ETHEREUM - ETH/USD - 1H - Technical analysis published on 07/13/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
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Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
78%
0%
22%
My opinion
Bullish above 240.64 USD
My targets
247.42 USD (+1.34%)
262.49 USD (+7.51%)
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 240.64 USD. The next resistance located at 247.42 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 262.49 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, 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
7.5
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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
The ETHEREUM - ETH/USD rating is 244.15 USD. The price has increased by +0.49% since the last closing and was between 241.47 USD and 245.44 USD. This implies that the price is at +1.11% from its lowest and at -0.53% from its highest.241.47
245.44
244.15
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
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. 82.14% of the signals given by moving averages are bullish. This strongly 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:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
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
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 236.69 | 240.64 | 243.67 | 244.15 | 247.42 | 285.66 | 334.17 |
| Change (%) | -3.06% | -1.44% | -0.20% | - | +1.34% | +17.00% | +36.87% |
| Change | -7.46 | -3.51 | -0.48 | - | +3.27 | +41.51 | +90.02 |
| Level | Intermediate | Intermediate | Intermediate | - | Major | Minor | Intermediate |
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 | 231.60 | 234.25 | 238.60 | 241.25 | 245.60 | 248.25 | 252.60 |
| Camarilla | 241.04 | 241.68 | 242.32 | 242.96 | 243.60 | 244.24 | 244.89 |
| Woodie | 232.46 | 234.68 | 239.46 | 241.68 | 246.46 | 248.68 | 253.46 |
| Fibonacci | 234.25 | 236.92 | 238.57 | 241.25 | 243.92 | 245.57 | 248.25 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 199.96 | 211.71 | 225.35 | 237.10 | 250.74 | 262.49 | 276.13 |
| Camarilla | 232.01 | 234.34 | 236.66 | 238.99 | 241.32 | 243.65 | 245.97 |
| Woodie | 200.91 | 212.18 | 226.30 | 237.57 | 251.69 | 262.96 | 277.08 |
| Fibonacci | 211.71 | 221.41 | 227.40 | 237.10 | 246.80 | 252.79 | 262.49 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 172.75 | 194.38 | 210.05 | 231.68 | 247.35 | 268.98 | 284.65 |
| Camarilla | 215.47 | 218.89 | 222.31 | 225.73 | 229.15 | 232.57 | 235.99 |
| Woodie | 169.78 | 192.89 | 207.08 | 230.19 | 244.38 | 267.49 | 281.68 |
| Fibonacci | 194.38 | 208.63 | 217.43 | 231.68 | 245.93 | 254.73 | 268.98 |
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): | 66.21 | |
| MACD (12,26,9): | 1.2000 | |
| Directional Movement: | 22.70 | |
| AROON (14): | 85.72 | |
| DEMA (21): | 243.96 | |
| Parabolic SAR (0,02-0,02-0,2): | 241.66 | |
| Elder Ray (13): | 1.22 | |
| Super Trend (3,10): | 240.71 | |
| Zig ZAG (10): | 244.32 | |
| VORTEX (21): | 1.2300 | |
| Stochastique (14,3,5): | 78.63 | |
| TEMA (21): | 244.90 | |
| Williams %R (14): | -25.06 | |
| Chande Momentum Oscillator (20): | 2.51 | |
| Repulse (5,40,3): | 0.3200 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0600 | |
| Courbe Coppock: | 2.36 |
| MA7: | 242.27 | |
| MA20: | 233.63 | |
| MA50: | 233.61 | |
| MA100: | 211.67 | |
| MAexp7: | 243.96 | |
| MAexp20: | 242.71 | |
| MAexp50: | 241.38 | |
| MAexp100: | 240.56 | |
| Price / MA7: | +0.78% | |
| Price / MA20: | +4.50% | |
| Price / MA50: | +4.51% | |
| Price / MA100: | +15.34% | |
| Price / MAexp7: | +0.08% | |
| Price / MAexp20: | +0.59% | |
| Price / MAexp50: | +1.15% | |
| Price / MAexp100: | +1.49% |
Quotes :
2020-07-13 14:03:06
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Real time data
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Cryptocompare
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