ETHEREUM - ETH/USD - 1H - Technical analysis published on 04/18/2020 (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 175.22 USD
My targets
183.32 USD (+2.24%)
192.05 USD (+7.11%)
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 175.22 USD. The next resistance located at 183.32 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 192.05 USD. After this resistance, buyers could then target 217.14 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
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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
ETHEREUM - ETH/USD rating 179.30 USD. The price has increased by +4.85% since the last closing with the lowest point at 170.91 USD and the highest point at 180.31 USD. The deviation from the price is +4.91% for the low point and -0.56% for the high point.170.91
180.31
179.30
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
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
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. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
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 : 1 hour
MACD indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Horizontal resistance is broken
Type : Bullish
Timeframe : 1 hour
Support of channel 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 engulfing lines
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 169.43 | 172.91 | 175.22 | 179.30 | 192.05 | 217.14 | 245.90 |
| Change (%) | -5.50% | -3.56% | -2.28% | - | +7.11% | +21.10% | +37.14% |
| Change | -9.87 | -6.39 | -4.08 | - | +12.75 | +37.84 | +66.60 |
| Level | Minor | Minor | Intermediate | - | Major | Minor | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 161.62 | 165.09 | 168.05 | 171.52 | 174.48 | 177.95 | 180.91 |
| Camarilla | 169.23 | 169.82 | 170.41 | 171.00 | 171.59 | 172.18 | 172.77 |
| Woodie | 161.36 | 164.96 | 167.79 | 171.39 | 174.22 | 177.82 | 180.65 |
| Fibonacci | 165.09 | 167.55 | 169.07 | 171.52 | 173.98 | 175.50 | 177.95 |
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 | 166.92 | 191.71 | 175.12 | 199.91 | 183.32 | 208.11 | 191.52 |
| Camarilla | 156.29 | 157.04 | 157.79 | 158.54 | 159.29 | 160.04 | 160.80 |
| Woodie | 146.24 | 181.37 | 154.44 | 189.57 | 162.64 | 197.77 | 170.84 |
| Fibonacci | 191.71 | 194.84 | 196.77 | 199.91 | 203.04 | 204.97 | 208.11 |
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): | 78.21 | |
| MACD (12,26,9): | 1.4600 | |
| Directional Movement: | 32.41 | |
| AROON (14): | 100.00 | |
| DEMA (21): | 174.93 | |
| Parabolic SAR (0,02-0,02-0,2): | 170.44 | |
| Elder Ray (13): | 3.08 | |
| Super Trend (3,10): | 171.28 | |
| Zig ZAG (10): | 179.27 | |
| VORTEX (21): | 1.1100 | |
| Stochastique (14,3,5): | 77.91 | |
| TEMA (21): | 175.09 | |
| Williams %R (14): | -15.85 | |
| Chande Momentum Oscillator (20): | 6.26 | |
| Repulse (5,40,3): | 4.1000 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0800 | |
| Courbe Coppock: | 4.04 |
| MA7: | 173.26 | |
| MA20: | 160.38 | |
| MA50: | 160.95 | |
| MA100: | 184.54 | |
| MAexp7: | 176.05 | |
| MAexp20: | 173.30 | |
| MAexp50: | 170.61 | |
| MAexp100: | 167.22 | |
| Price / MA7: | +3.49% | |
| Price / MA20: | +11.80% | |
| Price / MA50: | +11.40% | |
| Price / MA100: | -2.84% | |
| Price / MAexp7: | +1.85% | |
| Price / MAexp20: | +3.46% | |
| Price / MAexp50: | +5.09% | |
| Price / MAexp100: | +7.22% |
This member declared not having a position on this financial instrument or a related financial instrument.
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