ETHEREUM - ETH/USD - 1H - Technical analysis published on 08/01/2019 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Court terme:
Neutral
De fond:
Bullish
Technical indicators
22%
50%
28%
My opinion
Bullish above 208.86 USD
My targets
214.94 USD (+0.72%)
218.10 USD (+2.20%)
My analysis
Has the basic bullish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bullish movement or a correction. Sellers” generally have the upper hand, even if a small correction (not tradeable) on the support located at 208.86 USD remains possible. It is advisable to trade Ethereum - ETH/USD with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 208.86 USD. The next bullish objective for buyers is set at 214.94 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 218.10 USD. If there is any crossing, the next objective would be the resistance located at 220.73 USD. PS: if there is a bearish break in the support located at 208.86 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.
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 213.41 USD. The price registered a decrease of -2.41% on the session and was traded between 210.99 USD and 219.16 USD over the period. The price is currently at +1.15% from its lowest and -2.62% from its highest.210.99
219.16
213.41
The Central Gaps scanner detects a bullish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of Ethereum - ETH/USD in 1H shows an overall bullish trend. 64.29% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by the short-term moving averages indicate that this bullish trend is showing signs of running out of steam. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, of the 18 technical indicators analysed by Central Analyzer, 4 are bullish, 5 are neutral and 9 are bearish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Resistance of triangle is broken
Type : Bullish
Timeframe : 1 hour
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:
White hanging man / hammer
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 198.61 | 204.28 | 208.86 | 213.41 | 214.94 | 218.10 | 220.73 |
| Change (%) | -6.94% | -4.28% | -2.13% | - | +0.72% | +2.20% | +3.43% |
| Change | -14.80 | -9.13 | -4.55 | - | +1.53 | +4.69 | +7.32 |
| Level | Major | Minor | Minor | - | Major | Intermediate | 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 | 203.20 | 206.41 | 212.54 | 215.75 | 221.88 | 225.09 | 231.22 |
| Camarilla | 216.11 | 216.97 | 217.82 | 218.68 | 219.54 | 220.39 | 221.25 |
| Woodie | 204.67 | 207.14 | 214.01 | 216.48 | 223.35 | 225.82 | 232.69 |
| Fibonacci | 206.41 | 209.98 | 212.18 | 215.75 | 219.32 | 221.52 | 225.09 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 165.90 | 183.28 | 195.21 | 212.59 | 224.52 | 241.90 | 253.83 |
| Camarilla | 199.09 | 201.78 | 204.46 | 207.15 | 209.84 | 212.52 | 215.21 |
| Woodie | 163.19 | 181.92 | 192.50 | 211.23 | 221.81 | 240.54 | 251.12 |
| Fibonacci | 183.28 | 194.47 | 201.39 | 212.59 | 223.78 | 230.70 | 241.90 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 39.21 | 114.98 | 166.83 | 242.60 | 294.45 | 370.22 | 422.07 |
| Camarilla | 183.58 | 195.28 | 206.98 | 218.68 | 230.38 | 242.08 | 253.78 |
| Woodie | 27.25 | 109.00 | 154.87 | 236.62 | 282.49 | 364.24 | 410.11 |
| Fibonacci | 114.98 | 163.73 | 193.85 | 242.60 | 291.35 | 321.47 | 370.22 |
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): | 44.72 | |
| MACD (12,26,9): | 0.0400 | |
| Directional Movement: | -11.75 | |
| AROON (14): | -7.14 | |
| DEMA (21): | 214.89 | |
| Parabolic SAR (0,02-0,02-0,2): | 218.38 | |
| Elder Ray (13): | -1.02 | |
| Super Trend (3,10): | 217.39 | |
| Zig ZAG (10): | 213.10 | |
| VORTEX (21): | 0.9700 | |
| Stochastique (14,3,5): | 27.46 | |
| TEMA (21): | 214.35 | |
| Williams %R (14): | -73.81 | |
| Chande Momentum Oscillator (20): | -2.39 | |
| Repulse (5,40,3): | 0.1400 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0500 | |
| Courbe Coppock: | 1.77 |
| MA7: | 212.82 | |
| MA20: | 219.53 | |
| MA50: | 262.28 | |
| MA100: | 240.09 | |
| MAexp7: | 213.86 | |
| MAexp20: | 214.48 | |
| MAexp50: | 213.38 | |
| MAexp100: | 212.66 | |
| Price / MA7: | +0.28% | |
| Price / MA20: | -2.79% | |
| Price / MA50: | -18.63% | |
| Price / MA100: | -11.11% | |
| Price / MAexp7: | -0.21% | |
| Price / MAexp20: | -0.50% | |
| Price / MAexp50: | +0.01% | |
| Price / MAexp100: | +0.35% |
This member declared not having a position on this financial instrument or a related financial instrument.
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