ETHEREUM - ETH/USD - 1H - Technical analysis published on 05/05/2021 (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
78%
0%
22%
My opinion
Bullish above 3,477.68 USD
My targets
4,001.36 USD (+13.62%)
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 3,477.68 USD. The next resistance located at 4,001.36 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
0
10
8.6
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Additional analysis
Quotes
The ETHEREUM - ETH/USD rating is 3,521.58 USD. The price registered an increase of +8.62% on the session and was between 3,211.22 USD and 3,547.84 USD. This implies that the price is at +9.66% from its lowest and at -0.74% from its highest.3,211.22
3,547.84
3,521.58
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:
New HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H 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 market scanner currently does not detect any result that concerns moving averages.
The probability of a further increase is high given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
Price
| S3 | S2 | S1 | Price | R1 | |
|---|---|---|---|---|---|
| ProTrendLines | 2,954.77 | 3,178.00 | 3,339.96 | 3,521.58 | 3,529.92 |
| Change (%) | -16.10% | -9.76% | -5.16% | - | +0.24% |
| Change | -566.81 | -343.58 | -181.62 | - | +8.34 |
| Level | Minor | Intermediate | 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 | 2,744.11 | 2,958.81 | 3,100.53 | 3,315.23 | 3,456.95 | 3,671.65 | 3,813.37 |
| Camarilla | 3,144.25 | 3,176.92 | 3,209.59 | 3,242.26 | 3,274.93 | 3,307.60 | 3,340.28 |
| Woodie | 2,707.63 | 2,940.57 | 3,064.05 | 3,296.99 | 3,420.47 | 3,653.41 | 3,776.89 |
| Fibonacci | 2,958.81 | 3,094.96 | 3,179.07 | 3,315.23 | 3,451.38 | 3,535.49 | 3,671.65 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,634.39 | 1,899.70 | 2,423.38 | 2,688.69 | 3,212.37 | 3,477.68 | 4,001.36 |
| Camarilla | 2,730.09 | 2,802.41 | 2,874.74 | 2,947.06 | 3,019.38 | 3,091.71 | 3,164.03 |
| Woodie | 1,763.58 | 1,964.29 | 2,552.57 | 2,753.28 | 3,341.56 | 3,542.27 | 4,130.55 |
| Fibonacci | 1,899.70 | 2,201.09 | 2,387.30 | 2,688.69 | 2,990.08 | 3,176.29 | 3,477.68 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,260.12 | 1,572.79 | 2,174.64 | 2,487.31 | 3,089.16 | 3,401.83 | 4,003.68 |
| Camarilla | 2,524.99 | 2,608.82 | 2,692.65 | 2,776.48 | 2,860.31 | 2,944.14 | 3,027.97 |
| Woodie | 1,404.70 | 1,645.09 | 2,319.22 | 2,559.61 | 3,233.74 | 3,474.13 | 4,148.26 |
| Fibonacci | 1,572.79 | 1,922.14 | 2,137.97 | 2,487.31 | 2,836.66 | 3,052.49 | 3,401.83 |
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): | 62.87 | |
| MACD (12,26,9): | 45.3100 | |
| Directional Movement: | 16.50 | |
| AROON (14): | 50.00 | |
| DEMA (21): | 3,461.60 | |
| Parabolic SAR (0,02-0,02-0,2): | 3,405.32 | |
| Elder Ray (13): | 89.24 | |
| Super Trend (3,10): | 3,323.99 | |
| Zig ZAG (10): | 3,525.85 | |
| VORTEX (21): | 1.1400 | |
| Stochastique (14,3,5): | 86.08 | |
| TEMA (21): | 3,485.62 | |
| Williams %R (14): | -7.49 | |
| Chande Momentum Oscillator (20): | 176.42 | |
| Repulse (5,40,3): | 2.3800 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1200 | |
| Courbe Coppock: | 7.82 |
| MA7: | 3,090.46 | |
| MA20: | 2,637.31 | |
| MA50: | 2,222.40 | |
| MA100: | 1,943.19 | |
| MAexp7: | 3,469.74 | |
| MAexp20: | 3,411.22 | |
| MAexp50: | 3,340.31 | |
| MAexp100: | 3,220.48 | |
| Price / MA7: | +13.95% | |
| Price / MA20: | +33.53% | |
| Price / MA50: | +58.46% | |
| Price / MA100: | +81.23% | |
| Price / MAexp7: | +1.49% | |
| Price / MAexp20: | +3.24% | |
| Price / MAexp50: | +5.43% | |
| Price / MAexp100: | +9.35% |
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.
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