ETHEREUM - ETH/USD

- USD (-)

- Real time data - Cryptocompare

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Type:	Cryptocurrencies
Ticker:	ETHUSD
ISIN:

ETHEREUM - ETH/USD - Daily - Technical analysis published on 01/17/2021 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Court terme: Strongly bullish

De fond: Strongly bullish

Technical indicators

44%

17%

39%

My opinion

Bullish above 1,048.28 USD

My targets

1,280.43 USD (+3.60%)

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 1,048.28 USD. The buyers” bullish objective is set at 1,280.43 USD. A bullish break in this resistance would boost the bullish momentum. 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, 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

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

Additional analysis

Quotes

The ETHEREUM - ETH/USD rating is 1,235.94 USD. The price registered an increase of +0.64% on the session with the lowest point at 1,201.82 USD and the highest point at 1,238.83 USD. The deviation from the price is +2.84% for the low point and -0.23% for the high point.

1,201.82

1,238.83

1,235.94

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

Here is a more detailed summary of the historical variations registered by ETHEREUM - ETH/USD:

Technical

Technical analysis of this Daily 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. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

In fact, only 8 technical indicators out of 18 studied are currently positioned bullish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:

MACD crosses DOWN its Moving Average

Type : Bearish

Timeframe : Daily

Price is back over the pivot point

Type : Bullish

Timeframe : Daily

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

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

Bullish harami

Type : Bullish

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1
ProTrendLines	583.57	730.93	816.67	1,235.94	1,280.43
Change (%)	-52.78%	-40.86%	-33.92%	-	+3.60%
Change	-652.37	-505.01	-419.27	-	+44.49
Level	Intermediate	Minor	Minor	-	Major

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

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1,016.09	1,084.06	1,156.08	1,224.05	1,296.07	1,364.04	1,436.06
Camarilla	1,189.61	1,202.45	1,215.28	1,228.11	1,240.94	1,253.78	1,266.61
Woodie	1,018.13	1,085.07	1,158.12	1,225.06	1,298.11	1,365.05	1,438.10
Fibonacci	1,084.06	1,137.53	1,170.57	1,224.05	1,277.52	1,310.56	1,364.04

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	540.41	726.70	977.41	1,163.70	1,414.41	1,600.70	1,851.41
Camarilla	1,107.94	1,147.99	1,188.05	1,228.11	1,268.17	1,308.23	1,348.29
Woodie	572.61	742.81	1,009.61	1,179.81	1,446.61	1,616.81	1,883.61
Fibonacci	726.70	893.64	996.77	1,163.70	1,330.64	1,433.77	1,600.70

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	364.28	447.14	592.28	675.14	820.28	903.14	1,048.28
Camarilla	674.72	695.62	716.52	737.42	758.32	779.22	800.12
Woodie	395.42	462.71	623.42	690.71	851.42	918.71	1,079.42
Fibonacci	447.14	534.24	588.04	675.14	762.24	816.04	903.14

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):	65.03
MACD (12,26,9):	132.5000
Directional Movement:	12.02
AROON (14):	50.00
DEMA (21):	1,239.69
Parabolic SAR (0,02-0,02-0,2):	1,308.01
Elder Ray (13):	83.23
Super Trend (3,10):	913.99
Zig ZAG (10):	1,209.80
VORTEX (21):	1.2000
Stochastique (14,3,5):	73.88
TEMA (21):	1,280.04
Williams %R (14):	-28.99
Chande Momentum Oscillator (20):	112.84
Repulse (5,40,3):	4.2500
ROCnROLL:	1
TRIX (15,9):	2.5000
Courbe Coppock:	81.26

MA7:	1,160.80
MA20:	1,057.69
MA50:	788.51
MA100:	613.57
MAexp7:	1,187.03
MAexp20:	1,062.66
MAexp50:	856.88
MAexp100:	692.01
Price / MA7:	+6.47%
Price / MA20:	+16.85%
Price / MA50:	+56.74%
Price / MA100:	+101.43%
Price / MAexp7:	+4.12%
Price / MAexp20:	+16.31%
Price / MAexp50:	+44.24%
Price / MAexp100:	+78.60%

Quotes : 2021-01-17 00:56:28 - Real time data - Cryptocompare

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

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