ETHEREUM - ETH/USDT - 1H - Technical analysis published on 03/18/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bullish
Technical indicators
17%
39%
44%
My opinion
Bullish above 1,703.28 USDT
My targets
1,796.30 USDT (+0.93%)
1,975.16 USDT (+10.98%)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on ETHEREUM - ETH/USDT. As long as you are above the support located at 1,703.28 USDT, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 1,796.30 USDT would be a signal that the basic trade will reverse and the short-term trend could then quickly become bullish. Buyers would then use the next resistance located at 1,975.16 USDT as an objective. Crossing it would then enable buyers to target 3,521.93 USDT. If the support 1,703.28 USDT were to be broken, this would simply be a sign of a possible continuation of short-term consolidation and trading against the trend would then perhaps be more risky.
In the very short term, the general bullish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bullish direction is still favored, however the current short term bearish correction should be carefully watched.
Force
0
10
1.8
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Additional analysis
Quotes
The ETHEREUM - ETH/USDT rating is 1,779.73 USDT. The price registered a decrease of -0.56% on the session and was between 1,750.16 USDT and 1,838.40 USDT. This implies that the price is at +1.69% from its lowest and at -3.19% from its highest.1,750.16
1,838.40
1,779.73
The Central Gaps scanner detects a bullish opening. A small advantage for buyers 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:
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of ETHEREUM - ETH/USDT indicates that the overall trend is bullish. 71.43% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by the short-term moving averages indicate that this bullish trend is showing signs of running out of steam. 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, only 7 technical indicators out of 18 analysed are currently bearish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The presence of these Japanese chandelier patterns detected by Central Candlesticks that could impact the current short-term trend were also noted:
White hanging man / hammer
Type : Neutral
Timeframe : 1 hour
Bullish harami
Type : Bullish
Timeframe : 1 hour
Bullish harami cross
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1,644.96 | 1,703.28 | 1,774.95 | 1,779.73 | 1,975.16 | 3,521.93 | 4,170.72 |
| Change (%) | -7.57% | -4.30% | -0.27% | - | +10.98% | +97.89% | +134.35% |
| Change | -134.77 | -76.45 | -4.78 | - | +195.43 | +1,742.20 | +2,390.99 |
| Level | Intermediate | Major | Intermediate | - | Minor | 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 | 1,566.20 | 1,614.56 | 1,702.05 | 1,750.41 | 1,837.90 | 1,886.26 | 1,973.75 |
| Camarilla | 1,752.18 | 1,764.63 | 1,777.09 | 1,789.54 | 1,801.99 | 1,814.45 | 1,826.90 |
| Woodie | 1,585.77 | 1,624.34 | 1,721.62 | 1,760.19 | 1,857.47 | 1,896.04 | 1,993.32 |
| Fibonacci | 1,614.56 | 1,666.46 | 1,698.52 | 1,750.41 | 1,802.31 | 1,834.37 | 1,886.26 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,151.06 | 1,261.01 | 1,366.14 | 1,476.09 | 1,581.22 | 1,691.17 | 1,796.30 |
| Camarilla | 1,412.12 | 1,431.84 | 1,451.55 | 1,471.27 | 1,490.99 | 1,510.70 | 1,530.42 |
| Woodie | 1,148.65 | 1,259.81 | 1,363.73 | 1,474.89 | 1,578.81 | 1,689.97 | 1,793.89 |
| Fibonacci | 1,261.01 | 1,343.17 | 1,393.93 | 1,476.09 | 1,558.25 | 1,609.01 | 1,691.17 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,218.73 | 1,341.49 | 1,480.45 | 1,603.21 | 1,742.17 | 1,864.93 | 2,003.89 |
| Camarilla | 1,547.43 | 1,571.42 | 1,595.41 | 1,619.40 | 1,643.39 | 1,667.38 | 1,691.37 |
| Woodie | 1,226.82 | 1,345.54 | 1,488.54 | 1,607.26 | 1,750.26 | 1,868.98 | 2,011.98 |
| Fibonacci | 1,341.49 | 1,441.47 | 1,503.24 | 1,603.21 | 1,703.19 | 1,764.96 | 1,864.93 |
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): | 47.21 | |
| MACD (12,26,9): | 5.9600 | |
| Directional Movement: | -7.02 | |
| AROON (14): | -28.57 | |
| DEMA (21): | 1,803.36 | |
| Parabolic SAR (0,02-0,02-0,2): | 1,818.25 | |
| Elder Ray (13): | -14.23 | |
| Super Trend (3,10): | 1,768.71 | |
| Zig ZAG (10): | 1,779.37 | |
| VORTEX (21): | 0.9000 | |
| Stochastique (14,3,5): | 36.91 | |
| TEMA (21): | 1,789.84 | |
| Williams %R (14): | -67.06 | |
| Chande Momentum Oscillator (20): | -36.45 | |
| Repulse (5,40,3): | -0.4400 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.1200 | |
| Courbe Coppock: | 2.62 |
| MA7: | 1,692.33 | |
| MA20: | 1,606.55 | |
| MA50: | 1,611.07 | |
| MA100: | 1,457.80 | |
| MAexp7: | 1,787.87 | |
| MAexp20: | 1,790.49 | |
| MAexp50: | 1,762.06 | |
| MAexp100: | 1,720.38 | |
| Price / MA7: | +5.16% | |
| Price / MA20: | +10.78% | |
| Price / MA50: | +10.47% | |
| Price / MA100: | +22.08% | |
| Price / MAexp7: | -0.46% | |
| Price / MAexp20: | -0.60% | |
| Price / MAexp50: | +1.00% | |
| Price / MAexp100: | +3.45% |
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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