ETHEREUM - ETH/USD - 1H - Technical analysis published on 10/02/2019 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Court terme:
Bullish
De fond:
Strongly bullish
Technical indicators
61%
11%
28%
My opinion
Bullish above 173.66 USD
My targets
180.42 USD (+1.39%)
185.79 USD (+4.41%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on ETHEREUM - ETH/USD as long as the price remains well above 173.66 USD. The buyers” bullish objective is set at 180.42 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 185.79 USD. If there is any crossing, the next objective would be the resistance located at 198.61 USD. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible overbought items that could be a sign of a possible short-term correction.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
FORCE
0
10
6.3
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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 177.94 USD. The price has increased by +0.84% since the last closing and was between 174.13 USD and 178.86 USD. This implies that the price is at +2.19% from its lowest and at -0.51% from its highest.174.13
178.86
177.94
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of ETHEREUM - ETH/USD in 1H shows a strongly overall bullish trend. The signals given by moving averages are 82.14% bullish. This strongly bullish trend seems to be running out of steam given the signals being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, 11 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
RSI indicator is back over 50
Type : Bullish
Timeframe : 1 hour
MACD crosses UP its Moving Average
Type : Bullish
Timeframe : 1 hour
Parabolic SAR indicator bullish reversal
Type : Bullish
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.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 152.70 | 161.43 | 173.66 | 177.94 | 180.42 | 185.79 | 198.61 |
| Change (%) | -14.18% | -9.28% | -2.41% | - | +1.39% | +4.41% | +11.62% |
| Change | -25.24 | -16.51 | -4.28 | - | +2.48 | +7.85 | +20.67 |
| Level | Intermediate | Major | Minor | - | Major | Minor | Intermediate |
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 | 160.22 | 167.20 | 171.83 | 178.81 | 183.44 | 190.42 | 195.05 |
| Camarilla | 173.27 | 174.33 | 175.40 | 176.46 | 177.52 | 178.59 | 179.65 |
| Woodie | 159.05 | 166.61 | 170.66 | 178.22 | 182.27 | 189.83 | 193.88 |
| Fibonacci | 167.20 | 171.64 | 174.38 | 178.81 | 183.25 | 185.99 | 190.42 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 83.01 | 117.71 | 145.84 | 180.54 | 208.67 | 243.37 | 271.50 |
| Camarilla | 156.70 | 162.46 | 168.22 | 173.98 | 179.74 | 185.50 | 191.26 |
| Woodie | 79.74 | 116.07 | 142.57 | 178.90 | 205.40 | 241.73 | 268.23 |
| Fibonacci | 117.71 | 141.71 | 156.54 | 180.54 | 204.54 | 219.37 | 243.37 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 75.73 | 114.06 | 147.64 | 185.97 | 219.55 | 257.88 | 291.46 |
| Camarilla | 161.44 | 168.03 | 174.62 | 181.21 | 187.80 | 194.39 | 200.99 |
| Woodie | 73.35 | 112.87 | 145.26 | 184.78 | 217.17 | 256.69 | 289.08 |
| Fibonacci | 114.06 | 141.53 | 158.50 | 185.97 | 213.44 | 230.41 | 257.88 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 53.28 | |
| MACD (12,26,9): | -0.2600 | |
| Directional Movement: | 3.19 | |
| AROON (14): | 50.00 | |
| DEMA (21): | 176.47 | |
| Parabolic SAR (0,02-0,02-0,2): | 174.20 | |
| Elder Ray (13): | 1.32 | |
| Super Trend (3,10): | 180.32 | |
| Zig ZAG (10): | 178.06 | |
| VORTEX (21): | 0.9800 | |
| Stochastique (14,3,5): | 83.21 | |
| TEMA (21): | 176.19 | |
| Williams %R (14): | -15.64 | |
| Chande Momentum Oscillator (20): | 1.12 | |
| Repulse (5,40,3): | 0.9700 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0500 | |
| Courbe Coppock: | 0.74 |
| MA7: | 174.12 | |
| MA20: | 189.86 | |
| MA50: | 185.40 | |
| MA100: | 216.51 | |
| MAexp7: | 176.57 | |
| MAexp20: | 176.85 | |
| MAexp50: | 176.59 | |
| MAexp100: | 175.75 | |
| Price / MA7: | +2.19% | |
| Price / MA20: | -6.28% | |
| Price / MA50: | -4.02% | |
| Price / MA100: | -17.81% | |
| Price / MAexp7: | +0.78% | |
| Price / MAexp20: | +0.62% | |
| Price / MAexp50: | +0.76% | |
| Price / MAexp100: | +1.25% |
This member declared not having a position on this financial instrument or a related financial instrument.
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