ETHEREUM - ETH/USD - 1H - Technical analysis published on 09/02/2019 (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:
Strongly bullish
Technical indicators
78%
0%
22%
My opinion
Bullish above 170.27 USD
My targets
183.49 USD (+5.76%)
188.82 USD (+8.84%)
My analysis
The bullish trend is currently very strong on Ethereum - ETH/USD. As long as the price remains above the support at 170.27 USD, you could try to benefit from the boom. The first bullish objective is located at 183.49 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 188.82 USD as an objective. Crossing it would then enable buyers to target 191.31 USD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
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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
The Ethereum - ETH/USD price is 173.49 USD. The price registered an increase of +1.42% on the session and was between 170.51 USD and 174.44 USD. This implies that the price is at +1.75% from its lowest and at -0.54% from its highest.170.51
174.44
173.49
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
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 this 1H chart of Ethereum - ETH/USD indicates that the overall trend is strongly bullish. The signals given by the moving averages are 85.71% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
An assessment of technical indicators shows a strong bullish signal.
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
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 158.86 | 165.79 | 170.27 | 173.49 | 183.49 | 188.82 | 191.31 |
| Change (%) | -8.43% | -4.44% | -1.86% | - | +5.76% | +8.84% | +10.27% |
| Change | -14.63 | -7.70 | -3.22 | - | +10.00 | +15.33 | +17.82 |
| Level | Intermediate | Intermediate | Minor | - | Intermediate | Intermediate | Intermediate |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 162.89 | 165.54 | 168.30 | 170.95 | 173.71 | 176.36 | 179.12 |
| Camarilla | 169.58 | 170.08 | 170.57 | 171.07 | 171.57 | 172.06 | 172.56 |
| Woodie | 162.96 | 165.57 | 168.37 | 170.98 | 173.78 | 176.39 | 179.19 |
| Fibonacci | 165.54 | 167.60 | 168.88 | 170.95 | 173.01 | 174.29 | 176.36 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 128.57 | 146.24 | 159.11 | 176.78 | 189.65 | 207.32 | 220.19 |
| Camarilla | 163.58 | 166.38 | 169.18 | 171.98 | 174.78 | 177.58 | 180.38 |
| Woodie | 126.17 | 145.04 | 156.71 | 175.58 | 187.25 | 206.12 | 217.79 |
| Fibonacci | 146.24 | 157.91 | 165.11 | 176.78 | 188.45 | 195.65 | 207.32 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 68.37 | 116.14 | 144.06 | 191.83 | 219.75 | 267.52 | 295.44 |
| Camarilla | 151.17 | 158.10 | 165.04 | 171.98 | 178.92 | 185.86 | 192.80 |
| Woodie | 58.45 | 111.18 | 134.14 | 186.87 | 209.83 | 262.56 | 285.52 |
| Fibonacci | 116.14 | 145.05 | 162.92 | 191.83 | 220.74 | 238.61 | 267.52 |
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): | 57.39 | |
| MACD (12,26,9): | 0.5400 | |
| Directional Movement: | 15.01 | |
| AROON (14): | 42.86 | |
| DEMA (21): | 172.41 | |
| Parabolic SAR (0,02-0,02-0,2): | 169.89 | |
| Elder Ray (13): | 1.07 | |
| Super Trend (3,10): | 170.81 | |
| Zig ZAG (10): | 172.97 | |
| VORTEX (21): | 1.1600 | |
| Stochastique (14,3,5): | 70.48 | |
| TEMA (21): | 172.95 | |
| Williams %R (14): | -29.01 | |
| Chande Momentum Oscillator (20): | 1.71 | |
| Repulse (5,40,3): | 0.4000 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0300 | |
| Courbe Coppock: | 1.67 |
| MA7: | 173.26 | |
| MA20: | 184.46 | |
| MA50: | 204.16 | |
| MA100: | 240.31 | |
| MAexp7: | 172.52 | |
| MAexp20: | 171.77 | |
| MAexp50: | 171.17 | |
| MAexp100: | 172.08 | |
| Price / MA7: | +0.13% | |
| Price / MA20: | -5.95% | |
| Price / MA50: | -15.02% | |
| Price / MA100: | -27.81% | |
| Price / MAexp7: | +0.56% | |
| Price / MAexp20: | +1.00% | |
| Price / MAexp50: | +1.36% | |
| Price / MAexp100: | +0.82% |
This member declared not having a position on this financial instrument or a related financial instrument.
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