ETHEREUM - ETH/USD - 1H - Technical analysis published on 03/24/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
39%
22%
39%
My opinion
Bullish above 1,793.50 USD
My targets
1,844.36 USD (+1.54%)
1,979.06 USD (+8.96%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on ETHEREUM - ETH/USD as long as the price remains well above 1,793.50 USD. The buyers' bullish objective is set at 1,844.36 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 1,979.06 USD. If there is any crossing, the next objective would be the resistance located at 3,521.87 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.
Force
0
10
6.6
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
ETHEREUM - ETH/USD rating 1,816.35 USD. The price is lower by -0.05% since the last closing with the lowest point at 1,808.71 USD and the highest point at 1,821.83 USD. The deviation from the price is +0.42% for the low point and -0.30% for the high point.1,808.71
1,821.83
1,816.35
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
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. 92.86% 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 scanner does not detect any result on moving averages that would impact this trend.
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Central Indicators, the scanner specialised in technical indicators, has identified these signals:
MACD crosses DOWN its Moving Average
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is back under -50
Type : Bearish
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
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 | 1,672.66 | 1,724.23 | 1,793.50 | 1,816.35 | 1,823.42 | 1,844.36 | 1,979.06 |
| Change (%) | -7.91% | -5.07% | -1.26% | - | +0.39% | +1.54% | +8.96% |
| Change | -143.69 | -92.12 | -22.85 | - | +7.07 | +28.01 | +162.71 |
| Level | Minor | Intermediate | Major | - | Minor | Major | Minor |
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 | 1,622.46 | 1,677.89 | 1,747.55 | 1,802.98 | 1,872.64 | 1,928.07 | 1,997.73 |
| Camarilla | 1,782.81 | 1,794.28 | 1,805.74 | 1,817.21 | 1,828.68 | 1,840.14 | 1,851.61 |
| Woodie | 1,629.58 | 1,681.45 | 1,754.67 | 1,806.54 | 1,879.76 | 1,931.63 | 2,004.85 |
| Fibonacci | 1,677.89 | 1,725.67 | 1,755.20 | 1,802.98 | 1,850.76 | 1,880.29 | 1,928.07 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,152.32 | 1,306.58 | 1,535.02 | 1,689.28 | 1,917.72 | 2,071.98 | 2,300.42 |
| Camarilla | 1,658.23 | 1,693.31 | 1,728.39 | 1,763.47 | 1,798.55 | 1,833.63 | 1,868.71 |
| Woodie | 1,189.42 | 1,325.13 | 1,572.12 | 1,707.83 | 1,954.82 | 2,090.53 | 2,337.52 |
| Fibonacci | 1,306.58 | 1,452.77 | 1,543.09 | 1,689.28 | 1,835.47 | 1,925.79 | 2,071.98 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,204.31 | 1,334.13 | 1,468.76 | 1,598.58 | 1,733.21 | 1,863.03 | 1,997.66 |
| Camarilla | 1,530.66 | 1,554.90 | 1,579.14 | 1,603.38 | 1,627.62 | 1,651.86 | 1,676.10 |
| Woodie | 1,206.71 | 1,335.33 | 1,471.16 | 1,599.78 | 1,735.61 | 1,864.23 | 2,000.06 |
| Fibonacci | 1,334.13 | 1,435.15 | 1,497.56 | 1,598.58 | 1,699.60 | 1,762.01 | 1,863.03 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 57.09 | |
| MACD (12,26,9): | 12.4100 | |
| Directional Movement: | 7.80 | |
| AROON (14): | 7.14 | |
| DEMA (21): | 1,819.50 | |
| Parabolic SAR (0,02-0,02-0,2): | 1,856.44 | |
| Elder Ray (13): | 2.91 | |
| Super Trend (3,10): | 1,774.21 | |
| Zig ZAG (10): | 1,814.06 | |
| VORTEX (21): | 1.1700 | |
| Stochastique (14,3,5): | 49.78 | |
| TEMA (21): | 1,826.91 | |
| Williams %R (14): | -73.00 | |
| Chande Momentum Oscillator (20): | -18.49 | |
| Repulse (5,40,3): | -0.1000 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1100 | |
| Courbe Coppock: | 3.80 |
| MA7: | 1,780.13 | |
| MA20: | 1,657.09 | |
| MA50: | 1,635.76 | |
| MA100: | 1,510.27 | |
| MAexp7: | 1,814.12 | |
| MAexp20: | 1,803.49 | |
| MAexp50: | 1,789.48 | |
| MAexp100: | 1,781.07 | |
| Price / MA7: | +2.03% | |
| Price / MA20: | +9.61% | |
| Price / MA50: | +11.04% | |
| Price / MA100: | +20.27% | |
| Price / MAexp7: | +0.12% | |
| Price / MAexp20: | +0.71% | |
| Price / MAexp50: | +1.50% | |
| Price / MAexp100: | +1.98% |
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.
About author
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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…
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