ETHEREUM - ETH/USDT
ETHEREUM - ETH/USDT
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Type: Cryptocurrencies
Ticker: ETHUSDT
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ETHEREUM - ETH/USDT - 1H - Technical analysis published on 12/26/2019 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : TARGET REACHED

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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

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

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.

Central Gaps

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:

Central Indicators

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

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Central Indicators

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:

Central Patterns

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


S3S2S1PriceR1R2R3
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
Standard119.15121.41123.20125.46127.25129.51131.30
Camarilla123.87124.24124.61124.98125.35125.72126.09
Woodie118.91121.29122.96125.34127.01129.39131.06
Fibonacci121.41122.96123.92125.46127.01127.97129.51


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard87.96102.48114.74129.26141.52156.04168.30
Camarilla119.64122.09124.55127.00129.46131.91134.37
Woodie86.83101.92113.61128.70140.39155.48167.17
Fibonacci102.48112.71119.03129.26139.49145.81156.04


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard61.3196.40123.97159.06186.63221.72249.29
Camarilla134.30140.04145.79151.53157.27163.02168.76
Woodie57.5494.52120.20157.18182.86219.84245.52
Fibonacci96.40120.34135.13159.06183.00197.79221.72

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.

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