ETHEREUM - ETH/USD - 1H - Technical analysis published on 07/27/2019 (GMT)
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- Timeframe : 1H
- - Analysis generated on
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Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
67%
0%
33%
My opinion
Bullish above 219.12 USD
My targets
222.31 USD (+0.71%)
225.83 USD (+2.30%)
My analysis
Ethereum - ETH/USD is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 219.12 USD. The next resistance located at 222.31 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 225.83 USD. After this resistance, buyers could then target 230.64 USD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
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
Ethereum - ETH/USD rating 220.75 USD. On the day, this instrument gained +0.38% with the lowest point at 219.01 USD and the highest point at 224.01 USD. The deviation from the price is +0.79% for the low point and -1.46% for the high point.219.01
224.01
220.75
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:
Technical
A technical analysis in 1H of this Ethereum - ETH/USD chart shows a strongly bullish trend. 89.29% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by 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 shows a moderate bullish signal.
Caution: the Central Indicators scanner currently detects an excess:
Previous candle closed over Bollinger bands
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 208.47 | 214.62 | 219.12 | 220.75 | 222.31 | 225.83 | 230.64 |
| Change (%) | -5.56% | -2.78% | -0.74% | - | +0.71% | +2.30% | +4.48% |
| Change | -12.28 | -6.13 | -1.63 | - | +1.56 | +5.08 | +9.89 |
| Level | Minor | Intermediate | Intermediate | - | Minor | 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 | 204.31 | 209.98 | 214.49 | 220.16 | 224.67 | 230.34 | 234.85 |
| Camarilla | 216.20 | 217.13 | 218.07 | 219.00 | 219.93 | 220.87 | 221.80 |
| Woodie | 203.73 | 209.69 | 213.91 | 219.87 | 224.09 | 230.05 | 234.27 |
| Fibonacci | 209.98 | 213.87 | 216.27 | 220.16 | 224.05 | 226.45 | 230.34 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 110.95 | 150.85 | 189.85 | 229.75 | 268.75 | 308.65 | 347.65 |
| Camarilla | 207.15 | 214.39 | 221.62 | 228.85 | 236.08 | 243.32 | 250.55 |
| Woodie | 110.50 | 150.63 | 189.40 | 229.53 | 268.30 | 308.43 | 347.20 |
| Fibonacci | 150.85 | 180.99 | 199.61 | 229.75 | 259.89 | 278.51 | 308.65 |
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 the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 52.11 | |
| MACD (12,26,9): | 0.2900 | |
| Directional Movement: | -4.03 | |
| AROON (14): | 42.85 | |
| DEMA (21): | 218.17 | |
| Parabolic SAR (0,02-0,02-0,2): | 215.17 | |
| Elder Ray (13): | 0.48 | |
| Super Trend (3,10): | 214.72 | |
| Zig ZAG (10): | 218.72 | |
| VORTEX (21): | 1.1700 | |
| Stochastique (14,3,5): | 65.38 | |
| TEMA (21): | 218.46 | |
| Williams %R (14): | -32.72 | |
| Chande Momentum Oscillator (20): | 1.72 | |
| Repulse (5,40,3): | 0.1600 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0100 | |
| Courbe Coppock: | 2.46 |
| MA7: | 219.68 | |
| MA20: | 244.00 | |
| MA50: | 266.48 | |
| MA100: | 237.71 | |
| MAexp7: | 218.48 | |
| MAexp20: | 217.86 | |
| MAexp50: | 217.47 | |
| MAexp100: | 217.31 | |
| Price / MA7: | +0.49% | |
| Price / MA20: | -9.53% | |
| Price / MA50: | -17.16% | |
| Price / MA100: | -7.13% | |
| Price / MAexp7: | +1.04% | |
| Price / MAexp20: | +1.33% | |
| Price / MAexp50: | +1.51% | |
| Price / MAexp100: | +1.58% |
This member declared not having a position on this financial instrument or a related financial instrument.
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