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 - Daily - Technical analysis published on 08/04/2020 (GMT)

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  • Timeframe : Daily
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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 (+10.05%)
499.06 USD (+26.78%)
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 695.08 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, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8.8

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:
15 min. 1H Weekly

Additional analysis

Quotes

The ETHEREUM - ETH/USD price is 393.63 USD. On the day, this instrument gained +1.82% and was between 386.33 USD and 402.50 USD. This implies that the price is at +1.89% from its lowest and at -2.20% from its highest.

386.33
402.50
393.63

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



A study of price movements over other periods shows the following variations:
The Central Records scanner for higher/lower results shows the following items:

Central Records

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. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

In fact, according to the parameters integrated into the Central Analyzer system, 15 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

RSI indicator is overbought : over 80

Type : Neutral

Timeframe : Daily


CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

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

Central Indicators

Price is back over the pivot point

Type : Bullish

Timeframe : Daily


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.

For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:

Central Candlesticks

Bullish harami

Type : Bullish

Timeframe : Daily




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 247.29 285.66 334.17 393.63 499.06 695.08 816.67
Change (%) -37.18% -27.43% -15.11% - +26.78% +76.58% +107.47%
Change -146.34 -107.97 -59.46 - +105.43 +301.45 +423.04
Level Major Minor Major - Minor Minor Minor



Attention could also be paid to pivot points to set price objectives:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard339.43353.46370.02384.05400.61414.64431.20
Camarilla378.17380.97383.78386.58389.38392.19394.99
Woodie340.70354.09371.29384.68401.88415.27432.47
Fibonacci353.46365.15372.37384.05395.74402.96414.64


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard235.27268.09327.97360.79420.67453.49513.37
Camarilla362.36370.86379.35387.85396.35404.85413.34
Woodie248.80274.86341.50367.56434.20460.26526.90
Fibonacci268.09303.50325.38360.79396.20418.08453.49


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard136.75179.96263.36306.57389.97433.18516.58
Camarilla311.95323.56335.16346.77358.38369.98381.59
Woodie156.86190.01283.47316.62410.08443.23536.69
Fibonacci179.96228.32258.20306.57354.93384.81433.18

Numerical data


The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators
Moving averages

RSI (14): 83.57
MACD (12,26,9): 37.9100
Directional Movement: 37.39
AROON (14): 85.71
DEMA (21): 364.20
Parabolic SAR (0,02-0,02-0,2): 330.08
Elder Ray (13): 53.84
Super Trend (3,10): 317.55
Zig ZAG (10): 398.11
VORTEX (21): 1.3400
Stochastique (14,3,5): 83.44
TEMA (21): 388.13
Williams %R (14): -10.70
Chande Momentum Oscillator (20): 120.61
Repulse (5,40,3): 9.5300
ROCnROLL: 1
TRIX (15,9): 1.5400
Courbe Coppock: 95.65
MA7: 363.03
MA20: 302.35
MA50: 261.31
MA100: 239.21
MAexp7: 365.67
MAexp20: 319.41
MAexp50: 276.64
MAexp100: 247.27
Price / MA7: +8.43%
Price / MA20: +30.19%
Price / MA50: +50.64%
Price / MA100: +64.55%
Price / MAexp7: +7.65%
Price / MAexp20: +23.24%
Price / MAexp50: +42.29%
Price / MAexp100: +59.19%

Quotes : 2020-08-04 03:24:49 - Real time data - Cryptocompare

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

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