ETHEREUM - ETH/USD - 1H - Technical analysis published on 01/16/2020 (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
56%
17%
28%
My opinion
Bullish above 160.53 USD
My targets
165.87 USD (+1.97%)
171.61 USD (+5.50%)
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 160.53 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 160.53 USD. The next bullish objective for buyers is set at 165.87 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 171.61 USD. If there is any crossing, the next objective would be the resistance located at 188.94 USD. PS: if there is a bearish break in the support located at 160.53 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.
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
0
10
4.5
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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 162.66 USD. On the day, this instrument lost -2.18% with the lowest point at 158.68 USD and the highest point at 167.23 USD. The deviation from the price is +2.51% for the low point and -2.73% for the high point.158.68
167.23
162.66
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
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 HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of ETHEREUM - ETH/USD indicates that the overall trend is bullish. 75% 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. An assessment of moving averages reveals a bullish signal that could impact this trend:
Bullish price crossover with adaptative moving average 100
Type : Bullish
Timeframe : 1 hour
The technical indicators are bullish. There is still some doubt about the price increase.
But beware of excesses. The Central Indicators scanner currently detects this:
MACD indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Horizontal support is broken
Type : Bearish
Timeframe : 1 hour
Support of triangle is broken
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 142.12 | 147.84 | 160.53 | 162.66 | 165.87 | 171.61 | 188.94 |
| Change (%) | -12.63% | -9.11% | -1.31% | - | +1.97% | +5.50% | +16.16% |
| Change | -20.54 | -14.82 | -2.13 | - | +3.21 | +8.95 | +26.28 |
| Level | Intermediate | Minor | Minor | - | Major | Intermediate | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 147.12 | 153.09 | 159.68 | 165.65 | 172.24 | 178.21 | 184.80 |
| Camarilla | 162.83 | 163.98 | 165.13 | 166.28 | 167.43 | 168.58 | 169.73 |
| Woodie | 147.44 | 153.25 | 160.00 | 165.81 | 172.56 | 178.37 | 185.12 |
| Fibonacci | 153.09 | 157.89 | 160.85 | 165.65 | 170.45 | 173.41 | 178.21 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 121.07 | 127.48 | 135.04 | 141.45 | 149.01 | 155.42 | 162.98 |
| Camarilla | 138.75 | 140.03 | 141.31 | 142.59 | 143.87 | 145.15 | 146.43 |
| Woodie | 121.64 | 127.77 | 135.61 | 141.74 | 149.58 | 155.71 | 163.55 |
| Fibonacci | 127.48 | 132.82 | 136.12 | 141.45 | 146.79 | 150.09 | 155.42 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 76.77 | 96.67 | 112.68 | 132.58 | 148.59 | 168.49 | 184.50 |
| Camarilla | 118.81 | 122.10 | 125.39 | 128.68 | 131.97 | 135.26 | 138.56 |
| Woodie | 74.82 | 95.70 | 110.73 | 131.61 | 146.64 | 167.52 | 182.55 |
| Fibonacci | 96.67 | 110.39 | 118.87 | 132.58 | 146.30 | 154.78 | 168.49 |
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): | 50.28 | |
| MACD (12,26,9): | -0.2200 | |
| Directional Movement: | 1.03 | |
| AROON (14): | 64.28 | |
| DEMA (21): | 162.05 | |
| Parabolic SAR (0,02-0,02-0,2): | 159.06 | |
| Elder Ray (13): | 0.17 | |
| Super Trend (3,10): | 159.17 | |
| Zig ZAG (10): | 162.61 | |
| VORTEX (21): | 0.9600 | |
| Stochastique (14,3,5): | 42.76 | |
| TEMA (21): | 160.97 | |
| Williams %R (14): | -43.91 | |
| Chande Momentum Oscillator (20): | 2.53 | |
| Repulse (5,40,3): | 0.2400 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0300 | |
| Courbe Coppock: | 1.67 |
| MA7: | 153.20 | |
| MA20: | 141.02 | |
| MA50: | 140.21 | |
| MA100: | 158.57 | |
| MAexp7: | 161.99 | |
| MAexp20: | 162.22 | |
| MAexp50: | 160.82 | |
| MAexp100: | 156.55 | |
| Price / MA7: | +6.17% | |
| Price / MA20: | +15.35% | |
| Price / MA50: | +16.01% | |
| Price / MA100: | +2.58% | |
| Price / MAexp7: | +0.41% | |
| Price / MAexp20: | +0.27% | |
| Price / MAexp50: | +1.14% | |
| Price / MAexp100: | +3.90% |
This member declared not having a position on this financial instrument or a related financial instrument.
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