ETHEREUM - ETH/USD
ETHEREUM - ETH/USD
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Type: Cryptocurrencies
Ticker: ETHUSD
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ETHEREUM - ETH/USD - 1H - Technical analysis published on 04/06/2020 (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: Strongly bullish
Technical indicators
89%
0%
11%
My opinion
Bullish above 148.06 USD
My targets
153.71 USD (+2.25%)
160.56 USD (+6.81%)
My analysis
ETHEREUM - ETH/USD 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 148.06 USD. The next resistance located at 153.71 USD 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 160.56 USD. After this resistance, buyers could then target 192.05 USD. 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
0
10
8.9

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/USD price is 150.33 USD. The price registered an increase of +5.08% on the session with the lowest point at 142.85 USD and the highest point at 151.40 USD. The deviation from the price is +5.24% for the low point and -0.71% for the high point.

142.85
151.40
150.33

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



A study of price movements over other periods shows the following variations:

Technical


Technical analysis of ETHEREUM - ETH/USD in 1H shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

In fact, 16 technical indicators on 18 studied are currently positioned bullish. 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 2

Type : Neutral

Timeframe : 1 hour


Price is back over the pivot point

Type : Bullish

Timeframe : Weekly



Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

Central Patterns

Horizontal resistance is broken

Type : Bullish

Timeframe : 1 hour


Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour



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


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 139.34 142.80 148.06 150.33 160.56 192.05 245.90
Change (%) -7.31% -5.01% -1.51% - +6.81% +27.75% +63.57%
Change -10.99 -7.53 -2.27 - +10.23 +41.72 +95.57
Level Major Minor Major - Minor Intermediate 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
Standard135.76138.38140.72143.34145.68148.30150.64
Camarilla141.70142.15142.61143.06143.52143.97144.42
Woodie135.62138.31140.58143.27145.54148.23150.50
Fibonacci138.38140.28141.45143.34145.24146.41148.30


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard105.47114.70129.59138.82153.71162.94177.83
Camarilla137.84140.05142.26144.47146.68148.89151.10
Woodie108.29116.12132.41140.24156.53164.36180.65
Fibonacci114.70123.92129.61138.82148.04153.73162.94


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard-98.01-4.0264.51158.50227.03321.02389.55
Camarilla88.34103.24118.13133.03147.93162.83177.72
Woodie-110.75-10.3951.77152.14214.29314.66376.81
Fibonacci-4.0258.0796.42158.50220.59258.94321.02

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): 72.66
MACD (12,26,9): 1.6900
Directional Movement: 27.42
AROON (14): 71.42
DEMA (21): 147.88
Parabolic SAR (0,02-0,02-0,2): 145.05
Elder Ray (13): 3.24
Super Trend (3,10): 145.26
Zig ZAG (10): 150.86
VORTEX (21): 1.2200
Stochastique (14,3,5): 88.69
TEMA (21): 149.16
Williams %R (14): -7.55
Chande Momentum Oscillator (20): 7.83
Repulse (5,40,3): 1.9300
ROCnROLL: 1
TRIX (15,9): 0.0800
Courbe Coppock: 6.97
MA7: 141.38
MA20: 135.24
MA50: 182.17
MA100: 180.01
MAexp7: 148.40
MAexp20: 145.98
MAexp50: 144.19
MAexp100: 142.13
Price / MA7: +6.33%
Price / MA20: +11.16%
Price / MA50: -17.48%
Price / MA100: -16.49%
Price / MAexp7: +1.30%
Price / MAexp20: +2.98%
Price / MAexp50: +4.26%
Price / MAexp100: +5.77%

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

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