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
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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 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.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by ETHEREUM - ETH/USD:
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:
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 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:
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
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
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 |
---|---|---|---|---|---|---|---|
Standard | 228.16 | 231.26 | 233.71 | 236.81 | 239.26 | 242.36 | 244.81 |
Camarilla | 234.64 | 235.15 | 235.66 | 236.17 | 236.68 | 237.19 | 237.70 |
Woodie | 227.85 | 231.10 | 233.40 | 236.65 | 238.95 | 242.20 | 244.50 |
Fibonacci | 231.26 | 233.38 | 234.69 | 236.81 | 238.93 | 240.24 | 242.36 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 213.39 | 221.72 | 228.78 | 237.11 | 244.17 | 252.50 | 259.56 |
Camarilla | 231.61 | 233.02 | 234.43 | 235.84 | 237.25 | 238.66 | 240.07 |
Woodie | 212.76 | 221.40 | 228.15 | 236.79 | 243.54 | 252.18 | 258.93 |
Fibonacci | 221.72 | 227.60 | 231.23 | 237.11 | 242.99 | 246.62 | 252.50 |
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): | 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
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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.
About author
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