ETHEREUM - ETH/USD - 1H - Technical analysis published on 01/17/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
28%
33%
39%
My opinion
Bullish above 165.62 USD
My targets
168.77 USD (+0.63%)
171.61 USD (+2.32%)
My analysis
ETHEREUM - ETH/USD is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 165.62 USD. The next resistance located at 168.77 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 171.61 USD. After this resistance, buyers could then target 188.94 USD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
In the very short term, the general bullish sentiment is not called into question, despite technical indicators being indecisive.
FORCE
0
10
5.9
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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 167.72 USD. On the day, this instrument gained +2.13% with the lowest point at 162.04 USD and the highest point at 173.41 USD. The deviation from the price is +3.51% for the low point and -3.28% for the high point.162.04
173.41
167.72
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
Here is a more detailed summary of the historical variations registered by ETHEREUM - ETH/USD:
Technical
A technical analysis in 1H of this ETHEREUM - ETH/USD chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators scanner detects bearish signals on moving averages that could impact this trend:
Bearish trend reversal : adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 5 are bullish, 7 are neutral and 6 are bearish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Weekly
RSI indicator is back under 50
Type : Bearish
Timeframe : 1 hour
MACD crosses DOWN its Moving Average
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is back under -50
Type : Bearish
Timeframe : 1 hour
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Support of triangle is broken
Type : Bearish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 147.84 | 158.80 | 165.62 | 167.72 | 168.77 | 171.61 | 188.94 |
| Change (%) | -11.85% | -5.32% | -1.25% | - | +0.63% | +2.32% | +12.65% |
| Change | -19.88 | -8.92 | -2.10 | - | +1.05 | +3.89 | +21.22 |
| Level | Minor | Intermediate | Intermediate | - | 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 | 150.97 | 154.83 | 159.52 | 163.38 | 168.07 | 171.93 | 176.62 |
| Camarilla | 161.87 | 162.65 | 163.44 | 164.22 | 165.00 | 165.79 | 166.57 |
| Woodie | 151.40 | 155.04 | 159.95 | 163.59 | 168.50 | 172.14 | 177.05 |
| Fibonacci | 154.83 | 158.09 | 160.11 | 163.38 | 166.64 | 168.66 | 171.93 |
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 is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 53.55 | |
| MACD (12,26,9): | 1.2500 | |
| Directional Movement: | -3.35 | |
| AROON (14): | 50.00 | |
| DEMA (21): | 168.96 | |
| Parabolic SAR (0,02-0,02-0,2): | 172.85 | |
| Elder Ray (13): | -1.23 | |
| Super Trend (3,10): | 164.45 | |
| Zig ZAG (10): | 167.18 | |
| VORTEX (21): | 1.0600 | |
| Stochastique (14,3,5): | 38.07 | |
| TEMA (21): | 169.24 | |
| Williams %R (14): | -69.01 | |
| Chande Momentum Oscillator (20): | 2.25 | |
| Repulse (5,40,3): | -0.2900 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.1400 | |
| Courbe Coppock: | 5.00 |
| MA7: | 156.64 | |
| MA20: | 143.11 | |
| MA50: | 140.59 | |
| MA100: | 158.33 | |
| MAexp7: | 168.06 | |
| MAexp20: | 167.26 | |
| MAexp50: | 164.73 | |
| MAexp100: | 160.56 | |
| Price / MA7: | +7.07% | |
| Price / MA20: | +17.20% | |
| Price / MA50: | +19.30% | |
| Price / MA100: | +5.93% | |
| Price / MAexp7: | -0.20% | |
| Price / MAexp20: | +0.28% | |
| Price / MAexp50: | +1.82% | |
| Price / MAexp100: | +4.46% |
This member declared not having a position on this financial instrument or a related financial instrument.
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