ETHEREUM - ETH/USD

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- Real time data - Cryptocompare

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Type:	Cryptocurrencies
Ticker:	ETHUSD
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ETHEREUM - ETH/USD - Daily - Technical analysis published on 09/17/2019 (GMT)

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Timeframe : Daily
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Summary of the analysis

Trends

Court terme: Strongly bullish

De fond: Slightly bullish

Technical indicators

72%

28%

My opinion

Bullish above 191.31 USD

My targets

232.25 USD (+10.33%)

271.04 USD (+28.76%)

My analysis

The strong short-term increase for Ethereum - ETH/USD reinforces the current slightly bullish trend. As long as the price remains above 191.31 USD, you could take advantage of this bullish acceleration. The first bullish objective is located at 232.25 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 271.04 USD as an objective. Crossing it would then enable buyers to target 334.17 USD. A return to 191.31 USD would be a sign of a possible correction of short-term bullish excesses. In this case, you could stay away while waiting for signals indicating a reversal of the trend.

In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.

FORCE

4.8

Comment on the analysis

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 rating is 210.50 USD. On the day, this instrument gained +6.41% with the lowest point at 196.10 USD and the highest point at 211.51 USD. The deviation from the price is +7.34% for the low point and -0.48% for the high point.

196.10

211.51

210.50

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.

Bearish opening

Type : Bearish

Timeframe : Openning

So that you have an overall view of the price change, here is a table showing the variations over several periods:

Technical

Technical analysis of Ethereum - ETH/USD in Daily shows an overall slightly bullish trend. Only 57.14% of the signals given by moving averages are bullish. This slightly bullish trend is reinforced by the strong signals currently being given by short-term moving averages. An assessment of moving averages reveals several bullish signals that could impact this trend:

Bullish trend reversal : adaptative moving average 50

Type : Bullish

Timeframe : Daily

Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : Daily

Bullish price crossover with Moving Average 50

Type : Bullish

Timeframe : Daily

Bullish price crossover with adaptative moving average 20

Type : Bullish

Timeframe : Daily

Bullish price crossover with adaptative moving average 50

Type : Bullish

Timeframe : Daily

An assessment of technical indicators shows a strong bullish signal.
Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Previous candle closed under Bollinger bands

Type : Neutral

Timeframe : Daily

RSI indicator: bullish divergence

Type : Bullish

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Daily

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Weekly

RSI indicator is back over 50

Type : Bullish

Timeframe : Daily

Parabolic SAR indicator bullish reversal

Type : Bullish

Timeframe : Daily

Aroon indicator bullish trend

Type : Bullish

Timeframe : Daily

SuperTrend indicator bullish reversal

Type : Bullish

Timeframe : Daily

Momentum indicator is back over 0

Type : Bullish

Timeframe : Daily

Williams %R indicator is back over -50

Type : Bullish

Timeframe : Daily

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

Near horizontal resistance

Type : Bearish

Timeframe : Daily

Resistance of channel is broken

Type : Bullish

Timeframe : Daily

The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:

Abandoned baby morning star

Type : Bullish

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	132.38	152.13	191.31	210.50	232.25	271.04	334.17
Change (%)	-37.11%	-27.73%	-9.12%	-	+10.33%	+28.76%	+58.75%
Change	-78.12	-58.37	-19.19	-	+21.75	+60.54	+123.67
Level	Minor	Minor	Major	-	Major	Minor	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	179.97	184.29	191.05	195.37	202.13	206.45	213.21
Camarilla	194.77	195.79	196.80	197.82	198.84	199.85	200.87
Woodie	181.20	184.90	192.28	195.98	203.36	207.06	214.44
Fibonacci	184.29	188.52	191.13	195.37	199.60	202.21	206.45

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	164.57	169.63	179.14	184.20	193.71	198.77	208.28
Camarilla	184.64	185.98	187.31	188.65	189.99	191.32	192.66
Woodie	166.80	170.74	181.37	185.31	195.94	199.88	210.51
Fibonacci	169.63	175.20	178.63	184.20	189.77	193.20	198.77

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	160.79	152.56	171.00	162.77	181.21	172.98	191.42
Camarilla	186.64	187.58	188.51	189.45	190.39	191.32	192.26
Woodie	174.14	159.23	184.35	169.44	194.56	179.65	204.77
Fibonacci	152.56	156.46	158.87	162.77	166.67	169.08	172.98

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):	60.03
MACD (12,26,9):	-0.3000
Directional Movement:	9.33
AROON (14):	14.29
DEMA (21):	181.19
Parabolic SAR (0,02-0,02-0,2):	144.32
Elder Ray (13):	19.53
Super Trend (3,10):	156.29
Zig ZAG (10):	210.90
VORTEX (21):	1.0700
Stochastique (14,3,5):	67.16
TEMA (21):	188.32
Williams %R (14):	-1.24
Chande Momentum Oscillator (20):	41.31
Repulse (5,40,3):	10.0100
ROCnROLL:	1
TRIX (15,9):	-0.3000
Courbe Coppock:	12.91

MA7:	185.05
MA20:	179.14
MA50:	192.88
MA100:	228.35
MAexp7:	187.83
MAexp20:	183.87
MAexp50:	194.34
MAexp100:	205.69
Price / MA7:	+13.75%
Price / MA20:	+17.51%
Price / MA50:	+9.14%
Price / MA100:	-7.82%
Price / MAexp7:	+12.07%
Price / MAexp20:	+14.48%
Price / MAexp50:	+8.32%
Price / MAexp100:	+2.34%

This member declared not having a position on this financial instrument or a related financial instrument.

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