ETHEREUM - ETH/USD - Daily - Technical analysis published on 05/17/2021 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bullish
Technical indicators
17%
50%
33%
My opinion
Bullish above 3,089.16 USD
My targets
3,401.83 USD (+0.05%)
4,003.68 USD (+17.76%)
My analysis
Has the basic bullish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bullish movement or a correction. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the support located at 3,089.16 USD remains possible. It is advisable to trade ETHEREUM - ETH/USD with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 3,089.16 USD. The next bullish objective for buyers is set at 3,401.83 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 4,003.68 USD. PS: if there is a bearish break in the support located at 3,089.16 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.
In the very short term, the general bullish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bullish direction is still favored, however the current short term bearish correction should be carefully watched.
Force
0
10
2.1
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Additional analysis
Quotes
The ETHEREUM - ETH/USD rating is 3,400.00 USD. The price registered a decrease of -5.19% on the session and was traded between 3,125.48 USD and 3,587.22 USD over the period. The price is currently at +8.78% from its lowest and -5.22% from its highest.3,125.48
3,587.22
3,400.00
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
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
A technical analysis in Daily of this ETHEREUM - ETH/USD chart shows a bullish trend. The signals given by moving averages are 75.00% bullish. This bullish trend could slow down given the neutral signals currently being 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 slightly bearish. There is therefore considerable uncertainty about the continuation of the decline.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Williams %R indicator is back under -50
Type : Bearish
Timeframe : Daily
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
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:
White morning star
Type : Bullish
Timeframe : Daily
ProTrendLines
S3
S2
S1
Price
| S3 | S2 | S1 | Price | |
|---|---|---|---|---|
| ProTrendLines | 1,421.70 | 1,957.79 | 2,517.58 | 3,400.00 |
| Change (%) | -58.19% | -42.42% | -25.95% | - |
| Change | -1,978.30 | -1,442.21 | -882.42 | - |
| Level | Minor | Major | Intermediate | - |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2,799.98 | 3,074.41 | 3,330.23 | 3,604.66 | 3,860.48 | 4,134.91 | 4,390.73 |
| Camarilla | 3,440.24 | 3,488.85 | 3,537.45 | 3,586.06 | 3,634.67 | 3,683.27 | 3,731.88 |
| Woodie | 2,790.69 | 3,069.76 | 3,320.94 | 3,600.01 | 3,851.19 | 4,130.26 | 4,381.44 |
| Fibonacci | 3,074.41 | 3,276.96 | 3,402.10 | 3,604.66 | 3,807.21 | 3,932.35 | 4,134.91 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2,502.72 | 3,026.17 | 3,333.08 | 3,856.53 | 4,163.44 | 4,686.89 | 4,993.80 |
| Camarilla | 3,411.65 | 3,487.77 | 3,563.88 | 3,640.00 | 3,716.12 | 3,792.23 | 3,868.35 |
| Woodie | 2,394.46 | 2,972.04 | 3,224.82 | 3,802.40 | 4,055.18 | 4,632.76 | 4,885.54 |
| Fibonacci | 3,026.17 | 3,343.36 | 3,539.33 | 3,856.53 | 4,173.72 | 4,369.69 | 4,686.89 |
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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 51.68 | |
| MACD (12,26,9): | 307.4500 | |
| Directional Movement: | 4.94 | |
| AROON (14): | 64.29 | |
| DEMA (21): | 3,885.08 | |
| Parabolic SAR (0,02-0,02-0,2): | 4,307.16 | |
| Elder Ray (13): | -245.27 | |
| Super Trend (3,10): | 3,067.76 | |
| Zig ZAG (10): | 3,384.71 | |
| VORTEX (21): | 1.1100 | |
| Stochastique (14,3,5): | 40.29 | |
| TEMA (21): | 3,926.33 | |
| Williams %R (14): | -75.17 | |
| Chande Momentum Oscillator (20): | -89.38 | |
| Repulse (5,40,3): | -6.6900 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 1.9700 | |
| Courbe Coppock: | 49.53 |
| MA7: | 3,783.93 | |
| MA20: | 3,477.68 | |
| MA50: | 2,713.61 | |
| MA100: | 2,219.11 | |
| MAexp7: | 3,675.90 | |
| MAexp20: | 3,443.72 | |
| MAexp50: | 2,886.26 | |
| MAexp100: | 2,359.92 | |
| Price / MA7: | -10.15% | |
| Price / MA20: | -2.23% | |
| Price / MA50: | +25.29% | |
| Price / MA100: | +53.21% | |
| Price / MAexp7: | -7.51% | |
| Price / MAexp20: | -1.27% | |
| Price / MAexp50: | +17.80% | |
| Price / MAexp100: | +44.07% |
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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