ETHEREUM - ETH/USD - 1H - Technical analysis published on 10/14/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
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Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
33%
28%
39%
My opinion
Bullish above 374.70 USD
My targets
388.86 USD (+0.64%)
395.81 USD (+2.44%)
My analysis
The bullish trend is currently very strong on ETHEREUM - ETH/USD. As long as the price remains above the support at 374.70 USD, you could try to benefit from the boom. The first bullish objective is located at 388.86 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 395.81 USD as an objective. Crossing it would then enable buyers to target 438.28 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.
Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.
Force
0
10
5.9
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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 386.40 USD. On the day, this instrument gained +1.29% with the lowest point at 378.48 USD and the highest point at 387.29 USD. The deviation from the price is +2.09% for the low point and -0.23% for the high point.378.48
387.29
386.40
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of ETHEREUM - ETH/USD in 1H shows a strongly overall 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. The Central Indicators market scanner is currently detecting several bearish and bullish signals that could impact this trend:
Bullish trend reversal : Moving Average 50
Type : Bullish
Timeframe : 1 hour
Bearish trend reversal : Moving Average 50
Type : Bearish
Timeframe : 1 hour
Bullish trend reversal : adaptative moving average 50
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 100
Type : Bullish
Timeframe : 1 hour
On the 18 technical indicators analysed, 6 are bullish, 7 are neutral and 5 are bearish. But beware of excesses. The Central Indicators scanner currently detects this:
MACD indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
RSI indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Weekly
Price is back over the pivot point
Type : Bullish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Horizontal support is broken
Type : Bearish
Timeframe : 1 hour
For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:
Long white line
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 353.26 | 365.88 | 374.70 | 386.40 | 388.86 | 395.81 | 438.28 |
| Change (%) | -8.58% | -5.31% | -3.03% | - | +0.64% | +2.44% | +13.43% |
| Change | -33.14 | -20.52 | -11.70 | - | +2.46 | +9.41 | +51.88 |
| Level | Minor | Intermediate | Intermediate | - | Intermediate | Intermediate | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 361.36 | 367.94 | 374.70 | 381.28 | 388.04 | 394.62 | 401.38 |
| Camarilla | 377.79 | 379.01 | 380.24 | 381.46 | 382.68 | 383.91 | 385.13 |
| Woodie | 361.45 | 367.99 | 374.79 | 381.33 | 388.13 | 394.67 | 401.47 |
| Fibonacci | 367.94 | 373.04 | 376.18 | 381.28 | 386.38 | 389.52 | 394.62 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.82 | 0.87 | 0.91 | 0.96 | 1.00 | 1.05 | 1.09 |
| Camarilla | 0.94 | 0.94 | 0.95 | 0.96 | 0.97 | 0.98 | 0.99 |
| Woodie | 0.83 | 0.87 | 0.92 | 0.96 | 1.01 | 1.05 | 1.10 |
| Fibonacci | 0.87 | 0.90 | 0.92 | 0.96 | 0.99 | 1.01 | 1.05 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 297.24 | 235.12 | 303.12 | 241.00 | 309.00 | 246.88 | 314.88 |
| Camarilla | 369.50 | 370.04 | 370.58 | 371.12 | 371.66 | 372.20 | 372.74 |
| Woodie | 362.30 | 267.65 | 368.18 | 273.53 | 374.06 | 279.41 | 379.94 |
| Fibonacci | 235.12 | 237.37 | 238.75 | 241.00 | 243.25 | 244.63 | 246.88 |
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): | 50.32 | |
| MACD (12,26,9): | -0.1300 | |
| Directional Movement: | -7.13 | |
| AROON (14): | -71.43 | |
| DEMA (21): | 381.68 | |
| Parabolic SAR (0,02-0,02-0,2): | 377.06 | |
| Elder Ray (13): | 0.44 | |
| Super Trend (3,10): | 375.62 | |
| Zig ZAG (10): | 382.20 | |
| VORTEX (21): | 1.1100 | |
| Stochastique (14,3,5): | 35.27 | |
| TEMA (21): | 381.17 | |
| Williams %R (14): | -52.27 | |
| Chande Momentum Oscillator (20): | -2.34 | |
| Repulse (5,40,3): | 0.1400 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 0.10 |
| MA7: | 344.49 | |
| MA20: | 349.35 | |
| MA50: | 366.20 | |
| MA100: | 350.15 | |
| MAexp7: | 381.42 | |
| MAexp20: | 382.17 | |
| MAexp50: | 381.08 | |
| MAexp100: | 376.96 | |
| Price / MA7: | +12.17% | |
| Price / MA20: | +10.61% | |
| Price / MA50: | +5.52% | |
| Price / MA100: | +10.35% | |
| Price / MAexp7: | +1.31% | |
| Price / MAexp20: | +1.11% | |
| Price / MAexp50: | +1.40% | |
| Price / MAexp100: | +2.50% |
Quotes :
2020-10-14 13:53:31
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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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