ETHEREUM - ETH/USD - 1H - Technical analysis published on 01/03/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bullish
Technical indicators
61%
11%
28%
My opinion
Bullish above 1,193.18 USD
My targets
1,221.90 USD (+0.92%)
1,229.64 USD (+1.56%)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on ETHEREUM - ETH/USD. As long as you are above the support located at 1,193.18 USD, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 1,221.90 USD would be a signal that the basic trade will reverse and the short-term trend could then quickly become bullish. Buyers would then use the next resistance located at 1,229.64 USD as an objective. Crossing it would then enable buyers to target 1,243.70 USD. If the support 1,193.18 USD were to be broken, this would simply be a sign of a possible continuation of short-term consolidation and trading against the trend would then perhaps be more 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
3.8
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Additional analysis
Quotes
ETHEREUM - ETH/USD rating 1,210.81 USD. On the day, this instrument lost -0.24% and was traded between 1,208.22 USD and 1,219.14 USD over the period. The price is currently at +0.21% from its lowest and -0.68% from its highest.1,208.22
1,219.14
1,210.81
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 LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of ETHEREUM - ETH/USD indicates that the overall trend is bullish. 71.43% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:
Bearish trend reversal : adaptative moving average 50
Type : Bearish
Timeframe : 1 hour
An assessment of technical indicators shows a moderate bullish signal.
But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Parabolic SAR indicator bullish reversal
Type : Bullish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near support of channel
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1,183.78 | 1,193.18 | 1,207.03 | 1,210.81 | 1,213.12 | 1,221.90 | 1,229.64 |
| Change (%) | -2.23% | -1.46% | -0.31% | - | +0.19% | +0.92% | +1.56% |
| Change | -27.03 | -17.63 | -3.78 | - | +2.31 | +11.09 | +18.83 |
| Level | Minor | Intermediate | Intermediate | - | Minor | Intermediate | Minor |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,168.62 | 1,180.90 | 1,197.33 | 1,209.61 | 1,226.04 | 1,238.32 | 1,254.75 |
| Camarilla | 1,205.88 | 1,208.51 | 1,211.14 | 1,213.77 | 1,216.40 | 1,219.03 | 1,221.67 |
| Woodie | 1,170.71 | 1,181.94 | 1,199.42 | 1,210.65 | 1,228.13 | 1,239.36 | 1,256.84 |
| Fibonacci | 1,180.90 | 1,191.86 | 1,198.64 | 1,209.61 | 1,220.57 | 1,227.35 | 1,238.32 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,128.07 | 1,155.31 | 1,175.15 | 1,202.39 | 1,222.23 | 1,249.47 | 1,269.31 |
| Camarilla | 1,182.03 | 1,186.35 | 1,190.66 | 1,194.98 | 1,199.30 | 1,203.61 | 1,207.93 |
| Woodie | 1,124.36 | 1,153.46 | 1,171.44 | 1,200.54 | 1,218.52 | 1,247.62 | 1,265.60 |
| Fibonacci | 1,155.31 | 1,173.30 | 1,184.41 | 1,202.39 | 1,220.38 | 1,231.49 | 1,249.47 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 915.40 | 1,033.25 | 1,114.11 | 1,231.96 | 1,312.82 | 1,430.67 | 1,511.53 |
| Camarilla | 1,140.34 | 1,158.55 | 1,176.77 | 1,194.98 | 1,213.20 | 1,231.41 | 1,249.63 |
| Woodie | 896.92 | 1,024.00 | 1,095.63 | 1,222.71 | 1,294.34 | 1,421.42 | 1,493.05 |
| Fibonacci | 1,033.25 | 1,109.15 | 1,156.05 | 1,231.96 | 1,307.86 | 1,354.76 | 1,430.67 |
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): | 59.42 | |
| MACD (12,26,9): | 1.3700 | |
| Directional Movement: | 12.00 | |
| AROON (14): | 35.72 | |
| DEMA (21): | 1,217.48 | |
| Parabolic SAR (0,02-0,02-0,2): | 1,211.67 | |
| Elder Ray (13): | 1.45 | |
| Super Trend (3,10): | 1,210.35 | |
| Zig ZAG (10): | 1,217.22 | |
| VORTEX (21): | 0.9900 | |
| Stochastique (14,3,5): | 55.65 | |
| TEMA (21): | 1,215.90 | |
| Williams %R (14): | -36.68 | |
| Chande Momentum Oscillator (20): | 2.51 | |
| Repulse (5,40,3): | -0.0300 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0200 | |
| Courbe Coppock: | 0.08 |
| MA7: | 1,202.33 | |
| MA20: | 1,206.63 | |
| MA50: | 1,222.02 | |
| MA100: | 1,299.27 | |
| MAexp7: | 1,216.39 | |
| MAexp20: | 1,215.23 | |
| MAexp50: | 1,211.06 | |
| MAexp100: | 1,206.99 | |
| Price / MA7: | +0.71% | |
| Price / MA20: | +0.35% | |
| Price / MA50: | -0.92% | |
| Price / MA100: | -6.81% | |
| Price / MAexp7: | -0.45% | |
| Price / MAexp20: | -0.35% | |
| Price / MAexp50: | -0.01% | |
| Price / MAexp100: | +0.33% |
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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