ETHEREUM - ETH/USDT - 1H - Technical analysis published on 12/26/2019 (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
Court terme:
Strongly bullish
De fond:
Bullish
Technical indicators
94%
0%
6%
My opinion
Bullish above 126.88 USDT
My targets
131.33 USDT (+1.66%)
134.72 USDT (+4.29%)
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 126.88 USDT. The buyers” bullish objective is set at 131.33 USDT. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 134.72 USDT. If there is any crossing, the next objective would be the resistance located at 167.32 USDT.
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
6.6
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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 price is 129.18 USDT. On the day, this instrument gained +3.36% and was between 124.25 USDT and 129.42 USDT. This implies that the price is at +3.97% from its lowest and at -0.19% from its highest.124.25
129.42
129.18
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:
Technical
Technical analysis of ETHEREUM - ETH/USDT in 1H shows an overall bullish trend. 67.86% of the signals given by moving averages are bullish. The overall trend is reinforced by the strong bullish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
The probability of a further increase is high given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : 1 hour
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Previous candle closed over Bollinger bands
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 : 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 resistance is broken
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
ProTrendLines | 121.97 | 123.68 | 126.88 | 129.18 | 129.56 | 131.33 | 134.72 |
Change (%) | -5.58% | -4.26% | -1.78% | - | +0.29% | +1.66% | +4.29% |
Change | -7.21 | -5.50 | -2.30 | - | +0.38 | +2.15 | +5.54 |
Level | Intermediate | Major | Major | - | Minor | Minor | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 119.15 | 121.41 | 123.20 | 125.46 | 127.25 | 129.51 | 131.30 |
Camarilla | 123.87 | 124.24 | 124.61 | 124.98 | 125.35 | 125.72 | 126.09 |
Woodie | 118.91 | 121.29 | 122.96 | 125.34 | 127.01 | 129.39 | 131.06 |
Fibonacci | 121.41 | 122.96 | 123.92 | 125.46 | 127.01 | 127.97 | 129.51 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 87.96 | 102.48 | 114.74 | 129.26 | 141.52 | 156.04 | 168.30 |
Camarilla | 119.64 | 122.09 | 124.55 | 127.00 | 129.46 | 131.91 | 134.37 |
Woodie | 86.83 | 101.92 | 113.61 | 128.70 | 140.39 | 155.48 | 167.17 |
Fibonacci | 102.48 | 112.71 | 119.03 | 129.26 | 139.49 | 145.81 | 156.04 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 61.31 | 96.40 | 123.97 | 159.06 | 186.63 | 221.72 | 249.29 |
Camarilla | 134.30 | 140.04 | 145.79 | 151.53 | 157.27 | 163.02 | 168.76 |
Woodie | 57.54 | 94.52 | 120.20 | 157.18 | 182.86 | 219.84 | 245.52 |
Fibonacci | 96.40 | 120.34 | 135.13 | 159.06 | 183.00 | 197.79 | 221.72 |
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): | 77.63 | |
MACD (12,26,9): | 0.7700 | |
Directional Movement: | 29.14 | |
AROON (14): | 100.00 | |
DEMA (21): | 127.21 | |
Parabolic SAR (0,02-0,02-0,2): | 125.50 | |
Elder Ray (13): | 2.12 | |
Super Trend (3,10): | 126.66 | |
Zig ZAG (10): | 129.10 | |
VORTEX (21): | 1.2500 | |
Stochastique (14,3,5): | 92.53 | |
TEMA (21): | 127.61 | |
Williams %R (14): | -8.32 | |
Chande Momentum Oscillator (20): | 3.62 | |
Repulse (5,40,3): | 1.3800 | |
ROCnROLL: | 1 | |
TRIX (15,9): | 0.0200 | |
Courbe Coppock: | 3.51 |
MA7: | 128.07 | |
MA20: | 136.02 | |
MA50: | 153.60 | |
MA100: | 167.95 | |
MAexp7: | 127.27 | |
MAexp20: | 126.45 | |
MAexp50: | 126.34 | |
MAexp100: | 127.09 | |
Price / MA7: | +0.87% | |
Price / MA20: | -5.03% | |
Price / MA50: | -15.90% | |
Price / MA100: | -23.08% | |
Price / MAexp7: | +1.51% | |
Price / MAexp20: | +2.17% | |
Price / MAexp50: | +2.26% | |
Price / MAexp100: | +1.65% |
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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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