ETHEREUM - ETH/USD - 1H - Technical analysis published on 08/05/2021 (GMT)
- 231
- 0
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!
Click here for a new analysis!
- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
39%
22%
39%
My opinion
Bullish above 2,538.87 USD
My targets
2,841.53 USD (+5.88%)
2,872.00 USD (+7.01%)
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 2,538.87 USD. The next resistance located at 2,841.53 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 2,872.00 USD. After this resistance, buyers could then target 4,176.00 USD. 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 not called into question, despite technical indicators being indecisive.
Force
0
10
6.3
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 shravanvuppala. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The ETHEREUM - ETH/USD price is 2,683.82 USD. The price registered a decrease of -1.52% on the session and was between 2,667.51 USD and 2,741.41 USD. This implies that the price is at +0.61% from its lowest and at -2.10% from its highest.2,667.51
2,741.41
2,683.82
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by ETHEREUM - ETH/USD:
Near a 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 89.29% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
In fact, of the 18 technical indicators analysed by Central Analyzer, 7 are bullish, 7 are neutral and 4 are bearish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Parabolic SAR indicator bearish reversal
Type : Bearish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Horizontal support is broken
Type : Bearish
Timeframe : 1 hour
Support of triangle is broken
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 2,330.11 | 2,449.31 | 2,538.87 | 2,683.82 | 2,698.19 | 2,872.00 | 4,176.00 |
| Change (%) | -13.18% | -8.74% | -5.40% | - | +0.54% | +7.01% | +55.60% |
| Change | -353.71 | -234.51 | -144.95 | - | +14.37 | +188.18 | +1,492.18 |
| Level | Major | Intermediate | Intermediate | - | Minor | 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 | 2,224.13 | 2,342.21 | 2,533.67 | 2,651.75 | 2,843.21 | 2,961.29 | 3,152.75 |
| Camarilla | 2,640.01 | 2,668.38 | 2,696.76 | 2,725.13 | 2,753.51 | 2,781.88 | 2,810.25 |
| Woodie | 2,260.82 | 2,360.56 | 2,570.36 | 2,670.10 | 2,879.90 | 2,979.64 | 3,189.44 |
| Fibonacci | 2,342.21 | 2,460.45 | 2,533.51 | 2,651.75 | 2,769.99 | 2,843.05 | 2,961.29 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,798.07 | 1,953.65 | 2,242.01 | 2,397.59 | 2,685.95 | 2,841.53 | 3,129.89 |
| Camarilla | 2,408.30 | 2,448.99 | 2,489.69 | 2,530.38 | 2,571.08 | 2,611.77 | 2,652.46 |
| Woodie | 1,864.47 | 1,986.85 | 2,308.41 | 2,430.79 | 2,752.35 | 2,874.73 | 3,196.29 |
| Fibonacci | 1,953.65 | 2,123.23 | 2,228.00 | 2,397.59 | 2,567.17 | 2,671.94 | 2,841.53 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,147.51 | 1,433.19 | 1,981.79 | 2,267.47 | 2,816.07 | 3,101.75 | 3,650.35 |
| Camarilla | 2,300.95 | 2,377.43 | 2,453.90 | 2,530.38 | 2,606.86 | 2,683.33 | 2,759.81 |
| Woodie | 1,278.96 | 1,498.92 | 2,113.24 | 2,333.20 | 2,947.52 | 3,167.48 | 3,781.80 |
| Fibonacci | 1,433.19 | 1,751.89 | 1,948.78 | 2,267.47 | 2,586.17 | 2,783.06 | 3,101.75 |
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): | 65.27 | |
| MACD (12,26,9): | 47.8100 | |
| Directional Movement: | 14.00 | |
| AROON (14): | 64.29 | |
| DEMA (21): | 2,718.35 | |
| Parabolic SAR (0,02-0,02-0,2): | 2,767.78 | |
| Elder Ray (13): | 8.34 | |
| Super Trend (3,10): | 2,627.69 | |
| Zig ZAG (10): | 2,687.26 | |
| VORTEX (21): | 1.2700 | |
| Stochastique (14,3,5): | 61.74 | |
| TEMA (21): | 2,744.07 | |
| Williams %R (14): | -47.01 | |
| Chande Momentum Oscillator (20): | 17.76 | |
| Repulse (5,40,3): | -0.4900 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.2800 | |
| Courbe Coppock: | 11.09 |
| MA7: | 2,582.86 | |
| MA20: | 2,260.77 | |
| MA50: | 2,160.55 | |
| MA100: | 2,548.13 | |
| MAexp7: | 2,699.38 | |
| MAexp20: | 2,657.28 | |
| MAexp50: | 2,599.24 | |
| MAexp100: | 2,557.32 | |
| Price / MA7: | +3.91% | |
| Price / MA20: | +18.71% | |
| Price / MA50: | +24.22% | |
| Price / MA100: | +5.33% | |
| Price / MAexp7: | -0.58% | |
| Price / MAexp20: | +1.00% | |
| Price / MAexp50: | +3.25% | |
| Price / MAexp100: | +4.95% |
Quotes :
-
Real time data
-
Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
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…
Add a comment
Comments
0 comments on the analysis ETHEREUM - ETH/USD - 1H