ETHEREUM - ETH/USD

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- Real time data - Cryptocompare

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Type:	Cryptocurrencies
Ticker:	ETHUSD
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ETHEREUM - ETH/USD - Weekly - Technical analysis published on 08/03/2020 (GMT)

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Londinia

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Timeframe : Weekly
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Court terme: Strongly bullish

De fond: Strongly bullish

Technical indicators

94%

My opinion

Bullish above 334.17 USD

My targets

499.06 USD (+27.42%)

516.58 USD (+31.90%)

My analysis

The bullish trend is currently very strong on ETHEREUM - ETH/USD. As long as the price remains above the support at 334.17 USD, you could try to benefit from the boom. The first bullish objective is located at 499.06 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 516.58 USD as an objective. Crossing it would then enable buyers to target 816.67 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.

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

8.8

Comment on the analysis

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 lokisynz1. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The ETHEREUM - ETH/USD price is 391.65 USD. The price registered an increase of +23.35% over 5 days and has been traded over the last 5 days between 315.10 USD and 393.61 USD. This implies that the 5 day price is +24.29% from its lowest point and -0.50% from its highest point.

315.10

393.61

391.65

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:

The Central Records scanner for higher/lower results shows the following items:

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

A technical analysis in Weekly of this ETHEREUM - ETH/USD chart shows a strongly bullish trend. 89.29% 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. An assessment of moving averages reveals a bullish signal that could impact this trend:

Moving Average bullish crossovers : AMA20 & AMA50

Type : Bullish

Timeframe : Weekly

In fact, 17 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 : Weekly

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Weekly

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Weekly

Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:

Near horizontal support

Type : Bullish

Timeframe : Weekly

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S2	S1	Price	R1	R2	R3
ProTrendLines	112.89	334.17	391.65	499.06	816.67	1,385.02
Change (%)	-71.18%	-14.68%	-	+27.42%	+108.52%	+253.64%
Change	-278.76	-57.48	-	+107.41	+425.02	+993.37
Level	Major	Intermediate	-	Minor	Minor	Major

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	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 is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators

Moving averages

RSI (14):	77.56
MACD (12,26,9):	39.0600
Directional Movement:	32.45
AROON (14):	85.71
DEMA (21):	296.13
Parabolic SAR (0,02-0,02-0,2):	135.89
Elder Ray (13):	97.12
Super Trend (3,10):	237.28
Zig ZAG (10):	395.56
VORTEX (21):	1.3000
Stochastique (14,3,5):	95.48
TEMA (21):	327.85
Williams %R (14):	-8.27
Chande Momentum Oscillator (20):	194.74
Repulse (5,40,3):	41.5200
ROCnROLL:	1
TRIX (15,9):	1.5400
Courbe Coppock:	125.39

MA7:	353.05
MA20:	294.60
MA50:	258.05
MA100:	237.26
MAexp7:	311.23
MAexp20:	252.22
MAexp50:	221.98
MAexp100:	227.95
Price / MA7:	+10.93%
Price / MA20:	+32.94%
Price / MA50:	+51.77%
Price / MA100:	+65.07%
Price / MAexp7:	+25.84%
Price / MAexp20:	+55.28%
Price / MAexp50:	+76.43%
Price / MAexp100:	+71.81%

Quotes : 2020-08-03 19:46:36 - Real time data - Cryptocompare

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

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