ETHEREUM - ETH/USD - 1H - Technical analysis published on 04/21/2021 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
67%
6%
28%
My opinion
Bullish above 2,403.17 USD
My targets
2,517.58 USD (+4.11%)
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 2,403.17 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
0
10
8
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This analysis was given by sp3gibbs. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
ETHEREUM - ETH/USD rating 2,418.27 USD. The price has increased by +3.68% since the last closing and was traded between 2,237.51 USD and 2,469.86 USD over the period. The price is currently at +8.08% from its lowest and -2.09% from its highest.2,237.51
2,469.86
2,418.27
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by ETHEREUM - ETH/USD:
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 1H chart of ETHEREUM - ETH/USD indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, according to the parameters integrated into the Central Analyzer system, 12 technical indicators out of 18 analysed are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
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
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
Price
S3 | S2 | S1 | Price | R1 | |
---|---|---|---|---|---|
ProTrendLines | 2,149.71 | 2,318.14 | 2,403.17 | 2,418.27 | 2,517.58 |
Change (%) | -11.11% | -4.14% | -0.62% | - | +4.11% |
Change | -268.56 | -100.13 | -15.10 | - | +99.31 |
Level | Minor | Intermediate | Intermediate | - | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 1,845.54 | 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): | 66.18 | |
MACD (12,26,9): | 46.8000 | |
Directional Movement: | 14.41 | |
AROON (14): | 35.71 | |
DEMA (21): | 2,408.92 | |
Parabolic SAR (0,02-0,02-0,2): | 2,308.99 | |
Elder Ray (13): | 50.50 | |
Super Trend (3,10): | 2,301.02 | |
Zig ZAG (10): | 2,429.45 | |
VORTEX (21): | 1.1300 | |
Stochastique (14,3,5): | 80.35 | |
TEMA (21): | 2,428.03 | |
Williams %R (14): | -18.98 | |
Chande Momentum Oscillator (20): | 105.73 | |
Repulse (5,40,3): | 0.2400 | |
ROCnROLL: | 1 | |
TRIX (15,9): | 0.2400 | |
Courbe Coppock: | 8.02 |
MA7: | 2,347.26 | |
MA20: | 2,206.25 | |
MA50: | 1,935.35 | |
MA100: | 1,728.20 | |
MAexp7: | 2,400.14 | |
MAexp20: | 2,351.75 | |
MAexp50: | 2,293.14 | |
MAexp100: | 2,277.32 | |
Price / MA7: | +3.03% | |
Price / MA20: | +9.61% | |
Price / MA50: | +24.95% | |
Price / MA100: | +39.93% | |
Price / MAexp7: | +0.76% | |
Price / MAexp20: | +2.83% | |
Price / MAexp50: | +5.46% | |
Price / MAexp100: | +6.19% |
Quotes :
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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.
About author
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…
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