ETHEREUM - ETH/USD - 1H - Technical analysis published on 06/26/2019 (GMT)
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- Timeframe : 1H
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Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
78%
0%
22%
My opinion
Bullish above 314.81 USD
My targets
393.04 USD (+12.40%)
695.08 USD (+98.77%)
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 314.81 USD. The buyers” bullish objective is set at 393.04 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 695.08 USD. If there is any crossing, the next objective would be the resistance located at 816.67 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.
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 349.69 USD. The price registered an increase of +10.42% on the session and was traded between 314.48 USD and 355.55 USD over the period. The price is currently at +11.20% from its lowest and -1.65% from its highest.314.48
355.55
349.69
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
New HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
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 strongly bullish. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, 14 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : 1 hour
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Weekly
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near resistance of triangle
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 271.23 | 295.11 | 314.81 | 349.69 | 393.04 | 695.08 | 816.67 |
| Change (%) | -22.44% | -15.61% | -9.97% | - | +12.40% | +98.77% | +133.54% |
| Change | -78.46 | -54.58 | -34.88 | - | +43.35 | +345.39 | +466.98 |
| Level | Major | Minor | Major | - | Minor | Minor | 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 | 297.84 | 301.93 | 309.30 | 313.39 | 320.76 | 324.85 | 332.22 |
| Camarilla | 313.53 | 314.58 | 315.63 | 316.68 | 317.73 | 318.78 | 319.83 |
| Woodie | 299.49 | 302.75 | 310.95 | 314.21 | 322.41 | 325.67 | 333.87 |
| Fibonacci | 301.93 | 306.30 | 309.01 | 313.39 | 317.76 | 320.47 | 324.85 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 220.35 | 240.66 | 274.51 | 294.82 | 328.67 | 348.98 | 382.83 |
| Camarilla | 293.48 | 298.44 | 303.41 | 308.37 | 313.33 | 318.30 | 323.26 |
| Woodie | 227.13 | 244.04 | 281.29 | 298.20 | 335.45 | 352.36 | 389.61 |
| Fibonacci | 240.66 | 261.35 | 274.13 | 294.82 | 315.51 | 328.29 | 348.98 |
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): | 71.18 | |
| MACD (12,26,9): | 9.4600 | |
| Directional Movement: | 30.03 | |
| AROON (14): | 78.57 | |
| DEMA (21): | 348.53 | |
| Parabolic SAR (0,02-0,02-0,2): | 342.26 | |
| Elder Ray (13): | 8.63 | |
| Super Trend (3,10): | 332.00 | |
| Zig ZAG (10): | 350.02 | |
| VORTEX (21): | 1.2900 | |
| Stochastique (14,3,5): | 88.13 | |
| TEMA (21): | 353.28 | |
| Williams %R (14): | -18.56 | |
| Chande Momentum Oscillator (20): | 18.90 | |
| Repulse (5,40,3): | 1.7400 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.3600 | |
| Courbe Coppock: | 14.62 |
| MA7: | 308.66 | |
| MA20: | 275.29 | |
| MA50: | 253.70 | |
| MA100: | 205.58 | |
| MAexp7: | 346.34 | |
| MAexp20: | 336.94 | |
| MAexp50: | 324.90 | |
| MAexp100: | 315.17 | |
| Price / MA7: | +13.29% | |
| Price / MA20: | +27.03% | |
| Price / MA50: | +37.84% | |
| Price / MA100: | +70.10% | |
| Price / MAexp7: | +0.97% | |
| Price / MAexp20: | +3.78% | |
| Price / MAexp50: | +7.63% | |
| Price / MAexp100: | +10.95% |
This member declared not having a position on this financial instrument or a related financial instrument.
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