ETHEREUM - ETH/USD - 15 min. - Technical analysis published on 05/04/2020 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : LEVEL MAINTAINED
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Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Slightly bearish
Technical indicators
89%
0%
11%
My opinion
Bullish above 197.80 USD
My targets
211.54 USD (+3.69%)
217.55 USD (+6.64%)
My analysis
The current short-term bullish trend is expected to quickly reset the neutral or 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 197.80 USD. The buyers” bullish objective is set at 211.54 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 217.55 USD. If there is any crossing, the next objective would be the resistance located at 225.28 USD. As the basic trend is not clearly displayed, attention should be paid to the price reaction to the resistance at 211.54 USD. On this resistance, against the trend traders who would like to go short on ETHEREUM - ETH/USD with a bearish signal from their trading strategy, should not hesitate to act.
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
3.2
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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 204.00 USD. The price registered an increase of -2.78% on the session and was traded between 195.00 USD and 210.81 USD over the period. The price is currently at +4.62% from its lowest and -3.23% from its highest.195.00
210.81
204.00
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
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 this 15 min. chart of ETHEREUM - ETH/USD indicates that the overall trend is slightly bearish. 57.14% of the signals given by moving averages are bearish. Caution: the strong bullish signals currently being given by short-term moving averages indicate that this slightly bearish trend could quickly be reversed. There is no crossing of moving average by the price or crossing of moving averages between themselves.
An assessment of technical indicators shows a strong bullish signal.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 15 minutes
RSI indicator: bearish divergence
Type : Bearish
Timeframe : 15 minutes
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 15 minutes
Pivot points : price is under support 1
Type : Neutral
Timeframe : 15 minutes
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:
Near resistance of triangle
Type : Bearish
Timeframe : 15 minutes
Resistance of channel is broken
Type : Bullish
Timeframe : 15 minutes
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 188.22 | 192.24 | 202.42 | 204.00 | 208.19 | 213.04 | 217.14 |
| Change (%) | -7.74% | -5.76% | -0.77% | - | +2.05% | +4.43% | +6.44% |
| Change | -15.78 | -11.76 | -1.58 | - | +4.19 | +9.04 | +13.14 |
| Level | Major | Intermediate | Intermediate | - | Minor | Minor | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 190.07 | 197.80 | 203.81 | 211.54 | 217.55 | 225.28 | 231.29 |
| Camarilla | 206.05 | 207.31 | 208.57 | 209.83 | 211.09 | 212.35 | 213.61 |
| Woodie | 189.22 | 197.37 | 202.96 | 211.11 | 216.70 | 224.85 | 230.44 |
| Fibonacci | 197.80 | 203.05 | 206.29 | 211.54 | 216.79 | 220.03 | 225.28 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 157.32 | 173.97 | 194.11 | 210.76 | 230.90 | 247.55 | 267.69 |
| Camarilla | 204.12 | 207.50 | 210.87 | 214.24 | 217.61 | 220.99 | 224.36 |
| Woodie | 159.06 | 174.84 | 195.85 | 211.63 | 232.64 | 248.42 | 269.43 |
| Fibonacci | 173.97 | 188.03 | 196.71 | 210.76 | 224.82 | 233.50 | 247.55 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 49.51 | 89.30 | 147.85 | 187.64 | 246.19 | 285.98 | 344.53 |
| Camarilla | 179.37 | 188.38 | 197.40 | 206.41 | 215.43 | 224.44 | 233.45 |
| Woodie | 58.90 | 93.99 | 157.24 | 192.33 | 255.58 | 290.67 | 353.92 |
| Fibonacci | 89.30 | 126.86 | 150.07 | 187.64 | 225.20 | 248.41 | 285.98 |
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): | 60.68 | |
| MACD (12,26,9): | 0.4500 | |
| Directional Movement: | 12.04 | |
| AROON (14): | 92.86 | |
| DEMA (21): | 201.24 | |
| Parabolic SAR (0,02-0,02-0,2): | 199.07 | |
| Elder Ray (13): | 2.09 | |
| Super Trend (3,10): | 199.35 | |
| Zig ZAG (10): | 203.23 | |
| VORTEX (21): | 1.1200 | |
| Stochastique (14,3,5): | 86.60 | |
| TEMA (21): | 202.53 | |
| Williams %R (14): | -7.41 | |
| Chande Momentum Oscillator (20): | 3.19 | |
| Repulse (5,40,3): | 0.8700 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0100 | |
| Courbe Coppock: | 1.95 |
| MA7: | 208.23 | |
| MA20: | 190.47 | |
| MA50: | 161.23 | |
| MA100: | 189.37 | |
| MAexp7: | 202.25 | |
| MAexp20: | 200.99 | |
| MAexp50: | 201.96 | |
| MAexp100: | 204.64 | |
| Price / MA7: | -2.03% | |
| Price / MA20: | +7.10% | |
| Price / MA50: | +26.53% | |
| Price / MA100: | +7.73% | |
| Price / MAexp7: | +0.87% | |
| Price / MAexp20: | +1.50% | |
| Price / MAexp50: | +1.01% | |
| Price / MAexp100: | -0.31% |
This member declared not having a position on this financial instrument or a related financial instrument.
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