ETHEREUM - ETH/USD - 1H - Technical analysis published on 05/08/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Bullish
De fond:
Strongly bullish
Technical indicators
44%
17%
39%
My opinion
Bullish above 208.21 USD
My targets
215.79 USD (+2.13%)
227.42 USD (+7.63%)
My analysis
The basic bullish trend is very strong on ETHEREUM - ETH/USD but the short term shows some signs of running out of steam. However, a purchase could be considered as long as the price remains above 208.21 USD. Crossing the first resistance at 215.79 USD would be a sign of a potential new surge in the price. Buyers would then use the next resistance located at 227.42 USD as an objective. Crossing it would then enable buyers to target 231.90 USD. Caution, a return to below 208.21 USD would be a sign of a consolidation phase in the short-term basic trend. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
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
5.2
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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 211.29 USD. The price registered a decrease of -0.49% on the session and was between 207.19 USD and 217.08 USD. This implies that the price is at +1.98% from its lowest and at -2.67% from its highest.207.19
217.08
211.29
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
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:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this ETHEREUM - ETH/USD chart shows a strongly bullish trend. 82.14% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages show a weakening of the global trend. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : 1 hour
In fact, according to the parameters integrated into the Central Analyzer system, only 8 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bearish signal that could support the hypothesis of a small drop in the very short term:
Bearish harami
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 198.62 | 202.44 | 208.21 | 211.29 | 212.02 | 215.79 | 227.42 |
| Change (%) | -6.00% | -4.19% | -1.46% | - | +0.35% | +2.13% | +7.63% |
| Change | -12.67 | -8.85 | -3.08 | - | +0.73 | +4.50 | +16.13 |
| Level | Minor | Intermediate | Minor | - | Intermediate | Major | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 184.39 | 190.92 | 201.62 | 208.15 | 218.85 | 225.38 | 236.08 |
| Camarilla | 207.58 | 209.16 | 210.74 | 212.32 | 213.90 | 215.48 | 217.06 |
| Woodie | 186.48 | 191.96 | 203.71 | 209.19 | 220.94 | 226.42 | 238.17 |
| Fibonacci | 190.92 | 197.50 | 201.57 | 208.15 | 214.73 | 218.80 | 225.38 |
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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 55.73 | |
| MACD (12,26,9): | 0.6500 | |
| Directional Movement: | 6.43 | |
| AROON (14): | -35.71 | |
| DEMA (21): | 211.84 | |
| Parabolic SAR (0,02-0,02-0,2): | 213.94 | |
| Elder Ray (13): | 1.19 | |
| Super Trend (3,10): | 216.34 | |
| Zig ZAG (10): | 211.64 | |
| VORTEX (21): | 0.9700 | |
| Stochastique (14,3,5): | 48.56 | |
| TEMA (21): | 211.51 | |
| Williams %R (14): | -40.24 | |
| Chande Momentum Oscillator (20): | -1.43 | |
| Repulse (5,40,3): | -0.0400 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0600 | |
| Courbe Coppock: | 2.18 |
| MA7: | 208.50 | |
| MA20: | 197.90 | |
| MA50: | 168.21 | |
| MA100: | 190.82 | |
| MAexp7: | 211.24 | |
| MAexp20: | 210.91 | |
| MAexp50: | 209.41 | |
| MAexp100: | 208.45 | |
| Price / MA7: | +1.34% | |
| Price / MA20: | +6.77% | |
| Price / MA50: | +25.61% | |
| Price / MA100: | +10.73% | |
| Price / MAexp7: | +0.02% | |
| Price / MAexp20: | +0.18% | |
| Price / MAexp50: | +0.90% | |
| Price / MAexp100: | +1.36% |
This member declared not having a position on this financial instrument or a related financial instrument.
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