ETHEREUM - ETH/USD - 1H - Technical analysis published on 06/22/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
89%
0%
11%
My opinion
Bullish above 231.90 USD
My targets
238.66 USD (+1.62%)
247.45 USD (+5.37%)
My analysis
ETHEREUM - ETH/USD is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 231.90 USD. The next resistance located at 238.66 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 247.45 USD. After this resistance, buyers could then target 285.66 USD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8.6
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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 234.85 USD. The price registered an increase of +3.14% on the session and was traded between 227.39 USD and 235.58 USD over the period. The price is currently at +3.28% from its lowest and -0.31% from its highest.227.39
235.58
234.85
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 1H chart of ETHEREUM - ETH/USD indicates that the overall trend is strongly bullish. 89.29% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, 16 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
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
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:
White morning star
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 226.50 | 228.13 | 231.90 | 234.85 | 236.00 | 238.66 | 247.45 |
| Change (%) | -3.56% | -2.86% | -1.26% | - | +0.49% | +1.62% | +5.37% |
| Change | -8.35 | -6.72 | -2.95 | - | +1.15 | +3.81 | +12.60 |
| Level | Intermediate | Intermediate | Intermediate | - | Minor | Minor | Major |
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 | 222.07 | 224.56 | 226.14 | 228.63 | 230.21 | 232.70 | 234.28 |
| Camarilla | 226.59 | 226.96 | 227.34 | 227.71 | 228.08 | 228.46 | 228.83 |
| Woodie | 221.61 | 224.33 | 225.68 | 228.40 | 229.75 | 232.47 | 233.82 |
| Fibonacci | 224.56 | 226.12 | 227.08 | 228.63 | 230.19 | 231.15 | 232.70 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 198.55 | 208.38 | 218.59 | 228.42 | 238.63 | 248.46 | 258.67 |
| Camarilla | 223.28 | 225.12 | 226.95 | 228.79 | 230.63 | 232.46 | 234.30 |
| Woodie | 198.73 | 208.48 | 218.77 | 228.52 | 238.81 | 248.56 | 258.85 |
| Fibonacci | 208.38 | 216.04 | 220.77 | 228.42 | 236.08 | 240.81 | 248.46 |
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): | 71.15 | |
| MACD (12,26,9): | 1.4700 | |
| Directional Movement: | 29.50 | |
| AROON (14): | 57.14 | |
| DEMA (21): | 233.59 | |
| Parabolic SAR (0,02-0,02-0,2): | 230.39 | |
| Elder Ray (13): | 2.26 | |
| Super Trend (3,10): | 231.54 | |
| Zig ZAG (10): | 235.25 | |
| VORTEX (21): | 1.2000 | |
| Stochastique (14,3,5): | 90.18 | |
| TEMA (21): | 234.73 | |
| Williams %R (14): | -4.93 | |
| Chande Momentum Oscillator (20): | 5.74 | |
| Repulse (5,40,3): | 0.4500 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0600 | |
| Courbe Coppock: | 4.03 |
| MA7: | 231.46 | |
| MA20: | 237.09 | |
| MA50: | 220.48 | |
| MA100: | 190.05 | |
| MAexp7: | 233.93 | |
| MAexp20: | 231.96 | |
| MAexp50: | 230.60 | |
| MAexp100: | 230.43 | |
| Price / MA7: | +1.46% | |
| Price / MA20: | -0.94% | |
| Price / MA50: | +6.52% | |
| Price / MA100: | +23.57% | |
| Price / MAexp7: | +0.39% | |
| Price / MAexp20: | +1.25% | |
| Price / MAexp50: | +1.84% | |
| Price / MAexp100: | +1.92% |
Quotes :
2020-06-22 08:39:08
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Real time data
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