 2,520.32 USDT and 2,605.82 USDT. This implies that the price is at +0.74% from its lowest and at -2.57% from its highest.

2,520.32

2,605.82

2,538.88

The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Bullish opening

Type : Bullish

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. 85.71% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages show a weakening of the global trend. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:

Moving Average bullish crossovers : MA50 & MA100

Type : Bullish

Timeframe : 1 hour

An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
But beware of excesses. The Central Indicators scanner currently detects this:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour

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

Bullish doji star

Type : Bullish

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	2,161.20	2,318.14	2,411.10	2,538.88	2,764.32	3,079.86	3,270.83
Change (%)	-14.88%	-8.69%	-5.03%	-	+8.88%	+21.31%	+28.83%
Change	-377.68	-220.74	-127.78	-	+225.44	+540.98	+731.95
Level	Minor	Intermediate	Intermediate	-	Major	Minor	Minor

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
Standard	2,225.76	2,293.64	2,419.62	2,487.50	2,613.48	2,681.36	2,807.34
Camarilla	2,492.28	2,510.05	2,527.82	2,545.59	2,563.36	2,581.13	2,598.90
Woodie	2,254.80	2,308.17	2,448.66	2,502.03	2,642.52	2,695.89	2,836.38
Fibonacci	2,293.64	2,367.70	2,413.45	2,487.50	2,561.56	2,607.31	2,681.36

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	949.14	1,633.26	2,022.18	2,706.30	3,095.22	3,779.34	4,168.26
Camarilla	2,116.01	2,214.38	2,312.74	2,411.10	2,509.46	2,607.82	2,706.19
Woodie	801.54	1,559.46	1,874.58	2,632.50	2,947.62	3,705.54	4,020.66
Fibonacci	1,633.26	2,043.16	2,296.40	2,706.30	3,116.20	3,369.44	3,779.34

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2,870.90	3,230.75	3,453.44	3,813.29	4,035.98	4,395.83	4,618.52
Camarilla	3,515.94	3,569.34	3,622.74	3,676.14	3,729.54	3,782.94	3,836.34
Woodie	2,802.33	3,196.46	3,384.87	3,779.00	3,967.41	4,361.54	4,549.95
Fibonacci	3,230.75	3,453.28	3,590.76	3,813.29	4,035.82	4,173.30	4,395.83

Numerical data

The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators

Moving averages

RSI (14):	52.03
MACD (12,26,9):	25.2100
Directional Movement:	9.85
AROON (14):	85.72
DEMA (21):	2,570.16
Parabolic SAR (0,02-0,02-0,2):	2,605.82
Elder Ray (13):	-11.80
Super Trend (3,10):	2,494.38
Zig ZAG (10):	2,534.93
VORTEX (21):	1.1200
Stochastique (14,3,5):	49.77
TEMA (21):	2,578.01
Williams %R (14):	-77.72
Chande Momentum Oscillator (20):	-1.17
Repulse (5,40,3):	-0.6900
ROCnROLL:	-1
TRIX (15,9):	0.1800
Courbe Coppock:	2.38

MA7:	2,486.26
MA20:	2,888.08
MA50:	3,439.35
MA100:	3,897.10
MAexp7:	2,555.05
MAexp20:	2,535.71
MAexp50:	2,497.74
MAexp100:	2,492.26
Price / MA7:	+2.12%
Price / MA20:	-12.09%
Price / MA50:	-26.18%
Price / MA100:	-34.85%
Price / MAexp7:	-0.63%
Price / MAexp20:	+0.13%
Price / MAexp50:	+1.65%
Price / MAexp100:	+1.87%

Quotes : - Real time data - Cryptocompare

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

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