ETHEREUM - ETH/BTC - 1H - Technical analysis published on 11/10/2019 (GMT)
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- Timeframe : 1H
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Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
67%
6%
28%
My opinion
Bullish above 0.020952 BTC
My targets
0.022494 BTC (+6.38%)
0.025182 BTC (+19.10%)
My analysis
ETHEREUM - ETH/BTC is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 0.020952 BTC. The next resistance located at 0.022494 BTC is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 0.025182 BTC. After this resistance, buyers could then target 0.027790 BTC. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
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
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Additional analysis
Quotes
The ETHEREUM - ETH/BTC rating is 0.021144 BTC. The price has increased by +0.72% since the last closing with the lowest point at 0.020927 BTC and the highest point at 0.021313 BTC. The deviation from the price is +1.04% for the low point and -0.79% for the high point.0.020927
0.021313
0.021144
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by ETHEREUM - ETH/BTC:
Technical
Technical analysis of ETHEREUM - ETH/BTC in 1H shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, 12 technical indicators on 18 studied are currently bullish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Williams %R indicator is back under -50
Type : Bearish
Timeframe : 1 hour
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 : 1 hour
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:
Black hanging man / hammer
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.020367 | 0.020552 | 0.020952 | 0.021144 | 0.022494 | 0.025182 | 0.027790 |
| Change (%) | -3.67% | -2.80% | -0.91% | - | +6.38% | +19.10% | +31.43% |
| Change | -0.000777 | -0.000592 | -0.000192 | - | +0.001350 | +0.004038 | +0.006646 |
| Level | Minor | Intermediate | Intermediate | - | Intermediate | Intermediate | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.020560 | 0.020673 | 0.020833 | 0.020946 | 0.021106 | 0.021219 | 0.021379 |
| Camarilla | 0.020917 | 0.020942 | 0.020967 | 0.020992 | 0.021017 | 0.021042 | 0.021067 |
| Woodie | 0.020583 | 0.020685 | 0.020856 | 0.020958 | 0.021129 | 0.021231 | 0.021402 |
| Fibonacci | 0.020673 | 0.020778 | 0.020842 | 0.020946 | 0.021051 | 0.021115 | 0.021219 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.018606 | 0.019111 | 0.020051 | 0.020556 | 0.021496 | 0.022001 | 0.022941 |
| Camarilla | 0.020595 | 0.020727 | 0.020860 | 0.020992 | 0.021125 | 0.021257 | 0.021389 |
| Woodie | 0.018825 | 0.019220 | 0.020270 | 0.020665 | 0.021715 | 0.022110 | 0.023160 |
| Fibonacci | 0.019111 | 0.019663 | 0.020004 | 0.020556 | 0.021108 | 0.021449 | 0.022001 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.014020 | 0.016445 | 0.018186 | 0.020611 | 0.022352 | 0.024777 | 0.026518 |
| Camarilla | 0.018781 | 0.019163 | 0.019545 | 0.019927 | 0.020309 | 0.020691 | 0.021073 |
| Woodie | 0.013678 | 0.016274 | 0.017844 | 0.020440 | 0.022010 | 0.024606 | 0.026176 |
| Fibonacci | 0.016445 | 0.018036 | 0.019020 | 0.020611 | 0.022202 | 0.023186 | 0.024777 |
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): | 61.09 | |
| MACD (12,26,9): | 0.0001 | |
| Directional Movement: | 23.032899 | |
| AROON (14): | 14.285713 | |
| DEMA (21): | 0.021174 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.020978 | |
| Elder Ray (13): | 0.000030 | |
| Super Trend (3,10): | 0.020917 | |
| Zig ZAG (10): | 0.021161 | |
| VORTEX (21): | 1.1770 | |
| Stochastique (14,3,5): | 56.04 | |
| TEMA (21): | 0.021173 | |
| Williams %R (14): | -41.19 | |
| Chande Momentum Oscillator (20): | 0.000143 | |
| Repulse (5,40,3): | -0.1745 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0495 | |
| Courbe Coppock: | 1.51 |
| MA7: | 0.020547 | |
| MA20: | 0.020368 | |
| MA50: | 0.021040 | |
| MA100: | 0.019761 | |
| MAexp7: | 0.021142 | |
| MAexp20: | 0.021075 | |
| MAexp50: | 0.020914 | |
| MAexp100: | 0.020696 | |
| Price / MA7: | +2.91% | |
| Price / MA20: | +3.81% | |
| Price / MA50: | +0.49% | |
| Price / MA100: | +7.00% | |
| Price / MAexp7: | +0.01% | |
| Price / MAexp20: | +0.33% | |
| Price / MAexp50: | +1.10% | |
| Price / MAexp100: | +2.16% |
This member declared not having a position on this financial instrument or a related financial instrument.
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