ETHEREUM - ETH/USD - 1H - Technical analysis published on 04/14/2020 (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:
Neutral
Technical indicators
56%
17%
28%
My opinion
Bullish above 154.76 USD
My targets
161.35 USD (+2.43%)
165.51 USD (+5.07%)
My analysis
The current short-term bullish trend should quickly fix the basic bullish trend. To avoid contradicting the short term, it would be possible to favour long positions (at the time of purchase) for ETHEREUM - ETH/USD as long as the price remains well above 154.76 USD. The buyers” bullish objective is set at 161.35 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 165.51 USD. If there is any crossing, the next objective would be the resistance located at 171.19 USD.
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
2.3
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The ETHEREUM - ETH/USD rating is 157.52 USD. On the day, this instrument lost +0.43% and was between 155.69 USD and 159.41 USD. This implies that the price is at +1.18% from its lowest and at -1.19% from its highest.155.69
159.41
157.52
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of this 1H chart of ETHEREUM - ETH/USD indicates that the overall trend is not clearly defined. This indecision could turn into a bullish trend due to the strong bullish signals currently being given by short-term moving averages. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with Moving Average 50
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
The technical indicators are bullish. There is still some doubt about the price increase.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
RSI indicator is back over 50
Type : Bullish
Timeframe : 1 hour
Momentum indicator is back over 0
Type : Bullish
Timeframe : 1 hour
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 support of channel
Type : Bullish
Timeframe : 1 hour
Near support of triangle
Type : Bullish
Timeframe : 1 hour
Horizontal support is broken
Type : Bearish
Timeframe : 1 hour
For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:
Bullish harami
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 139.44 | 151.47 | 154.76 | 157.52 | 161.35 | 165.51 | 171.19 |
| Change (%) | -11.48% | -3.84% | -1.75% | - | +2.43% | +5.07% | +8.68% |
| Change | -18.08 | -6.05 | -2.76 | - | +3.83 | +7.99 | +13.67 |
| Level | Major | Intermediate | Intermediate | - | Minor | 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 | 142.80 | 146.66 | 151.75 | 155.61 | 160.70 | 164.56 | 169.65 |
| Camarilla | 154.38 | 155.20 | 156.02 | 156.84 | 157.66 | 158.48 | 159.30 |
| Woodie | 143.42 | 146.97 | 152.37 | 155.92 | 161.32 | 164.87 | 170.27 |
| Fibonacci | 146.66 | 150.08 | 152.19 | 155.61 | 159.03 | 161.14 | 164.56 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 105.36 | 123.18 | 140.88 | 158.70 | 176.40 | 194.22 | 211.92 |
| Camarilla | 148.81 | 152.07 | 155.32 | 158.58 | 161.84 | 165.09 | 168.35 |
| Woodie | 105.30 | 123.15 | 140.82 | 158.67 | 176.34 | 194.19 | 211.86 |
| Fibonacci | 123.18 | 136.75 | 145.13 | 158.70 | 172.27 | 180.65 | 194.22 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -98.01 | -4.02 | 64.51 | 158.50 | 227.03 | 321.02 | 389.55 |
| Camarilla | 88.34 | 103.24 | 118.13 | 133.03 | 147.93 | 162.83 | 177.72 |
| Woodie | -110.75 | -10.39 | 51.77 | 152.14 | 214.29 | 314.66 | 376.81 |
| Fibonacci | -4.02 | 58.07 | 96.42 | 158.50 | 220.59 | 258.94 | 321.02 |
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): | 52.23 | |
| MACD (12,26,9): | 0.3700 | |
| Directional Movement: | 9.74 | |
| AROON (14): | -28.57 | |
| DEMA (21): | 157.33 | |
| Parabolic SAR (0,02-0,02-0,2): | 156.13 | |
| Elder Ray (13): | -0.35 | |
| Super Trend (3,10): | 153.73 | |
| Zig ZAG (10): | 157.34 | |
| VORTEX (21): | 1.0800 | |
| Stochastique (14,3,5): | 35.30 | |
| TEMA (21): | 157.85 | |
| Williams %R (14): | -55.11 | |
| Chande Momentum Oscillator (20): | 1.06 | |
| Repulse (5,40,3): | 0.4400 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0400 | |
| Courbe Coppock: | 1.17 |
| MA7: | 161.83 | |
| MA20: | 148.33 | |
| MA50: | 165.80 | |
| MA100: | 182.65 | |
| MAexp7: | 157.27 | |
| MAexp20: | 156.86 | |
| MAexp50: | 156.96 | |
| MAexp100: | 158.06 | |
| Price / MA7: | -2.66% | |
| Price / MA20: | +6.20% | |
| Price / MA50: | -4.99% | |
| Price / MA100: | -13.76% | |
| Price / MAexp7: | +0.16% | |
| Price / MAexp20: | +0.42% | |
| Price / MAexp50: | +0.36% | |
| Price / MAexp100: | -0.34% |
This member declared not having a position on this financial instrument or a related financial instrument.
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