ETHEREUM - ETH/USD - Daily - Technical analysis published on 06/20/2020 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Neutral
De fond:
Bullish
Technical indicators
11%
44%
44%
My opinion
Bullish above 215.51 USD
My targets
247.45 USD (+8.93%)
285.66 USD (+25.75%)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on ETHEREUM - ETH/USD. As long as you are above the support located at 215.51 USD, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 247.45 USD would be a signal that the basic trade will reverse and the short-term trend could then quickly become bullish. Buyers would then use the next resistance located at 285.66 USD as an objective. Crossing it would then enable buyers to target 334.69 USD. If the support 215.51 USD were to be broken, this would simply be a sign of a possible continuation of short-term consolidation and trading against the trend would then perhaps be more risky.
Technical indicators are opposing the general bullish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.
Force
0
10
1.4
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This analysis was given by AKOUSA. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The ETHEREUM - ETH/USD rating is 227.17 USD. The price registered a decrease of -0.57% on the session and was traded between 225.97 USD and 230.66 USD over the period. The price is currently at +0.53% from its lowest and -1.51% from its highest.225.97
230.66
227.17
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
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
Technical analysis of ETHEREUM - ETH/USD in Daily shows an overall bullish trend. 71.43% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by the short-term moving averages indicate that this bullish trend is showing signs of running out of steam. An assessment of moving averages reveals a bearish signal that could impact this trend:
Bearish trend reversal : Moving Average 20
Type : Bearish
Timeframe : Daily
In fact, only 8 technical indicators out of 18 studied are currently positioned bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
RSI indicator is back under 50
Type : Bearish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
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:
Support of channel is broken
Type : Bearish
Timeframe : Daily
Support of triangle is broken
Type : Bearish
Timeframe : Daily
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 | 151.94 | 173.65 | 215.51 | 227.17 | 231.90 | 247.45 | 285.66 |
| Change (%) | -33.12% | -23.56% | -5.13% | - | +2.08% | +8.93% | +25.75% |
| Change | -75.23 | -53.52 | -11.66 | - | +4.73 | +20.28 | +58.49 |
| Level | Minor | Minor | Major | - | Intermediate | Major | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 220.65 | 223.57 | 226.03 | 228.95 | 231.41 | 234.33 | 236.79 |
| Camarilla | 227.00 | 227.49 | 227.99 | 228.48 | 228.97 | 229.47 | 229.96 |
| Woodie | 220.41 | 223.46 | 225.79 | 228.84 | 231.17 | 234.22 | 236.55 |
| Fibonacci | 223.57 | 225.63 | 226.90 | 228.95 | 231.01 | 232.28 | 234.33 |
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): | 47.64 | |
| MACD (12,26,9): | 2.8200 | |
| Directional Movement: | -9.01 | |
| AROON (14): | -35.72 | |
| DEMA (21): | 237.47 | |
| Parabolic SAR (0,02-0,02-0,2): | 245.10 | |
| Elder Ray (13): | -4.54 | |
| Super Trend (3,10): | 212.31 | |
| Zig ZAG (10): | 226.59 | |
| VORTEX (21): | 1.0300 | |
| Stochastique (14,3,5): | 33.06 | |
| TEMA (21): | 232.65 | |
| Williams %R (14): | -73.92 | |
| Chande Momentum Oscillator (20): | -19.95 | |
| Repulse (5,40,3): | -1.9900 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.3900 | |
| Courbe Coppock: | 8.66 |
| MA7: | 231.18 | |
| MA20: | 238.11 | |
| MA50: | 219.66 | |
| MA100: | 187.98 | |
| MAexp7: | 231.31 | |
| MAexp20: | 231.93 | |
| MAexp50: | 220.08 | |
| MAexp100: | 206.18 | |
| Price / MA7: | -1.73% | |
| Price / MA20: | -4.59% | |
| Price / MA50: | +3.42% | |
| Price / MA100: | +20.85% | |
| Price / MAexp7: | -1.79% | |
| Price / MAexp20: | -2.05% | |
| Price / MAexp50: | +3.22% | |
| Price / MAexp100: | +10.18% |
Quotes :
2020-06-20 16:21:45
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Real time data
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Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
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