ETHEREUM - ETH/USD - Daily - Technical analysis published on 08/03/2020 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 389.97 USD
My targets
433.18 USD (+10.04%)
499.06 USD (+26.77%)
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 389.97 USD. The next resistance located at 433.18 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 499.06 USD. After this resistance, buyers could then target 816.67 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
8.8
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This analysis was given by lokisynz1. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The ETHEREUM - ETH/USD price is 393.66 USD. The price has increased by +5.80% since the last closing and was traded between 367.49 USD and 398.08 USD over the period. The price is currently at +7.12% from its lowest and -1.11% from its highest.367.49
398.08
393.66
The Central Gaps scanner detects a bullish opening. A small advantage for buyers 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:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of ETHEREUM - ETH/USD in Daily 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.
An assessment of technical indicators shows a strong bullish signal.
Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is overbought : over 80
Type : Neutral
Timeframe : Daily
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Previous candle closed over Bollinger bands
Type : Neutral
Timeframe : Daily
CCI indicator: bearish divergence
Type : Bearish
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:
Bearish harami
Type : Bearish
Timeframe : Daily
Long black line
Type : Bearish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 247.29 | 285.66 | 334.17 | 393.66 | 499.06 | 816.67 | 1,385.02 |
| Change (%) | -37.18% | -27.43% | -15.11% | - | +26.77% | +107.46% | +251.83% |
| Change | -146.37 | -108.00 | -59.49 | - | +105.40 | +423.01 | +991.36 |
| Level | Major | 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 | 244.85 | 287.46 | 329.77 | 372.38 | 414.69 | 457.30 | 499.61 |
| Camarilla | 348.72 | 356.50 | 364.29 | 372.07 | 379.85 | 387.64 | 395.42 |
| Woodie | 244.69 | 287.39 | 329.61 | 372.31 | 414.53 | 457.23 | 499.45 |
| Fibonacci | 287.46 | 319.90 | 339.94 | 372.38 | 404.82 | 424.86 | 457.30 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 235.27 | 268.09 | 327.97 | 360.79 | 420.67 | 453.49 | 513.37 |
| Camarilla | 362.36 | 370.86 | 379.35 | 387.85 | 396.35 | 404.85 | 413.34 |
| Woodie | 248.80 | 274.86 | 341.50 | 367.56 | 434.20 | 460.26 | 526.90 |
| Fibonacci | 268.09 | 303.50 | 325.38 | 360.79 | 396.20 | 418.08 | 453.49 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 136.75 | 179.96 | 263.36 | 306.57 | 389.97 | 433.18 | 516.58 |
| Camarilla | 311.95 | 323.56 | 335.16 | 346.77 | 358.38 | 369.98 | 381.59 |
| Woodie | 156.86 | 190.01 | 283.47 | 316.62 | 410.08 | 443.23 | 536.69 |
| Fibonacci | 179.96 | 228.32 | 258.20 | 306.57 | 354.93 | 384.81 | 433.18 |
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): | 83.25 | |
| MACD (12,26,9): | 36.1900 | |
| Directional Movement: | 37.94 | |
| AROON (14): | 92.86 | |
| DEMA (21): | 354.05 | |
| Parabolic SAR (0,02-0,02-0,2): | 330.08 | |
| Elder Ray (13): | 50.60 | |
| Super Trend (3,10): | 309.66 | |
| Zig ZAG (10): | 395.26 | |
| VORTEX (21): | 1.3000 | |
| Stochastique (14,3,5): | 87.16 | |
| TEMA (21): | 377.92 | |
| Williams %R (14): | -11.00 | |
| Chande Momentum Oscillator (20): | 130.57 | |
| Repulse (5,40,3): | 15.3000 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 1.4200 | |
| Courbe Coppock: | 93.26 |
| MA7: | 353.15 | |
| MA20: | 294.74 | |
| MA50: | 258.13 | |
| MA100: | 237.29 | |
| MAexp7: | 357.97 | |
| MAexp20: | 311.94 | |
| MAexp50: | 272.02 | |
| MAexp100: | 244.48 | |
| Price / MA7: | +11.47% | |
| Price / MA20: | +33.56% | |
| Price / MA50: | +52.50% | |
| Price / MA100: | +65.90% | |
| Price / MAexp7: | +9.97% | |
| Price / MAexp20: | +26.20% | |
| Price / MAexp50: | +44.72% | |
| Price / MAexp100: | +61.02% |
Quotes :
2020-08-03 18:18:33
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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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