ETHEREUM - ETH/USD - Daily - Technical analysis published on 05/28/2023 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Bullish
Technical indicators
61%
6%
33%
My opinion
Bullish above 1,796.61 USD
My targets
1,996.33 USD (+7.93%)
2,117.65 USD (+14.48%)
My analysis
A bullish trend on ETHEREUM - ETH/USD both in substance and in the short term. A purchase could be considered as long as the price remains above 1,796.61 USD. Each resistance break is a strong signal that the current trend will continue. The first bullish objective would be 1,996.33 USD. Then the price could move towards 2,117.65 USD. Then 2,763.12 USD by extension. Be careful, a return below 1,796.61 USD would be a sign of the trend weakening and a possible correction phase could then occur. In this case, you could keep away while waiting for a signal that the basic trend will resume. Trading against the trend could be riskier.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
5.4
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This analysis was given by koenakubheka. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
ETHEREUM - ETH/USD rating 1,849.72 USD. The price registered an increase of +1.02% on the session and was traded between 1,824.60 USD and 1,860.28 USD over the period. The price is currently at +1.38% from its lowest and -0.57% from its highest.1,824.60
1,860.28
1,849.72
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Bearish opening
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of ETHEREUM - ETH/USD in Daily shows an overall bullish trend. 75.00% of the signals given by moving averages are bullish. The overall trend seems to be showing some signs of weakness, as do the tentative bullish signals given by short-term moving averages. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:
Bullish trend reversal : adaptative moving average 20
Type : Bullish
Timeframe : Daily
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : Daily
Bullish price crossover with adaptative moving average 50
Type : Bullish
Timeframe : Daily
An assessment of technical indicators shows a moderate bullish signal.
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
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Daily
RSI indicator is back over 50
Type : Bullish
Timeframe : Daily
Parabolic SAR indicator bullish reversal
Type : Bullish
Timeframe : Daily
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
For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:
White morning star
Type : Bullish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1,431.05 | 1,661.38 | 1,796.61 | 1,849.72 | 1,996.33 | 2,117.65 | 2,763.12 |
| Change (%) | -22.63% | -10.18% | -2.87% | - | +7.93% | +14.48% | +49.38% |
| Change | -418.67 | -188.34 | -53.11 | - | +146.61 | +267.93 | +913.40 |
| Level | Major | Minor | Major | - | Minor | Intermediate | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,797.74 | 1,806.54 | 1,818.80 | 1,827.60 | 1,839.86 | 1,848.66 | 1,860.92 |
| Camarilla | 1,825.28 | 1,827.21 | 1,829.14 | 1,831.07 | 1,833.00 | 1,834.93 | 1,836.86 |
| Woodie | 1,799.48 | 1,807.41 | 1,820.54 | 1,828.47 | 1,841.60 | 1,849.53 | 1,862.66 |
| Fibonacci | 1,806.54 | 1,814.58 | 1,819.55 | 1,827.60 | 1,835.64 | 1,840.61 | 1,848.66 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,666.62 | 1,714.96 | 1,773.01 | 1,821.35 | 1,879.40 | 1,927.74 | 1,985.79 |
| Camarilla | 1,801.81 | 1,811.57 | 1,821.32 | 1,831.07 | 1,840.82 | 1,850.58 | 1,860.33 |
| Woodie | 1,671.49 | 1,717.39 | 1,777.88 | 1,823.78 | 1,884.27 | 1,930.17 | 1,990.66 |
| Fibonacci | 1,714.96 | 1,755.60 | 1,780.71 | 1,821.35 | 1,861.99 | 1,887.10 | 1,927.74 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,379.51 | 1,585.01 | 1,727.54 | 1,933.04 | 2,075.57 | 2,281.07 | 2,423.60 |
| Camarilla | 1,774.37 | 1,806.28 | 1,838.18 | 1,870.08 | 1,901.98 | 1,933.89 | 1,965.79 |
| Woodie | 1,348.04 | 1,569.27 | 1,696.07 | 1,917.30 | 2,044.10 | 2,265.33 | 2,392.13 |
| Fibonacci | 1,585.01 | 1,717.95 | 1,800.09 | 1,933.04 | 2,065.98 | 2,148.12 | 2,281.07 |
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): | 52.20 | |
| MACD (12,26,9): | -9.7700 | |
| Directional Movement: | 1.66 | |
| AROON (14): | -14.28 | |
| DEMA (21): | 1,816.28 | |
| Parabolic SAR (0,02-0,02-0,2): | 1,740.44 | |
| Elder Ray (13): | 15.19 | |
| Super Trend (3,10): | 1,948.60 | |
| Zig ZAG (10): | 1,850.06 | |
| VORTEX (21): | 0.9400 | |
| Stochastique (14,3,5): | 68.81 | |
| TEMA (21): | 1,813.81 | |
| Williams %R (14): | -18.77 | |
| Chande Momentum Oscillator (20): | 25.47 | |
| Repulse (5,40,3): | 2.3600 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.1400 | |
| Courbe Coppock: | 0.76 |
| MA7: | 1,827.01 | |
| MA20: | 1,819.17 | |
| MA50: | 1,884.29 | |
| MA100: | 1,790.73 | |
| MAexp7: | 1,829.20 | |
| MAexp20: | 1,832.12 | |
| MAexp50: | 1,835.96 | |
| MAexp100: | 1,777.84 | |
| Price / MA7: | +1.24% | |
| Price / MA20: | +1.68% | |
| Price / MA50: | -1.83% | |
| Price / MA100: | +3.29% | |
| Price / MAexp7: | +1.12% | |
| Price / MAexp20: | +0.96% | |
| Price / MAexp50: | +0.75% | |
| Price / MAexp100: | +4.04% |
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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