ETHEREUM - ETH/USD - 1H - Technical analysis published on 06/17/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Court terme:
Bullish
De fond:
Bullish
Technical indicators
56%
11%
33%
My opinion
Bullish above 231.90 USD
My targets
236.00 USD (+0.79%)
241.41 USD (+3.10%)
My analysis
A bullish trend on ETHEREUM - ETH/USD both in substance and in the short term. A purchase could be considered as long as the price remains above 231.90 USD. Each resistance break is a strong signal that the current trend will continue. The first bullish objective would be 236.00 USD. Then the price could move towards 241.41 USD. Then 247.42 USD by extension. Be careful, a return below 231.90 USD would be a sign of the trend weakening and a possible correction phase could then occur. In this case, you could keep away while waiting for a signal that the basic trend will resume. Trading against the trend could be riskier.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
5
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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
ETHEREUM - ETH/USD rating 234.16 USD. The price registered a decrease of -0.43% on the session with the lowest point at 231.81 USD and the highest point at 235.67 USD. The deviation from the price is +1.01% for the low point and -0.64% for the high point.231.81
235.67
234.16
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:
Technical
A technical analysis in 1H of this ETHEREUM - ETH/USD chart shows a bullish trend. 71.43% of the signals given by moving averages are bullish. The overall trend seems to be showing some signs of weakness, as do the tentative bullish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
The probability of a further increase are moderate given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Parabolic SAR indicator bullish reversal
Type : Bullish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Horizontal support is broken
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 218.22 | 226.00 | 231.90 | 234.16 | 236.00 | 241.41 | 247.42 |
| Change (%) | -6.81% | -3.48% | -0.97% | - | +0.79% | +3.10% | +5.66% |
| Change | -15.94 | -8.16 | -2.26 | - | +1.84 | +7.25 | +13.26 |
| Level | Intermediate | Intermediate | Intermediate | - | Intermediate | Minor | Major |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 223.39 | 226.08 | 230.63 | 233.32 | 237.87 | 240.56 | 245.11 |
| Camarilla | 233.18 | 233.84 | 234.51 | 235.17 | 235.83 | 236.50 | 237.16 |
| Woodie | 224.31 | 226.55 | 231.55 | 233.79 | 238.79 | 241.03 | 246.03 |
| Fibonacci | 226.08 | 228.85 | 230.56 | 233.32 | 236.09 | 237.80 | 240.56 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 201.59 | 213.79 | 225.87 | 238.07 | 250.15 | 262.35 | 274.43 |
| Camarilla | 231.26 | 233.49 | 235.71 | 237.94 | 240.17 | 242.39 | 244.62 |
| Woodie | 201.52 | 213.76 | 225.80 | 238.04 | 250.08 | 262.32 | 274.36 |
| Fibonacci | 213.79 | 223.07 | 228.80 | 238.07 | 247.35 | 253.08 | 262.35 |
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): | 56.39 | |
| MACD (12,26,9): | 0.4200 | |
| Directional Movement: | 4.16 | |
| AROON (14): | -21.43 | |
| DEMA (21): | 234.32 | |
| Parabolic SAR (0,02-0,02-0,2): | 231.87 | |
| Elder Ray (13): | 0.86 | |
| Super Trend (3,10): | 231.46 | |
| Zig ZAG (10): | 234.36 | |
| VORTEX (21): | 1.0100 | |
| Stochastique (14,3,5): | 67.79 | |
| TEMA (21): | 234.07 | |
| Williams %R (14): | -34.46 | |
| Chande Momentum Oscillator (20): | -0.39 | |
| Repulse (5,40,3): | 0.2100 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0400 | |
| Courbe Coppock: | 0.15 |
| MA7: | 234.03 | |
| MA20: | 238.62 | |
| MA50: | 218.62 | |
| MA100: | 186.16 | |
| MAexp7: | 233.96 | |
| MAexp20: | 233.65 | |
| MAexp50: | 232.86 | |
| MAexp100: | 233.41 | |
| Price / MA7: | +0.06% | |
| Price / MA20: | -1.87% | |
| Price / MA50: | +7.11% | |
| Price / MA100: | +25.78% | |
| Price / MAexp7: | +0.09% | |
| Price / MAexp20: | +0.22% | |
| Price / MAexp50: | +0.56% | |
| Price / MAexp100: | +0.32% |
Quotes :
2020-06-17 08:39:36
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Real time data
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Cryptocompare
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