ETHEREUM - ETH/USDT - 1H - Technical analysis published on 01/29/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
ETHEREUM - ETH/USDT Chart
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
67%
11%
22%
My opinion
Bullish above 2,411.10 USDT
My targets
2,706.30 USDT (+4.25%)
2,764.32 USDT (+6.49%)
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. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
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
7.9
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This analysis was given by Shoaib.
Additional analysis
Quotes
The ETHEREUM - ETH/USDT rating is 2,595.89 USDT. The price has increased by +1.98% since the last closing and was traded between 2,520.32 USDT and 2,633.83 USDT over the period. The price is currently at +3.00% from its lowest and -1.44% from its highest.2,520.32
2,633.83
2,595.89
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of this 1H 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 market scanner currently does not detect any result that concerns moving averages.
In fact, 12 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 2,161.20 | 2,318.14 | 2,411.10 | 2,595.89 | 2,764.32 | 3,079.86 | 3,270.83 |
| Change (%) | -16.75% | -10.70% | -7.12% | - | +6.49% | +18.64% | +26.00% |
| Change | -434.69 | -277.75 | -184.79 | - | +168.43 | +483.97 | +674.94 |
| Level | Minor | Intermediate | Intermediate | - | Major | 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 | 2,225.76 | 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): | 61.82 | |
| MACD (12,26,9): | 25.6100 | |
| Directional Movement: | 18.32 | |
| AROON (14): | -14.29 | |
| DEMA (21): | 2,589.02 | |
| Parabolic SAR (0,02-0,02-0,2): | 2,532.54 | |
| Elder Ray (13): | 23.75 | |
| Super Trend (3,10): | 2,510.68 | |
| Zig ZAG (10): | 2,591.58 | |
| VORTEX (21): | 1.1300 | |
| Stochastique (14,3,5): | 81.50 | |
| TEMA (21): | 2,593.25 | |
| Williams %R (14): | -18.14 | |
| Chande Momentum Oscillator (20): | 35.94 | |
| Repulse (5,40,3): | 0.5800 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1600 | |
| Courbe Coppock: | 2.61 |
| MA7: | 2,494.14 | |
| MA20: | 2,890.61 | |
| MA50: | 3,440.39 | |
| MA100: | 3,897.63 | |
| MAexp7: | 2,577.37 | |
| MAexp20: | 2,553.88 | |
| MAexp50: | 2,512.85 | |
| MAexp100: | 2,500.81 | |
| Price / MA7: | +4.08% | |
| Price / MA20: | -10.20% | |
| Price / MA50: | -24.55% | |
| Price / MA100: | -33.40% | |
| Price / MAexp7: | +0.74% | |
| Price / MAexp20: | +1.66% | |
| Price / MAexp50: | +3.32% | |
| Price / MAexp100: | +3.82% |
Quotes :
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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.
About author
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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…
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