ETHEREUM - ETH/BTC

- BTC (-)

- Real time data - Cryptocompare

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Cryptocurrencies
Ticker:	ETHBTC
ISIN:

ETHEREUM - ETH/BTC - Weekly - Technical analysis published on 01/04/2021 (GMT)

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Timeframe : Weekly
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Court terme: Bullish

De fond: Strongly bullish

Technical indicators

56%

17%

28%

My opinion

Bullish above 0.026254 BTC

My targets

0.040100 BTC (+22.58%)

0.040305 BTC (+23.20%)

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/BTC as long as the price remains well above 0.026254 BTC. The buyers” bullish objective is set at 0.040100 BTC. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.040305 BTC. If there is any crossing, the next objective would be the resistance located at 0.072170 BTC. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible overbought items that could be a sign of a possible short-term correction.

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

5.9

Comment on the analysis

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 dallas28. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The ETHEREUM - ETH/BTC rating is 0.032714 BTC. The price is up +22.37% over 5 days with the lowest point at 0.023538 BTC and the highest point at 0.026060 BTC. The deviation from the price is +38.98% for the low point and +25.53% for the high point.

0.023538

0.026060

0.032714

The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Bearish opening

Type : Bearish

Timeframe : Openning

So that you have an overall view of the price change, here is a table showing the variations over several periods:

Technical

A technical analysis in Weekly of this ETHEREUM - ETH/BTC chart shows a strongly bullish trend. 82.14% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages show a weakening of the global trend. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

In fact, 10 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : Weekly

Previous candle closed under Bollinger bands

Type : Neutral

Timeframe : Weekly

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Weekly

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Weekly

The Central Indicators scanner found this result concerning these indicators:

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Weekly

An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:

Near horizontal resistance

Type : Bearish

Timeframe : Weekly

Resistance of channel is broken

Type : Bullish

Timeframe : Weekly

The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:

Doji

Type : Neutral

Timeframe : Weekly

ProTrendLines

Price

	S2	S1	Price	R1	R2	R3
ProTrendLines	0.016726	0.026254	0.032714	0.040100	0.072170	0.084670
Change (%)	-48.87%	-19.75%	-	+22.58%	+120.61%	+158.82%
Change	-0.015988	-0.006460	-	+0.007386	+0.039456	+0.051956
Level	Intermediate	Major	-	Major	Minor	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	0.017761	0.020424	0.025024	0.027687	0.032287	0.034950	0.039550
Camarilla	0.027627	0.028293	0.028958	0.029624	0.030290	0.030956	0.031621
Woodie	0.018730	0.020908	0.025993	0.028171	0.033256	0.035434	0.040519
Fibonacci	0.020424	0.023199	0.024913	0.027687	0.030462	0.032176	0.034950

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.017082	0.019914	0.021990	0.024822	0.026898	0.029730	0.031806
Camarilla	0.022715	0.023165	0.023615	0.024065	0.024515	0.024965	0.025415
Woodie	0.016703	0.019725	0.021611	0.024633	0.026519	0.029541	0.031427
Fibonacci	0.019914	0.021789	0.022948	0.024822	0.026697	0.027856	0.029730

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.011940	0.017343	0.021395	0.026798	0.030850	0.036253	0.040305
Camarilla	0.022846	0.023713	0.024579	0.025446	0.026313	0.027179	0.028046
Woodie	0.011264	0.017005	0.020719	0.026460	0.030174	0.035915	0.039629
Fibonacci	0.017343	0.020955	0.023187	0.026798	0.030410	0.032642	0.036253

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):	57.09
MACD (12,26,9):	-0.0002
Directional Movement:	5.763863
AROON (14):	7.142860
DEMA (21):	0.029658
Parabolic SAR (0,02-0,02-0,2):	0.022747
Elder Ray (13):	-0.000173
Super Trend (3,10):	0.035250
Zig ZAG (10):	0.032918
VORTEX (21):	0.8815
Stochastique (14,3,5):	32.26
TEMA (21):	0.028295
Williams %R (14):	-16.21
Chande Momentum Oscillator (20):	0.000581
Repulse (5,40,3):	16.2913
ROCnROLL:	1
TRIX (15,9):	0.2691
Courbe Coppock:	30.40

MA7:	0.027075
MA20:	0.026880
MA50:	0.028866
MA100:	0.029904
MAexp7:	0.028619
MAexp20:	0.029420
MAexp50:	0.028487
MAexp100:	0.029870
Price / MA7:	+20.83%
Price / MA20:	+21.70%
Price / MA50:	+13.33%
Price / MA100:	+9.40%
Price / MAexp7:	+14.30%
Price / MAexp20:	+11.19%
Price / MAexp50:	+14.83%
Price / MAexp100:	+9.51%

Quotes : 2021-01-04 21:05:41 - Real time data - Cryptocompare

This member declared not having a position on this financial instrument or a related financial instrument.

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