ETHEREUM - ETH/USD - 1H - Technical analysis published on 09/01/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
78%
6%
17%
My opinion
Bullish above 455.10 USD
My targets
476.75 USD (+0.74%)
499.06 USD (+5.45%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on ETHEREUM - ETH/USD as long as the price remains well above 455.10 USD. The buyers” bullish objective is set at 476.75 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 499.06 USD. If there is any crossing, the next objective would be the resistance located at 695.08 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
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
8.4
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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 473.26 USD. On the day, this instrument gained +9.03% and was traded between 429.58 USD and 473.55 USD over the period. The price is currently at +10.17% from its lowest and -0.06% from its highest.429.58
473.55
473.26
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by ETHEREUM - ETH/USD:
New HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of ETHEREUM - ETH/USD indicates that the overall trend is strongly bullish. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is overbought : over 80
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 3
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Horizontal resistance is broken
Type : Bullish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 418.42 | 430.07 | 438.28 | 473.26 | 499.06 | 695.08 | 816.67 |
| Change (%) | -11.59% | -9.13% | -7.39% | - | +5.45% | +46.87% | +72.56% |
| Change | -54.84 | -43.19 | -34.98 | - | +25.80 | +221.82 | +343.41 |
| Level | Intermediate | Minor | Major | - | Minor | Minor | Intermediate |
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 | 401.51 | 409.96 | 422.08 | 430.53 | 442.65 | 451.10 | 463.22 |
| Camarilla | 428.53 | 430.42 | 432.30 | 434.19 | 436.08 | 437.96 | 439.85 |
| Woodie | 403.34 | 410.88 | 423.91 | 431.45 | 444.48 | 452.02 | 465.05 |
| Fibonacci | 409.96 | 417.82 | 422.68 | 430.53 | 438.39 | 443.25 | 451.10 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 336.87 | 353.95 | 376.28 | 393.36 | 415.69 | 432.77 | 455.10 |
| Camarilla | 387.78 | 391.40 | 395.01 | 398.62 | 402.23 | 405.85 | 409.46 |
| Woodie | 339.51 | 355.26 | 378.92 | 394.67 | 418.33 | 434.08 | 457.74 |
| Fibonacci | 353.95 | 369.00 | 378.30 | 393.36 | 408.41 | 417.71 | 432.77 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 244.95 | 287.52 | 360.85 | 403.42 | 476.75 | 519.32 | 592.65 |
| Camarilla | 402.32 | 412.94 | 423.57 | 434.19 | 444.81 | 455.44 | 466.06 |
| Woodie | 260.34 | 295.21 | 376.24 | 411.11 | 492.14 | 527.01 | 608.04 |
| Fibonacci | 287.52 | 331.79 | 359.14 | 403.42 | 447.69 | 475.04 | 519.32 |
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): | 79.81 | |
| MACD (12,26,9): | 10.4600 | |
| Directional Movement: | 35.45 | |
| AROON (14): | 71.43 | |
| DEMA (21): | 460.62 | |
| Parabolic SAR (0,02-0,02-0,2): | 442.79 | |
| Elder Ray (13): | 16.12 | |
| Super Trend (3,10): | 451.36 | |
| Zig ZAG (10): | 468.66 | |
| VORTEX (21): | 1.3200 | |
| Stochastique (14,3,5): | 93.04 | |
| TEMA (21): | 465.64 | |
| Williams %R (14): | -7.07 | |
| Chande Momentum Oscillator (20): | 34.70 | |
| Repulse (5,40,3): | 2.1300 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.2400 | |
| Courbe Coppock: | 12.36 |
| MA7: | 413.57 | |
| MA20: | 413.43 | |
| MA50: | 358.21 | |
| MA100: | 295.87 | |
| MAexp7: | 461.41 | |
| MAexp20: | 448.35 | |
| MAexp50: | 434.01 | |
| MAexp100: | 420.95 | |
| Price / MA7: | +14.43% | |
| Price / MA20: | +14.47% | |
| Price / MA50: | +32.12% | |
| Price / MA100: | +59.96% | |
| Price / MAexp7: | +2.57% | |
| Price / MAexp20: | +5.56% | |
| Price / MAexp50: | +9.04% | |
| Price / MAexp100: | +12.43% |
Quotes :
2020-09-01 10:55:22
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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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