ETHEREUM - ETH/USD - Daily - Technical analysis published on 09/03/2020 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Court terme:
Neutral
De fond:
Bullish
Technical indicators
28%
28%
44%
My opinion
Bullish above 381.05 USD
My targets
438.28 USD (+9.46%)
499.06 USD (+24.64%)
My analysis
Has the basic bullish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bullish movement or a correction. Sellers” generally have the upper hand, even if a small correction (not tradeable) on the support located at 381.05 USD remains possible. It is advisable to trade ETHEREUM - ETH/USD with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 381.05 USD. The next bullish objective for buyers is set at 438.28 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. PS: if there is a bearish break in the support located at 381.05 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.
Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.
Force
0
10
2.5
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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 400.40 USD. The price registered a decrease of -8.85% on the session and was between 392.00 USD and 450.17 USD. This implies that the price is at +2.14% from its lowest and at -11.06% from its highest.392.00
450.17
400.40
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
A technical analysis in Daily of this ETHEREUM - ETH/USD chart shows a bullish trend. 71.43% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by the short-term moving averages indicate that this bullish trend is showing signs of running out of steam. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Previous candle closed over Bollinger bands
Type : Neutral
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 1
Type : Neutral
Timeframe : Daily
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Resistance of channel is broken
Type : Bullish
Timeframe : Daily
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 | 246.65 | 334.17 | 381.05 | 400.40 | 438.28 | 499.06 | 695.08 |
| Change (%) | -38.40% | -16.54% | -4.83% | - | +9.46% | +24.64% | +73.60% |
| Change | -153.75 | -66.23 | -19.35 | - | +37.88 | +98.66 | +294.68 |
| Level | Major | Intermediate | Major | - | Intermediate | Minor | 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 | 355.06 | 388.55 | 413.90 | 447.39 | 472.74 | 506.23 | 531.58 |
| Camarilla | 423.07 | 428.46 | 433.86 | 439.25 | 444.64 | 450.04 | 455.43 |
| Woodie | 350.99 | 386.52 | 409.83 | 445.36 | 468.67 | 504.20 | 527.51 |
| Fibonacci | 388.55 | 411.03 | 424.91 | 447.39 | 469.87 | 483.75 | 506.23 |
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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 49.09 | |
| MACD (12,26,9): | 15.0400 | |
| Directional Movement: | 7.51 | |
| AROON (14): | 50.00 | |
| DEMA (21): | 430.95 | |
| Parabolic SAR (0,02-0,02-0,2): | 388.10 | |
| Elder Ray (13): | 4.86 | |
| Super Trend (3,10): | 379.53 | |
| Zig ZAG (10): | 405.42 | |
| VORTEX (21): | 1.0300 | |
| Stochastique (14,3,5): | 58.91 | |
| TEMA (21): | 426.68 | |
| Williams %R (14): | -68.81 | |
| Chande Momentum Oscillator (20): | 10.61 | |
| Repulse (5,40,3): | -9.2200 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.5800 | |
| Courbe Coppock: | 5.22 |
| MA7: | 425.49 | |
| MA20: | 412.30 | |
| MA50: | 365.43 | |
| MA100: | 300.21 | |
| MAexp7: | 423.02 | |
| MAexp20: | 409.12 | |
| MAexp50: | 369.94 | |
| MAexp100: | 320.04 | |
| Price / MA7: | -5.90% | |
| Price / MA20: | -2.89% | |
| Price / MA50: | +9.57% | |
| Price / MA100: | +33.37% | |
| Price / MAexp7: | -5.35% | |
| Price / MAexp20: | -2.13% | |
| Price / MAexp50: | +8.23% | |
| Price / MAexp100: | +25.11% |
Quotes :
2020-09-03 17:15:27
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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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