ETHEREUM - ETH/USDT - 1H - Technical analysis published on 02/05/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
ETHEREUM - ETH/USDT Chart
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
44%
11%
44%
My opinion
Bullish above 2,812.95 USDT
My targets
3,025.01 USDT (+0.55%)
3,328.20 USDT (+10.63%)
My analysis
The bullish trend is currently very strong on ETHEREUM - ETH/USDT. As long as the price remains above the support at 2,812.95 USDT, you could try to benefit from the boom. The first bullish objective is located at 3,025.01 USDT. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 3,328.20 USDT as an objective. Crossing it would then enable buyers to target 4,170.72 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.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
7.1
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This analysis was given by Shoaib.
Additional analysis
Quotes
The ETHEREUM - ETH/USDT rating is 3,008.38 USDT. On the day, this instrument gained +0.57% and was traded between 2,960.98 USDT and 3,035.92 USDT over the period. The price is currently at +1.60% from its lowest and -0.91% from its highest.2,960.98
3,035.92
3,008.38
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
So that you have an overall view of the price change, here is a table showing the variations over several periods:
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. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
Technical indicators are slightly bullish. There is therefore considerable uncertainty about the continuation of the increase.
Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:
Bullish harami cross
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 2,579.01 | 2,764.32 | 2,809.37 | 3,008.38 | 3,328.20 | 4,170.72 | 4,808.26 |
| Change (%) | -14.27% | -8.11% | -6.62% | - | +10.63% | +38.64% | +59.83% |
| Change | -429.37 | -244.06 | -199.01 | - | +319.82 | +1,162.34 | +1,799.88 |
| Level | Intermediate | Intermediate | Major | - | Minor | Intermediate | Major |
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 | 2,457.16 | 2,564.37 | 2,777.93 | 2,885.14 | 3,098.70 | 3,205.91 | 3,419.47 |
| Camarilla | 2,903.27 | 2,932.67 | 2,962.08 | 2,991.48 | 3,020.88 | 3,050.29 | 3,079.69 |
| Woodie | 2,510.33 | 2,590.96 | 2,831.10 | 2,911.73 | 3,151.87 | 3,232.50 | 3,472.64 |
| Fibonacci | 2,564.37 | 2,686.91 | 2,762.61 | 2,885.14 | 3,007.68 | 3,083.38 | 3,205.91 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,737.07 | 1,949.13 | 2,275.01 | 2,487.07 | 2,812.95 | 3,025.01 | 3,350.89 |
| Camarilla | 2,452.95 | 2,502.26 | 2,551.57 | 2,600.88 | 2,650.19 | 2,699.50 | 2,748.81 |
| Woodie | 1,793.97 | 1,977.59 | 2,331.91 | 2,515.53 | 2,869.85 | 3,053.47 | 3,407.79 |
| Fibonacci | 1,949.13 | 2,154.63 | 2,281.58 | 2,487.07 | 2,692.57 | 2,819.52 | 3,025.01 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 207.49 | 1,184.35 | 1,935.36 | 2,912.22 | 3,663.23 | 4,640.09 | 5,391.10 |
| Camarilla | 2,211.22 | 2,369.60 | 2,527.99 | 2,686.38 | 2,844.77 | 3,003.16 | 3,161.54 |
| Woodie | 94.58 | 1,127.89 | 1,822.45 | 2,855.76 | 3,550.32 | 4,583.63 | 5,278.19 |
| Fibonacci | 1,184.35 | 1,844.39 | 2,252.17 | 2,912.22 | 3,572.26 | 3,980.04 | 4,640.09 |
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): | 67.76 | |
| MACD (12,26,9): | 48.8600 | |
| Directional Movement: | 13.15 | |
| AROON (14): | 57.14 | |
| DEMA (21): | 3,046.85 | |
| Parabolic SAR (0,02-0,02-0,2): | 3,032.54 | |
| Elder Ray (13): | 13.78 | |
| Super Trend (3,10): | 2,934.67 | |
| Zig ZAG (10): | 3,014.14 | |
| VORTEX (21): | 1.2600 | |
| Stochastique (14,3,5): | 78.42 | |
| TEMA (21): | 3,043.24 | |
| Williams %R (14): | -27.19 | |
| Chande Momentum Oscillator (20): | 33.83 | |
| Repulse (5,40,3): | 0.1800 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.3000 | |
| Courbe Coppock: | 3.54 |
| MA7: | 2,779.23 | |
| MA20: | 2,718.14 | |
| MA50: | 3,275.52 | |
| MA100: | 3,804.51 | |
| MAexp7: | 3,012.50 | |
| MAexp20: | 2,976.05 | |
| MAexp50: | 2,882.08 | |
| MAexp100: | 2,798.90 | |
| Price / MA7: | +8.25% | |
| Price / MA20: | +10.68% | |
| Price / MA50: | -8.16% | |
| Price / MA100: | -20.93% | |
| Price / MAexp7: | -0.14% | |
| Price / MAexp20: | +1.09% | |
| Price / MAexp50: | +4.38% | |
| Price / MAexp100: | +7.48% |
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.
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