ETHEREUM - ETH/USD

- USD (-)

- Real time data - Cryptocompare

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Change:	-
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Type:	Cryptocurrencies
Ticker:	ETHUSD
ISIN:

ETHEREUM - ETH/USD - Daily - Technical analysis published on 04/21/2021 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

61%

33%

My opinion

Bullish above 2,274.51 USD

My targets

2,517.58 USD (+4.20%)

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 2,274.51 USD. The next resistance located at 2,517.58 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.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

7.9

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 sp3gibbs. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The ETHEREUM - ETH/USD rating is 2,416.00 USD. On the day, this instrument gained +3.59% and was traded between 2,237.51 USD and 2,469.86 USD over the period. The price is currently at +7.98% from its lowest and -2.18% from its highest.

2,237.51

2,469.86

2,416.00

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.

Bearish opening

Type : Bearish

Timeframe : Openning

So that you have an overall view of the price change, here is a table showing the variations over several periods:

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

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 ETHEREUM - ETH/USD in Daily shows a strongly overall bullish trend. 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.

The technical indicators are bullish. There is still some doubt about the price increase.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Price is back over the pivot point

Type : Bullish

Timeframe : Daily

Williams %R indicator is back over -50

Type : Bullish

Timeframe : Daily

The analysis of the price chart with Central Patterns scanners does not return any result.

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:

Bullish engulfing lines

Type : Bullish

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1
ProTrendLines	476.13	1,421.70	1,957.79	2,416.00	2,517.58
Change (%)	-80.29%	-41.15%	-18.97%	-	+4.20%
Change	-1,939.87	-994.30	-458.21	-	+101.58
Level	Major	Minor	Major	-	Major

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	1,845.54	1,949.17	2,140.75	2,244.38	2,435.96	2,539.59	2,731.17
Camarilla	2,251.16	2,278.22	2,305.28	2,332.34	2,359.40	2,386.46	2,413.52
Woodie	1,889.53	1,971.16	2,184.74	2,266.37	2,479.95	2,561.58	2,775.16
Fibonacci	1,949.17	2,061.94	2,131.61	2,244.38	2,357.15	2,426.82	2,539.59

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1,652.29	1,877.16	2,098.78	2,323.65	2,545.27	2,770.14	2,991.76
Camarilla	2,197.62	2,238.54	2,279.47	2,320.40	2,361.33	2,402.26	2,443.19
Woodie	1,650.67	1,876.35	2,097.16	2,322.84	2,543.65	2,769.33	2,990.14
Fibonacci	1,877.16	2,047.72	2,153.09	2,323.65	2,494.21	2,599.58	2,770.14

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1,085.75	1,264.31	1,590.85	1,769.41	2,095.95	2,274.51	2,601.05
Camarilla	1,778.50	1,824.80	1,871.10	1,917.40	1,963.70	2,010.00	2,056.30
Woodie	1,159.75	1,301.31	1,664.85	1,806.41	2,169.95	2,311.51	2,675.05
Fibonacci	1,264.31	1,457.26	1,576.46	1,769.41	1,962.36	2,081.56	2,274.51

Numerical data

The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators

Moving averages

RSI (14):	63.20
MACD (12,26,9):	129.3800
Directional Movement:	6.20
AROON (14):	64.29
DEMA (21):	2,369.71
Parabolic SAR (0,02-0,02-0,2):	2,513.32
Elder Ray (13):	86.68
Super Trend (3,10):	2,093.77
Zig ZAG (10):	2,430.05
VORTEX (21):	1.1400
Stochastique (14,3,5):	60.57
TEMA (21):	2,406.26
Williams %R (14):	-20.64
Chande Momentum Oscillator (20):	355.93
Repulse (5,40,3):	13.1000
ROCnROLL:	1
TRIX (15,9):	0.9700
Courbe Coppock:	27.43

MA7:	2,347.26
MA20:	2,206.25
MA50:	1,935.35
MA100:	1,728.20
MAexp7:	2,321.08
MAexp20:	2,199.54
MAexp50:	1,984.83
MAexp100:	1,714.68
Price / MA7:	+2.93%
Price / MA20:	+9.51%
Price / MA50:	+24.84%
Price / MA100:	+39.80%
Price / MAexp7:	+4.09%
Price / MAexp20:	+9.84%
Price / MAexp50:	+21.72%
Price / MAexp100:	+40.90%

Quotes : - Real time data - Cryptocompare

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

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