ETHEREUM - ETH/BTC

- BTC (-)

- Real time data - Cryptocompare

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Type:	Cryptocurrencies
Ticker:	ETHBTC
ISIN:

ETHEREUM - ETH/BTC - Daily - Technical analysis published on 01/22/2021 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Court terme: Strongly bullish

De fond: Strongly bullish

Technical indicators

83%

17%

My opinion

Bullish above 0.037212 BTC

My targets

0.040100 BTC (+4.92%)

0.040305 BTC (+5.45%)

My analysis

The bullish trend is currently very strong on ETHEREUM - ETH/BTC. As long as the price remains above the support at 0.037212 BTC, you could try to benefit from the boom. The first bullish objective is located at 0.040100 BTC. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 0.040305 BTC as an objective. Crossing it would then enable buyers to target 0.072170 BTC. 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.

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

8.8

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

Additional analysis

Quotes

The ETHEREUM - ETH/BTC price is 0.038221 BTC. The price has increased by +6.01% since the last closing with the lowest point at 0.035481 BTC and the highest point at 0.038445 BTC. The deviation from the price is +7.72% for the low point and -0.58% for the high point.

0.035481

0.038445

0.038221

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

Here is a more detailed summary of the historical variations registered by ETHEREUM - ETH/BTC:

The Central Records scanner for higher/lower results shows the following items:

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

The Central Volumes scanner detects abnormal volumes on the asset:

Abnormal volumes

Timeframe : 20 days

Technical

Technical analysis of ETHEREUM - ETH/BTC in Daily shows a strongly overall bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:

Moving Average bullish crossovers : MA50 & MA100

Type : Bullish

Timeframe : Daily

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:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Previous candle closed over Bollinger bands

Type : Neutral

Timeframe : Daily

CCI indicator: bearish divergence

Type : Bearish

Timeframe : Daily

MACD indicator: bearish divergence

Type : Bearish

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Daily

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

Price is back under the pivot point

Type : Bearish

Timeframe : Daily

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

Resistance of channel is broken

Type : Bullish

Timeframe : Daily

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.026254	0.033451	0.037212	0.038221	0.040100	0.072170	0.084670
Change (%)	-31.31%	-12.48%	-2.64%	-	+4.92%	+88.82%	+121.53%
Change	-0.011967	-0.004770	-0.001009	-	+0.001879	+0.033949	+0.046449
Level	Major	Major	Intermediate	-	Major	Minor	Minor

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	0.032049	0.034036	0.035048	0.037035	0.038047	0.040034	0.041046
Camarilla	0.035234	0.035509	0.035784	0.036059	0.036334	0.036609	0.036884
Woodie	0.031561	0.033792	0.034560	0.036791	0.037559	0.039790	0.040558
Fibonacci	0.034036	0.035182	0.035890	0.037035	0.038181	0.038889	0.040034

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.025348	0.027386	0.030745	0.032783	0.036142	0.038180	0.041539
Camarilla	0.032620	0.033115	0.033609	0.034104	0.034599	0.035094	0.035588
Woodie	0.026009	0.027716	0.031406	0.033113	0.036803	0.038510	0.042200
Fibonacci	0.027386	0.029448	0.030721	0.032783	0.034845	0.036118	0.038180

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 technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators

Moving averages

RSI (14):	66.11
MACD (12,26,9):	0.0023
Directional Movement:	14.503191
AROON (14):	92.857140
DEMA (21):	0.035995
Parabolic SAR (0,02-0,02-0,2):	0.028219
Elder Ray (13):	0.002279
Super Trend (3,10):	0.030510
Zig ZAG (10):	0.038266
VORTEX (21):	1.1808
Stochastique (14,3,5):	86.91
TEMA (21):	0.037683
Williams %R (14):	-8.50
Chande Momentum Oscillator (20):	0.005337
Repulse (5,40,3):	8.7108
ROCnROLL:	1
TRIX (15,9):	0.8095
Courbe Coppock:	35.77

MA7:	0.036308
MA20:	0.033104
MA50:	0.030090
MA100:	0.029976
MAexp7:	0.036249
MAexp20:	0.033335
MAexp50:	0.031195
MAexp100:	0.030632
Price / MA7:	+5.27%
Price / MA20:	+15.46%
Price / MA50:	+27.02%
Price / MA100:	+27.51%
Price / MAexp7:	+5.44%
Price / MAexp20:	+14.66%
Price / MAexp50:	+22.52%
Price / MAexp100:	+24.77%

Quotes : 2021-01-22 17:18:06 - Real time data - Cryptocompare

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

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