ETHEREUM - ETH/USD
ETHEREUM - ETH/USD
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Type: Cryptocurrencies
Ticker: ETHUSD
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ETHEREUM - ETH/USD - 1H - Technical analysis published on 05/13/2020 (GMT)

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  • Timeframe : 1H
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Summary of the analysis

Trends
Court terme: Strongly bullish
De fond: Slightly bullish
Technical indicators
78%
6%
17%
My opinion
Bullish above 191.40 USD
My targets
202.41 USD (+4.44%)
209.41 USD (+8.05%)
My analysis
The short-term increase currently reinforces the basic trend, which is only slightly bullish. It would be possible for traders to only trade long positions (at the time of purchase) on ETHEREUM - ETH/USD as long as the price remains well above 191.40 USD. The buyers” bullish objective is set at 202.41 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 209.41 USD. If there is any crossing, the next objective would be the resistance located at 215.79 USD.

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

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

The ETHEREUM - ETH/USD price is 193.81 USD. On the day, this instrument lost +2.16% with the lowest point at 188.69 USD and the highest point at 195.00 USD. The deviation from the price is +2.71% for the low point and -0.61% for the high point.

188.69
195.00
193.81

The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.

Central Gaps

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


A technical analysis in 1H of this ETHEREUM - ETH/USD chart shows a slightly bullish trend. 57.14% of the signals given by moving averages are bullish. The overall trend could accelerate as strong bullish signals from short-term moving averages are expected. An assessment of moving averages reveals a bullish signal that could impact this trend:

Central Indicators

Bullish price crossover with Moving Average 100

Type : Bullish

Timeframe : 1 hour



In fact, 14 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : 1 hour


Pivot points : price is under support 1

Type : Neutral

Timeframe : Weekly


MACD crosses UP its Moving Average

Type : Bullish

Timeframe : 1 hour


Parabolic SAR indicator bullish reversal

Type : Bullish

Timeframe : 1 hour



The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

Central Patterns

Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour


Resistance of triangle is broken

Type : Bullish

Timeframe : 1 hour


Horizontal support is broken

Type : Bearish

Timeframe : 1 hour



The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:

Central Candlesticks

Upside gap

Type : Bullish

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 180.50 183.86 191.40 193.81 202.41 209.41 215.79
Change (%) -6.87% -5.13% -1.24% - +4.44% +8.05% +11.34%
Change -13.31 -9.95 -2.41 - +8.60 +15.60 +21.98
Level Intermediate Minor Major - Minor Intermediate Major



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
Standard179.78182.75186.24189.21192.70195.67199.16
Camarilla187.94188.54189.13189.72190.31190.90191.50
Woodie180.03182.88186.49189.34192.95195.80199.41
Fibonacci182.75185.22186.75189.21191.68193.21195.67


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard172.71183.86196.97208.12221.23232.38245.49
Camarilla203.42205.64207.87210.09212.31214.54216.76
Woodie173.70184.35197.96208.61222.22232.87246.48
Fibonacci183.86193.12198.85208.12217.38223.11232.38


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard49.5189.30147.85187.64246.19285.98344.53
Camarilla179.37188.38197.40206.41215.43224.44233.45
Woodie58.9093.99157.24192.33255.58290.67353.92
Fibonacci89.30126.86150.07187.64225.20248.41285.98

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): 62.68
MACD (12,26,9): 0.4900
Directional Movement: 2.36
AROON (14): 100.00
DEMA (21): 191.23
Parabolic SAR (0,02-0,02-0,2): 188.69
Elder Ray (13): 1.76
Super Trend (3,10): 188.23
Zig ZAG (10): 194.10
VORTEX (21): 1.0100
Stochastique (14,3,5): 83.58
TEMA (21): 191.76
Williams %R (14): -12.99
Chande Momentum Oscillator (20): 4.09
Repulse (5,40,3): 2.2200
ROCnROLL: 1
TRIX (15,9): 0.0400
Courbe Coppock: 1.93
MA7: 198.92
MA20: 201.68
MA50: 174.24
MA100: 191.23
MAexp7: 192.07
MAexp20: 190.35
MAexp50: 190.24
MAexp100: 192.92
Price / MA7: -2.57%
Price / MA20: -3.90%
Price / MA50: +11.23%
Price / MA100: +1.35%
Price / MAexp7: +0.91%
Price / MAexp20: +1.82%
Price / MAexp50: +1.88%
Price / MAexp100: +0.46%

This member declared not having a position on this financial instrument or a related financial instrument.

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