ETHEREUM - ETH/USD - 1H - Technical analysis published on 06/08/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
22%
39%
39%
My opinion
Bullish above 239.36 USD
My targets
245.90 USD (+0.94%)
253.30 USD (+3.97%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on ETHEREUM - ETH/USD as long as the price remains well above 239.36 USD. The buyers” bullish objective is set at 245.90 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 253.30 USD. If there is any crossing, the next objective would be the resistance located at 285.66 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.
FORCE
0
10
5.2
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Additional analysis
Quotes
ETHEREUM - ETH/USD rating 243.62 USD. The price registered a decrease of -0.53% on the session and was between 242.77 USD and 245.62 USD. This implies that the price is at +0.35% from its lowest and at -0.81% from its highest.242.77
245.62
243.62
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of ETHEREUM - ETH/USD indicates that the overall trend is strongly bullish. The signals given by the moving averages are 89.29% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:
Moving Average bullish crossovers : AMA20 & AMA50
Type : Bullish
Timeframe : 1 hour
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Caution: the Central Indicators scanner currently detects an excess:
MACD indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is back under -50
Type : Bearish
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:
Near resistance of triangle
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
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 | 230.22 | 235.95 | 239.36 | 243.62 | 245.90 | 253.30 | 285.66 |
| Change (%) | -5.50% | -3.15% | -1.75% | - | +0.94% | +3.97% | +17.26% |
| Change | -13.40 | -7.67 | -4.26 | - | +2.28 | +9.68 | +42.04 |
| Level | Intermediate | Intermediate | Minor | - | Intermediate | 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 | 227.58 | 231.29 | 238.10 | 241.81 | 248.62 | 252.33 | 259.14 |
| Camarilla | 242.02 | 242.98 | 243.95 | 244.91 | 245.87 | 246.84 | 247.80 |
| Woodie | 229.13 | 232.07 | 239.65 | 242.59 | 250.17 | 253.11 | 260.69 |
| Fibonacci | 231.29 | 235.31 | 237.79 | 241.81 | 245.83 | 248.31 | 252.33 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 199.82 | 212.76 | 227.42 | 240.36 | 255.02 | 267.96 | 282.62 |
| Camarilla | 234.49 | 237.02 | 239.55 | 242.08 | 244.61 | 247.14 | 249.67 |
| Woodie | 200.68 | 213.19 | 228.28 | 240.79 | 255.88 | 268.39 | 283.48 |
| Fibonacci | 212.76 | 223.30 | 229.82 | 240.36 | 250.90 | 257.42 | 267.96 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 119.58 | 148.07 | 189.84 | 218.33 | 260.10 | 288.59 | 330.36 |
| Camarilla | 212.28 | 218.72 | 225.16 | 231.60 | 238.04 | 244.48 | 250.92 |
| Woodie | 126.21 | 151.39 | 196.47 | 221.65 | 266.73 | 291.91 | 336.99 |
| Fibonacci | 148.07 | 174.91 | 191.49 | 218.33 | 245.17 | 261.75 | 288.59 |
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): | 55.99 | |
| MACD (12,26,9): | 0.7800 | |
| Directional Movement: | -3.21 | |
| AROON (14): | -78.57 | |
| DEMA (21): | 244.03 | |
| Parabolic SAR (0,02-0,02-0,2): | 245.56 | |
| Elder Ray (13): | 0.05 | |
| Super Trend (3,10): | 240.26 | |
| Zig ZAG (10): | 243.62 | |
| VORTEX (21): | 1.2800 | |
| Stochastique (14,3,5): | 32.13 | |
| TEMA (21): | 244.43 | |
| Williams %R (14): | -70.18 | |
| Chande Momentum Oscillator (20): | -0.38 | |
| Repulse (5,40,3): | 0.0200 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0500 | |
| Courbe Coppock: | 1.66 |
| MA7: | 242.26 | |
| MA20: | 224.77 | |
| MA50: | 209.64 | |
| MA100: | 184.95 | |
| MAexp7: | 243.75 | |
| MAexp20: | 243.02 | |
| MAexp50: | 242.18 | |
| MAexp100: | 241.57 | |
| Price / MA7: | +0.56% | |
| Price / MA20: | +8.39% | |
| Price / MA50: | +16.21% | |
| Price / MA100: | +31.72% | |
| Price / MAexp7: | -0.05% | |
| Price / MAexp20: | +0.25% | |
| Price / MAexp50: | +0.59% | |
| Price / MAexp100: | +0.85% |
Quotes :
2020-06-08 12:09:52
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Real time data
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Cryptocompare
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