ETHEREUM - ETH/USDT - 1H - Technical analysis published on 01/10/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
56%
22%
22%
My opinion
Bullish above 2,293.65 USDT
My targets
2,411.10 USDT (+1.72%)
2,671.10 USDT (+12.69%)
My analysis
The bullish trend is currently very strong on ETHEREUM - ETH/USDT. As long as the price remains above the support at 2,293.65 USDT, you could try to benefit from the boom. The first bullish objective is located at 2,411.10 USDT. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 2,671.10 USDT as an objective. Crossing it would then enable buyers to target 3,521.93 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 not called into question, despite technical indicators being indecisive.
Force
0
10
7.1
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This analysis was given by Andrii. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The ETHEREUM - ETH/USDT rating is 2,370.36 USDT. The price registered an increase of +1.11% on the session with the lowest point at 2,340.33 USDT and the highest point at 2,430.34 USDT. The deviation from the price is +1.28% for the low point and -2.47% for the high point.2,340.33
2,430.34
2,370.36
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
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
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. There is no crossing of moving average by the price or crossing of moving averages between themselves.
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
The presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:
Bearish harami
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 2,242.85 | 2,293.65 | 2,357.94 | 2,370.36 | 2,384.49 | 2,411.10 | 3,521.93 |
| Change (%) | -5.38% | -3.24% | -0.52% | - | +0.60% | +1.72% | +48.58% |
| Change | -127.51 | -76.71 | -12.42 | - | +14.13 | +40.74 | +1,151.57 |
| Level | Intermediate | Intermediate | Intermediate | - | Intermediate | Major | Minor |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2,137.99 | 2,190.17 | 2,267.25 | 2,319.43 | 2,396.51 | 2,448.69 | 2,525.77 |
| Camarilla | 2,308.79 | 2,320.64 | 2,332.49 | 2,344.34 | 2,356.19 | 2,368.04 | 2,379.89 |
| Woodie | 2,150.45 | 2,196.40 | 2,279.71 | 2,325.66 | 2,408.97 | 2,454.92 | 2,538.23 |
| Fibonacci | 2,190.17 | 2,239.54 | 2,270.05 | 2,319.43 | 2,368.80 | 2,399.31 | 2,448.69 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,845.35 | 2,000.47 | 2,120.60 | 2,275.72 | 2,395.85 | 2,550.97 | 2,671.10 |
| Camarilla | 2,165.04 | 2,190.27 | 2,215.50 | 2,240.73 | 2,265.96 | 2,291.19 | 2,316.42 |
| Woodie | 1,827.86 | 1,991.72 | 2,103.11 | 2,266.97 | 2,378.36 | 2,542.22 | 2,653.61 |
| Fibonacci | 2,000.47 | 2,105.62 | 2,170.58 | 2,275.72 | 2,380.87 | 2,445.83 | 2,550.97 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,669.45 | 1,857.44 | 2,069.70 | 2,257.69 | 2,469.95 | 2,657.94 | 2,870.20 |
| Camarilla | 2,171.89 | 2,208.58 | 2,245.27 | 2,281.96 | 2,318.65 | 2,355.34 | 2,392.03 |
| Woodie | 1,681.59 | 1,863.51 | 2,081.84 | 2,263.76 | 2,482.09 | 2,664.01 | 2,882.34 |
| Fibonacci | 1,857.44 | 2,010.34 | 2,104.80 | 2,257.69 | 2,410.59 | 2,505.05 | 2,657.94 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 55.69 | |
| MACD (12,26,9): | 27.0400 | |
| Directional Movement: | 9.91 | |
| AROON (14): | 78.57 | |
| DEMA (21): | 2,393.21 | |
| Parabolic SAR (0,02-0,02-0,2): | 2,357.38 | |
| Elder Ray (13): | 17.71 | |
| Super Trend (3,10): | 2,318.03 | |
| Zig ZAG (10): | 2,375.46 | |
| VORTEX (21): | 1.1700 | |
| Stochastique (14,3,5): | 69.37 | |
| TEMA (21): | 2,405.53 | |
| Williams %R (14): | -47.40 | |
| Chande Momentum Oscillator (20): | -21.23 | |
| Repulse (5,40,3): | -1.2200 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1600 | |
| Courbe Coppock: | 6.94 |
| MA7: | 2,292.82 | |
| MA20: | 2,298.30 | |
| MA50: | 2,231.68 | |
| MA100: | 2,007.72 | |
| MAexp7: | 2,387.02 | |
| MAexp20: | 2,359.57 | |
| MAexp50: | 2,321.67 | |
| MAexp100: | 2,296.28 | |
| Price / MA7: | +3.38% | |
| Price / MA20: | +3.14% | |
| Price / MA50: | +6.21% | |
| Price / MA100: | +18.06% | |
| Price / MAexp7: | -0.70% | |
| Price / MAexp20: | +0.46% | |
| Price / MAexp50: | +2.10% | |
| Price / MAexp100: | +3.23% |
Quotes :
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Real time data
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Cryptocompare
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