ETHEREUM - ETH/USDT - 1H - Technical analysis published on 11/25/2019 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
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Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Slightly bearish
Technical indicators
56%
6%
39%
My opinion
Bullish above 138.98 USDT
My targets
161.06 USDT (+9.53%)
173.04 USDT (+17.67%)
My analysis
The current short-term bullish trend is expected to quickly reset the neutral or bullish trend. To avoid contradicting the short term, it would be possible to favour long positions (at the time of purchase) for ETHEREUM - ETH/USDT as long as the price remains well above 138.98 USDT. The buyers” bullish objective is set at 161.06 USDT. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 173.04 USDT. If there is any crossing, the next objective would be the resistance located at 180.49 USDT. As the basic trend is not clearly displayed, attention should be paid to the price reaction to the resistance at 161.06 USDT. On this resistance, against the trend traders who would like to go short on ETHEREUM - ETH/USDT with a bearish signal from their trading strategy, should not hesitate to act.
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
2
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The ETHEREUM - ETH/USDT rating is 147.05 USDT. On the day, this instrument gained +4.93% and was between 131.50 USDT and 151.17 USDT. This implies that the price is at +11.83% from its lowest and at -2.73% from its highest.131.50
151.17
147.05
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
New LOW record (1 year)
Type : Bearish
Timeframe : Weekly
New LOW record (1st january)
Type : Bearish
Timeframe : Weekly
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of ETHEREUM - ETH/USDT in 1H shows an overall slightly bearish trend. Only 57.14% of the signals given by moving averages are bearish. This slightly bearish trend could quickly be reversed due to the strong bullish signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
The probability of a further increase are moderate given the direction of the technical indicators.
Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Parabolic SAR indicator bearish reversal
Type : Bearish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Horizontal support is broken
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S1
R1
R2
R3
Price
| S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|
| ProTrendLines | 138.98 | 147.05 | 161.06 | 173.04 | 180.49 |
| Change (%) | -5.49% | - | +9.53% | +17.67% | +22.74% |
| Change | -8.07 | - | +14.01 | +25.99 | +33.44 |
| Level | Intermediate | - | Major | Minor | Intermediate |
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 | 121.97 | 130.65 | 135.39 | 144.07 | 148.81 | 157.49 | 162.23 |
| Camarilla | 136.45 | 137.68 | 138.91 | 140.14 | 141.37 | 142.60 | 143.83 |
| Woodie | 120.01 | 129.67 | 133.43 | 143.09 | 146.85 | 156.51 | 160.27 |
| Fibonacci | 130.65 | 135.77 | 138.94 | 144.07 | 149.19 | 152.36 | 157.49 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 84.95 | 111.96 | 131.84 | 158.85 | 178.73 | 205.74 | 225.62 |
| Camarilla | 138.82 | 143.11 | 147.41 | 151.71 | 156.01 | 160.31 | 164.61 |
| Woodie | 81.38 | 110.18 | 128.27 | 157.07 | 175.16 | 203.96 | 222.05 |
| Fibonacci | 111.96 | 129.88 | 140.94 | 158.85 | 176.77 | 187.83 | 205.74 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 115.95 | 135.04 | 158.60 | 177.69 | 201.25 | 220.34 | 243.90 |
| Camarilla | 170.42 | 174.33 | 178.24 | 182.15 | 186.06 | 189.97 | 193.88 |
| Woodie | 118.18 | 136.16 | 160.83 | 178.81 | 203.48 | 221.46 | 246.13 |
| Fibonacci | 135.04 | 151.34 | 161.40 | 177.69 | 193.99 | 204.05 | 220.34 |
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): | 55.74 | |
| MACD (12,26,9): | 1.3000 | |
| Directional Movement: | 0.76 | |
| AROON (14): | 64.29 | |
| DEMA (21): | 145.94 | |
| Parabolic SAR (0,02-0,02-0,2): | 151.05 | |
| Elder Ray (13): | 0.67 | |
| Super Trend (3,10): | 139.76 | |
| Zig ZAG (10): | 146.61 | |
| VORTEX (21): | 1.1100 | |
| Stochastique (14,3,5): | 74.25 | |
| TEMA (21): | 148.35 | |
| Williams %R (14): | -25.54 | |
| Chande Momentum Oscillator (20): | 9.55 | |
| Repulse (5,40,3): | 0.3000 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0400 | |
| Courbe Coppock: | 16.48 |
| MA7: | 157.02 | |
| MA20: | 175.30 | |
| MA50: | 178.05 | |
| MA100: | 181.16 | |
| MAexp7: | 146.69 | |
| MAexp20: | 144.80 | |
| MAexp50: | 145.63 | |
| MAexp100: | 150.44 | |
| Price / MA7: | -6.35% | |
| Price / MA20: | -16.12% | |
| Price / MA50: | -17.41% | |
| Price / MA100: | -18.83% | |
| Price / MAexp7: | +0.25% | |
| Price / MAexp20: | +1.55% | |
| Price / MAexp50: | +0.98% | |
| Price / MAexp100: | -2.25% |
This member declared not having a position on this financial instrument or a related financial instrument.
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