ETHEREUM - ETH/USD
ETHEREUM - ETH/USD
- USD (-)
- Real time data - Cryptocompare
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Type: Cryptocurrencies
Ticker: ETHUSD
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ETHEREUM - ETH/USD - 1H - Technical analysis published on 07/21/2020 (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 240.05 USD
My targets
245.44 USD (+1.20%)
247.29 USD (+1.96%)
My analysis
The bullish trend is currently very strong on ETHEREUM - ETH/USD. As long as the price remains above the support at 240.05 USD, you could try to benefit from the boom. The first bullish objective is located at 245.44 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 247.29 USD as an objective. Crossing it would then enable buyers to target 285.66 USD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

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
0
10
8.9

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 Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

The ETHEREUM - ETH/USD price is 242.53 USD. The price has increased by +2.69% since the last closing with the lowest point at 235.78 USD and the highest point at 243.50 USD. The deviation from the price is +2.86% for the low point and -0.40% for the high point.

235.78
243.50
242.53

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.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



Here is a more detailed summary of the historical variations registered by ETHEREUM - ETH/USD:
The Central Records scanner, which identifies the highest / lowest, has detected an element:

Central Records

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


Technical analysis of ETHEREUM - ETH/USD in 1H shows a strongly overall bullish trend. 92.86% 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. There is no crossing of moving average by the price or crossing of moving averages between themselves.

In fact, according to the parameters integrated into the Central Analyzer system, 16 technical indicators out of 18 analysed are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

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

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Central Indicators

Pivot points : price is over resistance 2

Type : Neutral

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 these results:

Central Patterns

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour


Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour



The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 236.99 240.05 242.04 242.53 245.44 247.29 285.66
Change (%) -2.28% -1.02% -0.20% - +1.20% +1.96% +17.78%
Change -5.54 -2.48 -0.49 - +2.91 +4.76 +43.13
Level Major Intermediate Minor - Minor Intermediate Minor



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
Standard228.16231.26233.71236.81239.26242.36244.81
Camarilla234.64235.15235.66236.17236.68237.19237.70
Woodie227.85231.10233.40236.65238.95242.20244.50
Fibonacci231.26233.38234.69236.81238.93240.24242.36


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard213.39221.72228.78237.11244.17252.50259.56
Camarilla231.61233.02234.43235.84237.25238.66240.07
Woodie212.76221.40228.15236.79243.54252.18258.93
Fibonacci221.72227.60231.23237.11242.99246.62252.50


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard172.75194.38210.05231.68247.35268.98284.65
Camarilla215.47218.89222.31225.73229.15232.57235.99
Woodie169.78192.89207.08230.19244.38267.49281.68
Fibonacci194.38208.63217.43231.68245.93254.73268.98

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): 75.49
MACD (12,26,9): 1.3500
Directional Movement: 34.53
AROON (14): 78.57
DEMA (21): 240.67
Parabolic SAR (0,02-0,02-0,2): 237.70
Elder Ray (13): 3.01
Super Trend (3,10): 239.21
Zig ZAG (10): 242.54
VORTEX (21): 1.1900
Stochastique (14,3,5): 87.81
TEMA (21): 241.63
Williams %R (14): -8.81
Chande Momentum Oscillator (20): 6.58
Repulse (5,40,3): 0.4900
ROCnROLL: 1
TRIX (15,9): 0.0300
Courbe Coppock: 3.72
MA7: 236.96
MA20: 237.05
MA50: 235.96
MA100: 217.64
MAexp7: 241.19
MAexp20: 239.27
MAexp50: 237.82
MAexp100: 236.96
Price / MA7: +2.35%
Price / MA20: +2.31%
Price / MA50: +2.78%
Price / MA100: +11.44%
Price / MAexp7: +0.56%
Price / MAexp20: +1.36%
Price / MAexp50: +1.98%
Price / MAexp100: +2.35%

Quotes : 2020-07-21 11:41:11 - Real time data - Cryptocompare

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

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