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 (+4.98%)

My analysis

The bullish trend is currently very strong on ETHEREUM - ETH/USD. As long as the price remains above the support at 1,048.28 USD, you could try to benefit from the boom. The first bullish objective is located at 1,280.43 USD. The bullish momentum would be boosted by a break in this resistance. 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.

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

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 price is 1,219.66 USD. On the day, this instrument lost -0.69% and was traded between 1,166.00 USD and 1,258.40 USD over the period. The price is currently at +4.60% from its lowest and -3.08% from its highest.

1,166.00

1,258.40

1,219.66

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.

Bullish opening

Type : Bullish

Timeframe : Openning

Bearish opening

Type : Bearish

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 strongly bullish trend. 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 detects a bullish signal on moving averages that could impact this trend:

Bullish price crossover with adaptative moving average 20

Type : Bullish

Timeframe : Daily

Technical indicators are slightly bullish. There is therefore considerable uncertainty about the continuation of the increase.
Other results related to technical indicators were also found by the Central Indicators scanner:

MACD crosses DOWN its Moving Average

Type : Bearish

Timeframe : Daily

Price is back over the pivot point

Type : Bullish

Timeframe : Daily

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:

Bullish harami

Type : Bullish

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1
ProTrendLines	583.57	730.93	816.67	1,219.66	1,280.43
Change (%)	-52.15%	-40.07%	-33.04%	-	+4.98%
Change	-636.09	-488.73	-402.99	-	+60.77
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):	65.67
MACD (12,26,9):	132.9300
Directional Movement:	11.59
AROON (14):	50.00
DEMA (21):	1,241.43
Parabolic SAR (0,02-0,02-0,2):	1,308.01
Elder Ray (13):	78.81
Super Trend (3,10):	913.99
Zig ZAG (10):	1,217.64
VORTEX (21):	1.1800
Stochastique (14,3,5):	74.17
TEMA (21):	1,281.68
Williams %R (14):	-27.39
Chande Momentum Oscillator (20):	120.49
Repulse (5,40,3):	5.9000
ROCnROLL:	1
TRIX (15,9):	2.5000
Courbe Coppock:	81.35

MA7:	1,158.57
MA20:	1,057.60
MA50:	788.46
MA100:	613.60
MAexp7:	1,183.36
MAexp20:	1,063.35
MAexp50:	857.15
MAexp100:	692.14
Price / MA7:	+5.27%
Price / MA20:	+15.32%
Price / MA50:	+54.69%
Price / MA100:	+98.77%
Price / MAexp7:	+3.07%
Price / MAexp20:	+14.70%
Price / MAexp50:	+42.29%
Price / MAexp100:	+76.22%

Quotes : 2021-01-17 11:48:18 - Real time data - Cryptocompare

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

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