ETHEREUM - ETH/USD - 1H - Technical analysis published on 10/19/2021 (GMT)
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- 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:
Bullish
Technical indicators
67%
6%
28%
My opinion
Bullish above 3,738.54 USD
My targets
3,893.84 USD (+2.06%)
3,952.52 USD (+3.59%)
My analysis
In the short term, there could be an acceleration of the basic bullish trend on ETHEREUM - ETH/USD. This is a positive signal for buyers. As long as the price remains above 3,738.54 USD, a purchase could be considered. The first bullish objective is located at 3,893.84 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 3,952.52 USD as an objective. Crossing it would then enable buyers to target 4,176.00 USD. In the event of a return below 3,738.54 USD, the price would probably only initiate a small short-term correction to improve the bullish trend. Trading this correction may be 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
5.5
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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 rating is 3,815.42 USD. The price registered an increase of +1.82% on the session with the lowest point at 3,734.15 USD and the highest point at 3,843.70 USD. The deviation from the price is +2.18% for the low point and -0.74% for the high point.3,734.15
3,843.70
3,815.42
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
A study of price movements over other periods shows the following variations:
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 bullish. 67.86% of the signals given by moving averages are bullish. The overall trend is reinforced by the strong bullish signals from short-term moving averages. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:
Bullish trend reversal : Moving Average 100
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with Moving Average 50
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
An assessment of technical indicators shows a moderate bullish signal.
Other results related to technical indicators were also found by the Central Indicators scanner:
RSI indicator is back over 50
Type : Bullish
Timeframe : 1 hour
MACD indicator is back over 0
Type : Bullish
Timeframe : 1 hour
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 several results that can have an impact on the price change:
Horizontal support is broken
Type : Bearish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
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:
Bullish harami
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 3,596.25 | 3,678.27 | 3,738.54 | 3,815.42 | 3,822.06 | 3,893.84 | 3,952.52 |
| Change (%) | -5.74% | -3.59% | -2.01% | - | +0.17% | +2.06% | +3.59% |
| Change | -219.17 | -137.15 | -76.88 | - | +6.64 | +78.42 | +137.10 |
| Level | Minor | Intermediate | Minor | - | Minor | Intermediate | Intermediate |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3,436.81 | 3,557.54 | 3,652.38 | 3,773.11 | 3,867.95 | 3,988.68 | 4,083.52 |
| Camarilla | 3,687.94 | 3,707.70 | 3,727.46 | 3,747.22 | 3,766.98 | 3,786.74 | 3,806.50 |
| Woodie | 3,423.87 | 3,551.07 | 3,639.44 | 3,766.64 | 3,855.01 | 3,982.21 | 4,070.58 |
| Fibonacci | 3,557.54 | 3,639.89 | 3,690.76 | 3,773.11 | 3,855.46 | 3,906.33 | 3,988.68 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2,906.44 | 3,146.82 | 3,486.84 | 3,727.22 | 4,067.24 | 4,307.62 | 4,647.64 |
| Camarilla | 3,667.25 | 3,720.45 | 3,773.66 | 3,826.86 | 3,880.06 | 3,933.27 | 3,986.47 |
| Woodie | 2,956.26 | 3,171.73 | 3,536.66 | 3,752.13 | 4,117.06 | 4,332.53 | 4,697.46 |
| Fibonacci | 3,146.82 | 3,368.53 | 3,505.51 | 3,727.22 | 3,948.93 | 4,085.91 | 4,307.62 |
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): | 55.88 | |
| MACD (12,26,9): | 4.7100 | |
| Directional Movement: | -0.52 | |
| AROON (14): | 71.43 | |
| DEMA (21): | 3,784.32 | |
| Parabolic SAR (0,02-0,02-0,2): | 3,739.73 | |
| Elder Ray (13): | 8.68 | |
| Super Trend (3,10): | 3,861.83 | |
| Zig ZAG (10): | 3,796.55 | |
| VORTEX (21): | 1.0900 | |
| Stochastique (14,3,5): | 65.55 | |
| TEMA (21): | 3,798.04 | |
| Williams %R (14): | -40.05 | |
| Chande Momentum Oscillator (20): | 48.27 | |
| Repulse (5,40,3): | -0.2500 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0300 | |
| Courbe Coppock: | 2.93 |
| MA7: | 3,780.94 | |
| MA20: | 3,563.39 | |
| MA50: | 3,435.98 | |
| MA100: | 3,063.11 | |
| MAexp7: | 3,793.77 | |
| MAexp20: | 3,790.14 | |
| MAexp50: | 3,798.52 | |
| MAexp100: | 3,788.71 | |
| Price / MA7: | +0.91% | |
| Price / MA20: | +7.07% | |
| Price / MA50: | +11.04% | |
| Price / MA100: | +24.56% | |
| Price / MAexp7: | +0.57% | |
| Price / MAexp20: | +0.67% | |
| Price / MAexp50: | +0.44% | |
| Price / MAexp100: | +0.70% |
Quotes :
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Real time data
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Cryptocompare
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