ETHEREUM - ETH/USD - Daily - Technical analysis published on 04/23/2020 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Bullish
Technical indicators
56%
17%
28%
My opinion
Bullish above 160.43 USD
My targets
191.61 USD (+6.49%)
217.14 USD (+20.67%)
My analysis
In the short term, there could be an acceleration of the basic bullish trend on ETHEREUM - ETH/USD. This is a positive signal for buyers. As long as the price remains above 160.43 USD, a purchase could be considered. The first bullish objective is located at 191.61 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 217.14 USD as an objective. Crossing it would then enable buyers to target 245.90 USD. In the event of a return below 160.43 USD, the price would probably only initiate a small short-term correction to improve the bullish trend. Trading this correction may be risky.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
FORCE
0
10
4.8
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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 price is 179.94 USD. The price registered an increase of -1.62% on the session and was traded between 178.63 USD and 187.00 USD over the period. The price is currently at +0.73% from its lowest and -3.78% from its highest.178.63
187.00
179.94
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by ETHEREUM - ETH/USD:
Technical
Technical analysis of ETHEREUM - ETH/USD in Daily shows an overall bullish trend. 67.86% of the signals given by moving averages are bullish. This 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, 10 technical indicators on 18 studied are currently positioned bullish. But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
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:
Near horizontal resistance
Type : Bearish
Timeframe : Daily
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects these signals that could have an impact on the current short-term trend:
White morning star
Type : Bullish
Timeframe : Daily
Downside Tasuki gap
Type : Bearish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 119.21 | 139.44 | 160.43 | 179.94 | 191.61 | 217.14 | 245.90 |
| Change (%) | -33.75% | -22.51% | -10.84% | - | +6.49% | +20.67% | +36.66% |
| Change | -60.73 | -40.50 | -19.51 | - | +11.67 | +37.20 | +65.96 |
| Level | Major | Minor | Major | - | 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 | 159.63 | 164.86 | 173.88 | 179.11 | 188.13 | 193.36 | 202.38 |
| Camarilla | 178.98 | 180.29 | 181.59 | 182.90 | 184.21 | 185.51 | 186.82 |
| Woodie | 161.53 | 165.81 | 175.78 | 180.06 | 190.03 | 194.31 | 204.28 |
| Fibonacci | 164.86 | 170.30 | 173.67 | 179.11 | 184.55 | 187.92 | 193.36 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 119.40 | 133.94 | 160.80 | 175.34 | 202.20 | 216.74 | 243.60 |
| Camarilla | 176.27 | 180.06 | 183.86 | 187.65 | 191.45 | 195.24 | 199.04 |
| Woodie | 125.55 | 137.02 | 166.95 | 178.42 | 208.35 | 219.82 | 249.75 |
| Fibonacci | 133.94 | 149.76 | 159.53 | 175.34 | 191.16 | 200.93 | 216.74 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 162.91 | 184.72 | 177.61 | 199.42 | 192.31 | 214.12 | 207.01 |
| Camarilla | 166.45 | 167.80 | 169.14 | 170.49 | 171.84 | 173.19 | 174.53 |
| Woodie | 148.44 | 177.49 | 163.14 | 192.19 | 177.84 | 206.89 | 192.54 |
| Fibonacci | 184.72 | 190.34 | 193.81 | 199.42 | 205.04 | 208.51 | 214.12 |
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): | 54.04 | |
| MACD (12,26,9): | 7.7800 | |
| Directional Movement: | 6.70 | |
| AROON (14): | 35.71 | |
| DEMA (21): | 178.93 | |
| Parabolic SAR (0,02-0,02-0,2): | 168.45 | |
| Elder Ray (13): | 7.98 | |
| Super Trend (3,10): | 162.33 | |
| Zig ZAG (10): | 179.60 | |
| VORTEX (21): | 1.1000 | |
| Stochastique (14,3,5): | 40.16 | |
| TEMA (21): | 188.79 | |
| Williams %R (14): | -57.28 | |
| Chande Momentum Oscillator (20): | 21.28 | |
| Repulse (5,40,3): | -0.9400 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.6100 | |
| Courbe Coppock: | 26.53 |
| MA7: | 183.25 | |
| MA20: | 169.59 | |
| MA50: | 156.02 | |
| MA100: | 185.69 | |
| MAexp7: | 179.97 | |
| MAexp20: | 170.13 | |
| MAexp50: | 168.36 | |
| MAexp100: | 172.53 | |
| Price / MA7: | -1.81% | |
| Price / MA20: | +6.10% | |
| Price / MA50: | +15.33% | |
| Price / MA100: | -3.10% | |
| Price / MAexp7: | -0.02% | |
| Price / MAexp20: | +5.77% | |
| Price / MAexp50: | +6.88% | |
| Price / MAexp100: | +4.29% |
This member declared not having a position on this financial instrument or a related financial instrument.
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