ETHEREUM - ETH/USD

- USD (-)

- Real time data - Cryptocompare

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Type:	Cryptocurrencies
Ticker:	ETHUSD
ISIN:

ETHEREUM - ETH/USD - Weekly - Technical analysis published on 06/18/2020 (GMT)

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Londinia

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Timeframe : Weekly
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Court terme: Strongly bullish

De fond: Bullish

Technical indicators

78%

17%

My opinion

Bullish above 189.84 USD

My targets

288.59 USD (+23.63%)

334.69 USD (+43.37%)

My analysis

In the short term, there could be an acceleration of the basic bullish trend on ETHEREUM - ETH/USD. This is a positive signal for buyers. As long as the price remains above 189.84 USD, a purchase could be considered. The first bullish objective is located at 288.59 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 334.69 USD as an objective. Crossing it would then enable buyers to target 499.06 USD. In the event of a return below 189.84 USD, the price would probably only initiate a small short-term correction to improve the bullish trend. Trading this correction may be risky.

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

5.5

Comment on the analysis

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 AKOUSA. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

ETHEREUM - ETH/USD rating 233.44 USD. The price is up +1.34% over 5 days with the lowest point at 218.22 USD and the highest point at 238.66 USD. The deviation from the price is +6.97% for the low point and -2.19% for the high point.

218.22

238.66

233.44

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

Here is a more detailed summary of the historical variations registered by ETHEREUM - ETH/USD:

Technical

Technical analysis of this Weekly chart of ETHEREUM - ETH/USD indicates that the overall trend is bullish. 64.29% of the signals given by moving averages are bullish. This bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

An assessment of technical indicators shows a strong bullish signal.
Caution: the Central Indicators scanner currently detects an excess:

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Weekly

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Aroon indicator bullish trend

Type : Bullish

Timeframe : Weekly

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly

The analysis of the price chart with Central Patterns scanners does not return any result.

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S1	Price	R1	R2	R3
ProTrendLines	112.89	233.44	334.69	499.06	816.67
Change (%)	-51.64%	-	+43.37%	+113.79%	+249.84%
Change	-120.55	-	+101.25	+265.62	+583.23
Level	Major	-	Intermediate	Minor	Minor

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
Standard	219.72	223.89	228.75	232.92	237.78	241.95	246.81
Camarilla	231.13	231.95	232.78	233.61	234.44	235.27	236.09
Woodie	220.07	224.06	229.10	233.09	238.13	242.12	247.16
Fibonacci	223.89	227.34	229.47	232.92	236.37	238.50	241.95

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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	58.02
MACD (12,26,9):	14.1600
Directional Movement:	6.79
AROON (14):	85.71
DEMA (21):	219.17
Parabolic SAR (0,02-0,02-0,2):	96.45
Elder Ray (13):	15.84
Super Trend (3,10):	268.74
Zig ZAG (10):	233.33
VORTEX (21):	1.0700
Stochastique (14,3,5):	90.23
TEMA (21):	233.59
Williams %R (14):	-12.75
Chande Momentum Oscillator (20):	102.52
Repulse (5,40,3):	10.8100
ROCnROLL:	1
TRIX (15,9):	0.5900
Courbe Coppock:	62.03

MA7:	234.35
MA20:	239.20
MA50:	218.96
MA100:	186.48
MAexp7:	224.98
MAexp20:	203.95
MAexp50:	199.41
MAexp100:	218.76
Price / MA7:	-0.39%
Price / MA20:	-2.41%
Price / MA50:	+6.61%
Price / MA100:	+25.18%
Price / MAexp7:	+3.76%
Price / MAexp20:	+14.46%
Price / MAexp50:	+17.07%
Price / MAexp100:	+6.71%

Quotes : 2020-06-18 00:46:35 - Real time data - Cryptocompare

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

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