ETHEREUM - ETH/USD - 1H - Technical analysis published on 05/14/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
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Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
72%
6%
22%
My opinion
Bullish above 198.86 USD
My targets
209.40 USD (+3.08%)
215.79 USD (+6.23%)
My analysis
The bullish trend is currently very strong on ETHEREUM - ETH/USD. As long as the price remains above the support at 198.86 USD, you could try to benefit from the boom. The first bullish objective is located at 209.40 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 215.79 USD as an objective. Crossing it would then enable buyers to target 245.90 USD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. 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
8.2
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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 rating is 203.14 USD. The price registered a decrease of +1.65% on the session and was between 196.21 USD and 206.07 USD. This implies that the price is at +3.53% from its lowest and at -1.42% from its highest.196.21
206.07
203.14
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
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 1H shows a strongly overall bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, 13 technical indicators on 18 studied are currently positioned bullish. But beware of excesses. The Central Indicators scanner currently detects this:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : 1 hour
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
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
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 191.40 | 198.86 | 202.34 | 203.14 | 209.40 | 215.79 | 245.90 |
| Change (%) | -5.78% | -2.11% | -0.39% | - | +3.08% | +6.23% | +21.05% |
| Change | -11.74 | -4.28 | -0.80 | - | +6.26 | +12.65 | +42.76 |
| Level | Major | Major | 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 | 179.20 | 183.95 | 191.89 | 196.64 | 204.58 | 209.33 | 217.27 |
| Camarilla | 196.35 | 197.51 | 198.68 | 199.84 | 201.00 | 202.17 | 203.33 |
| Woodie | 180.81 | 184.75 | 193.50 | 197.44 | 206.19 | 210.13 | 218.88 |
| Fibonacci | 183.95 | 188.79 | 191.79 | 196.64 | 201.48 | 204.48 | 209.33 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 172.71 | 183.86 | 196.97 | 208.12 | 221.23 | 232.38 | 245.49 |
| Camarilla | 203.42 | 205.64 | 207.87 | 210.09 | 212.31 | 214.54 | 216.76 |
| Woodie | 173.70 | 184.35 | 197.96 | 208.61 | 222.22 | 232.87 | 246.48 |
| Fibonacci | 183.86 | 193.12 | 198.85 | 208.12 | 217.38 | 223.11 | 232.38 |
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): | 66.86 | |
| MACD (12,26,9): | 2.3700 | |
| Directional Movement: | 22.12 | |
| AROON (14): | 35.71 | |
| DEMA (21): | 202.00 | |
| Parabolic SAR (0,02-0,02-0,2): | 197.07 | |
| Elder Ray (13): | 3.92 | |
| Super Trend (3,10): | 197.03 | |
| Zig ZAG (10): | 202.93 | |
| VORTEX (21): | 1.1800 | |
| Stochastique (14,3,5): | 85.34 | |
| TEMA (21): | 202.71 | |
| Williams %R (14): | -32.25 | |
| Chande Momentum Oscillator (20): | 3.33 | |
| Repulse (5,40,3): | 0.1600 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1600 | |
| Courbe Coppock: | 3.45 |
| MA7: | 198.29 | |
| MA20: | 202.84 | |
| MA50: | 175.73 | |
| MA100: | 191.45 | |
| MAexp7: | 201.32 | |
| MAexp20: | 198.89 | |
| MAexp50: | 195.57 | |
| MAexp100: | 195.10 | |
| Price / MA7: | +2.45% | |
| Price / MA20: | +0.15% | |
| Price / MA50: | +15.60% | |
| Price / MA100: | +6.11% | |
| Price / MAexp7: | +0.90% | |
| Price / MAexp20: | +2.14% | |
| Price / MAexp50: | +3.87% | |
| Price / MAexp100: | +4.12% |
This member declared not having a position on this financial instrument or a related financial instrument.
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