ETHEREUM - ETH/USD - 1H - Technical analysis published on 07/17/2019 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
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Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Slightly bearish
Technical indicators
61%
0%
39%
My opinion
Bullish above 202.88 USD
My targets
231.54 USD (+6.09%)
271.86 USD (+24.56%)
My analysis
The strong short-term increase in Ethereum - ETH/USD calls into question the currently slightly bearish basic trend. A trend reversal is likely. As long as the price remains above 202.88 USD, you could consider taking advantage of the short-term movement. The first bullish objective is located at 231.54 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 271.86 USD as an objective. Crossing it would then enable buyers to target 313.45 USD. Caution, a return under 202.88 USD could jeopardize the reversal.
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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
Ethereum - ETH/USD rating 218.25 USD. The price registered an increase of +9.89% on the session and was between 192.10 USD and 219.62 USD. This implies that the price is at +13.61% from its lowest and at -0.62% from its highest.192.10
219.62
218.25
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
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 1H shows an overall slightly bearish trend. Only 57.14% of the signals given by moving averages are bearish. This slightly bearish trend could quickly be reversed due to the strong bullish signals currently being given by short-term moving averages. An assessment of moving averages reveals several bullish signals that could impact this trend:
Bullish price crossover with Moving Average 50
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 50
Type : Bullish
Timeframe : 1 hour
In fact, according to the parameters integrated into the Central Analyzer system, 11 technical indicators out of 18 analysed are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Previous candle closed over Bollinger bands
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:
Three white soldiers
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 158.41 | 182.54 | 202.88 | 218.25 | 231.54 | 271.86 | 313.45 |
| Change (%) | -27.42% | -16.36% | -7.04% | - | +6.09% | +24.56% | +43.62% |
| Change | -59.84 | -35.71 | -15.37 | - | +13.29 | +53.61 | +95.20 |
| Level | Intermediate | Major | Minor | - | Major | Intermediate | Major |
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 | 137.71 | 164.23 | 181.42 | 207.94 | 225.13 | 251.65 | 268.84 |
| Camarilla | 186.59 | 190.60 | 194.60 | 198.61 | 202.62 | 206.62 | 210.63 |
| Woodie | 133.05 | 161.90 | 176.76 | 205.61 | 220.47 | 249.32 | 264.18 |
| Fibonacci | 164.23 | 180.93 | 191.24 | 207.94 | 224.64 | 234.95 | 251.65 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 191.39 | 226.53 | 248.08 | 283.22 | 304.77 | 339.91 | 361.46 |
| Camarilla | 254.03 | 259.23 | 264.42 | 269.62 | 274.82 | 280.01 | 285.21 |
| Woodie | 184.59 | 223.13 | 241.28 | 279.82 | 297.97 | 336.51 | 354.66 |
| Fibonacci | 226.53 | 248.19 | 261.57 | 283.22 | 304.88 | 318.26 | 339.91 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 86.10 | 156.34 | 222.64 | 292.88 | 359.18 | 429.42 | 495.72 |
| Camarilla | 251.39 | 263.91 | 276.42 | 288.94 | 301.46 | 313.97 | 326.49 |
| Woodie | 84.13 | 155.36 | 220.67 | 291.90 | 357.21 | 428.44 | 493.75 |
| Fibonacci | 156.34 | 208.50 | 240.72 | 292.88 | 345.04 | 377.26 | 429.42 |
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): | 61.49 | |
| MACD (12,26,9): | -0.4500 | |
| Directional Movement: | 7.70 | |
| AROON (14): | 35.72 | |
| DEMA (21): | 205.73 | |
| Parabolic SAR (0,02-0,02-0,2): | 195.04 | |
| Elder Ray (13): | 6.94 | |
| Super Trend (3,10): | 199.40 | |
| Zig ZAG (10): | 213.66 | |
| VORTEX (21): | 1.1500 | |
| Stochastique (14,3,5): | 83.51 | |
| TEMA (21): | 209.70 | |
| Williams %R (14): | -26.67 | |
| Chande Momentum Oscillator (20): | 10.77 | |
| Repulse (5,40,3): | 1.3000 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.1900 | |
| Courbe Coppock: | 9.77 |
| MA7: | 240.26 | |
| MA20: | 278.13 | |
| MA50: | 273.13 | |
| MA100: | 233.01 | |
| MAexp7: | 210.44 | |
| MAexp20: | 207.40 | |
| MAexp50: | 213.27 | |
| MAexp100: | 227.14 | |
| Price / MA7: | -9.16% | |
| Price / MA20: | -21.53% | |
| Price / MA50: | -20.09% | |
| Price / MA100: | -6.33% | |
| Price / MAexp7: | +3.71% | |
| Price / MAexp20: | +5.23% | |
| Price / MAexp50: | +2.34% | |
| Price / MAexp100: | -3.91% |
This member declared not having a position on this financial instrument or a related financial instrument.
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