ETHEREUM - ETH/USD - Daily - Technical analysis published on 10/08/2021 (GMT)
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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
89%
0%
11%
My opinion
Bullish above 3,323.33 USD
My targets
3,952.52 USD (+7.88%)
4,176.00 USD (+13.98%)
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 3,323.33 USD. The next resistance located at 3,952.52 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 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, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8.6
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The ETHEREUM - ETH/USD price is 3,663.79 USD. The price has increased by +2.14% since the last closing and was between 3,553.46 USD and 3,669.02 USD. This implies that the price is at +3.10% from its lowest and at -0.14% from its highest.3,553.46
3,669.02
3,663.79
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
Technical analysis of this Daily chart of ETHEREUM - ETH/USD indicates that the overall trend is strongly bullish. 89.29% 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 market scanner currently does not detect any result that concerns moving averages.
In fact, according to the parameters integrated into the Central Analyzer system, 16 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Resistance of channel is broken
Type : Bullish
Timeframe : Daily
There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:
Doji
Type : Neutral
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 2,807.81 | 3,323.33 | 3,614.74 | 3,663.79 | 3,952.52 | 4,176.00 |
| Change (%) | -23.36% | -9.29% | -1.34% | - | +7.88% | +13.98% |
| Change | -855.98 | -340.46 | -49.05 | - | +288.73 | +512.21 |
| Level | Minor | Intermediate | 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 | 3,156.07 | 3,269.43 | 3,428.22 | 3,541.58 | 3,700.37 | 3,813.73 | 3,972.52 |
| Camarilla | 3,512.17 | 3,537.12 | 3,562.06 | 3,587.01 | 3,611.96 | 3,636.90 | 3,661.85 |
| Woodie | 3,178.79 | 3,280.79 | 3,450.94 | 3,552.94 | 3,723.09 | 3,825.09 | 3,995.24 |
| Fibonacci | 3,269.43 | 3,373.39 | 3,437.62 | 3,541.58 | 3,645.54 | 3,709.77 | 3,813.73 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2,208.41 | 2,475.62 | 2,932.98 | 3,200.19 | 3,657.55 | 3,924.76 | 4,382.12 |
| Camarilla | 3,191.08 | 3,257.50 | 3,323.92 | 3,390.34 | 3,456.76 | 3,523.18 | 3,589.60 |
| Woodie | 2,303.49 | 2,523.16 | 3,028.06 | 3,247.73 | 3,752.63 | 3,972.30 | 4,477.20 |
| Fibonacci | 2,475.62 | 2,752.41 | 2,923.40 | 3,200.19 | 3,476.98 | 3,647.97 | 3,924.76 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,058.95 | 1,858.02 | 2,429.28 | 3,228.35 | 3,799.61 | 4,598.68 | 5,169.94 |
| Camarilla | 2,623.70 | 2,749.31 | 2,874.93 | 3,000.54 | 3,126.15 | 3,251.77 | 3,377.38 |
| Woodie | 945.05 | 1,801.07 | 2,315.38 | 3,171.40 | 3,685.71 | 4,541.73 | 5,056.04 |
| Fibonacci | 1,858.02 | 2,381.49 | 2,704.88 | 3,228.35 | 3,751.82 | 4,075.21 | 4,598.68 |
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): | 61.14 | |
| MACD (12,26,9): | 79.5800 | |
| Directional Movement: | 4.39 | |
| AROON (14): | 92.86 | |
| DEMA (21): | 3,392.83 | |
| Parabolic SAR (0,02-0,02-0,2): | 3,018.12 | |
| Elder Ray (13): | 218.46 | |
| Super Trend (3,10): | 3,622.16 | |
| Zig ZAG (10): | 3,617.75 | |
| VORTEX (21): | 1.0300 | |
| Stochastique (14,3,5): | 94.41 | |
| TEMA (21): | 3,466.66 | |
| Williams %R (14): | -3.11 | |
| Chande Momentum Oscillator (20): | 560.55 | |
| Repulse (5,40,3): | 7.9400 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0500 | |
| Courbe Coppock: | 29.36 |
| MA7: | 3,503.09 | |
| MA20: | 3,180.44 | |
| MA50: | 3,337.74 | |
| MA100: | 2,900.12 | |
| MAexp7: | 3,486.53 | |
| MAexp20: | 3,323.32 | |
| MAexp50: | 3,225.10 | |
| MAexp100: | 3,023.06 | |
| Price / MA7: | +4.59% | |
| Price / MA20: | +15.20% | |
| Price / MA50: | +9.77% | |
| Price / MA100: | +26.33% | |
| Price / MAexp7: | +5.08% | |
| Price / MAexp20: | +10.24% | |
| Price / MAexp50: | +13.60% | |
| Price / MAexp100: | +21.19% |
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.
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