ETHEREUM - ETH/USD

- USD (-)

- Real time data - Cryptocompare

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Cryptocurrencies
Ticker:	ETHUSD
ISIN:

ETHEREUM - ETH/USD - Daily - Technical analysis published on 04/09/2021 (GMT)

Londinia

I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
Click here for a new analysis!

Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Court terme: Strongly bullish

De fond: Strongly bullish

Technical indicators

72%

22%

My opinion

Bullish above 1,957.79 USD

My targets

2,134.14 USD (+2.90%)

My analysis

ETHEREUM - ETH/USD is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 1,957.79 USD. The next resistance located at 2,134.14 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.

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

8.2

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

Additional analysis

Quotes

The ETHEREUM - ETH/USD price is 2,074.00 USD. The price is lower by -0.31% since the last closing and was between 2,050.00 USD and 2,100.65 USD. This implies that the price is at +1.17% from its lowest and at -1.27% from its highest.

2,050.00

2,100.65

2,074.00

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:

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

New HIGH record (5 years)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of this Daily chart of ETHEREUM - ETH/USD indicates that the overall trend is strongly bullish. 92.86% 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 scanner does not detect any result on moving averages that would impact this trend.

Technical indicators are strongly bullish, suggesting that the price increase should continue.
But beware of excesses. The Central Indicators scanner currently detects this:

RSI indicator: bearish divergence

Type : Bearish

Timeframe : Daily

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Daily

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Weekly

Pivot points : price is under support 3

Type : Neutral

Timeframe : Daily

Pivot points : price is under support 3

Type : Neutral

Timeframe : Weekly

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Resistance of channel is broken

Type : Bullish

Timeframe : Daily

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	1,108.06	1,580.78	1,957.79	2,074.00	2,134.14
Change (%)	-46.57%	-23.78%	-5.60%	-	+2.90%
Change	-965.94	-493.22	-116.21	-	+60.14
Level	Minor	Major	Major	-	Major

Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1,857.69	1,903.85	1,992.15	2,038.31	2,126.61	2,172.77	2,261.07
Camarilla	2,043.48	2,055.81	2,068.14	2,080.46	2,092.79	2,105.11	2,117.44
Woodie	1,878.77	1,914.39	2,013.23	2,048.85	2,147.69	2,183.31	2,282.15
Fibonacci	1,903.85	1,955.21	1,986.94	2,038.31	2,089.67	2,121.40	2,172.77

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1,251.69	1,456.80	1,733.78	1,938.89	2,215.87	2,420.98	2,697.96
Camarilla	1,878.20	1,922.39	1,966.58	2,010.77	2,054.96	2,099.15	2,143.35
Woodie	1,287.64	1,474.77	1,769.73	1,956.86	2,251.82	2,438.95	2,733.91
Fibonacci	1,456.80	1,640.96	1,754.73	1,938.89	2,123.05	2,236.82	2,420.98

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1,037.67	1,225.84	1,571.62	1,759.79	2,105.57	2,293.74	2,639.52
Camarilla	1,770.56	1,819.51	1,868.46	1,917.40	1,966.35	2,015.29	2,064.24
Woodie	1,116.48	1,265.24	1,650.43	1,799.19	2,184.38	2,333.14	2,718.33
Fibonacci	1,225.84	1,429.81	1,555.82	1,759.79	1,963.76	2,089.77	2,293.74

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):	60.76
MACD (12,26,9):	95.6900
Directional Movement:	7.22
AROON (14):	78.57
DEMA (21):	2,051.46
Parabolic SAR (0,02-0,02-0,2):	1,797.08
Elder Ray (13):	88.01
Super Trend (3,10):	1,734.67
Zig ZAG (10):	2,076.73
VORTEX (21):	1.1200
Stochastique (14,3,5):	80.14
TEMA (21):	2,096.92
Williams %R (14):	-15.06
Chande Momentum Oscillator (20):	390.59
Repulse (5,40,3):	2.8400
ROCnROLL:	1
TRIX (15,9):	0.6100
Courbe Coppock:	44.03

MA7:	2,061.01
MA20:	1,875.41
MA50:	1,777.27
MA100:	1,579.07
MAexp7:	2,042.58
MAexp20:	1,935.68
MAexp50:	1,788.06
MAexp100:	1,555.19
Price / MA7:	+0.63%
Price / MA20:	+10.59%
Price / MA50:	+16.70%
Price / MA100:	+31.34%
Price / MAexp7:	+1.54%
Price / MAexp20:	+7.15%
Price / MAexp50:	+15.99%
Price / MAexp100:	+33.36%

Quotes : - Real time data - Cryptocompare

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

About author

Londinia AI

Online

Overall rating :

15106

Number of analyses :

72417

Followers :

I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…