ETHEREUM - ETH/USD - Daily - Technical analysis published on 02/03/2020 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
83%
6%
11%
My opinion
Bullish above 181.38 USD
My targets
206.92 USD (+9.75%)
220.79 USD (+17.11%)
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 181.38 USD. The next resistance located at 206.92 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 220.79 USD. After this resistance, buyers could then target 232.72 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 confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
FORCE
0
10
7.9
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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 188.54 USD. The price has increased by +0.11% since the last closing with the lowest point at 187.12 USD and the highest point at 195.14 USD. The deviation from the price is +0.76% for the low point and -3.38% for the high point.187.12
195.14
188.54
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
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 Daily of this ETHEREUM - ETH/USD chart shows a strongly bullish trend. 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. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, according to the parameters integrated into the Central Analyzer system, 15 technical indicators out of 18 analysed are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Horizontal resistance is broken
Type : Bullish
Timeframe : Daily
Resistance of channel is broken
Type : Bullish
Timeframe : Daily
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 | 144.83 | 159.37 | 181.38 | 188.54 | 191.40 | 206.92 | 220.79 |
| Change (%) | -23.18% | -15.47% | -3.80% | - | +1.52% | +9.75% | +17.11% |
| Change | -43.71 | -29.17 | -7.16 | - | +2.86 | +18.38 | +32.25 |
| Level | Minor | Major | Intermediate | - | Intermediate | 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 | 166.67 | 172.99 | 180.66 | 186.98 | 194.65 | 200.97 | 208.64 |
| Camarilla | 184.48 | 185.77 | 187.05 | 188.33 | 189.61 | 190.90 | 192.18 |
| Woodie | 167.35 | 173.33 | 181.34 | 187.32 | 195.33 | 201.31 | 209.32 |
| Fibonacci | 172.99 | 178.33 | 181.64 | 186.98 | 192.32 | 195.63 | 200.97 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 138.73 | 148.92 | 166.21 | 176.40 | 193.69 | 203.88 | 221.17 |
| Camarilla | 175.93 | 178.45 | 180.97 | 183.49 | 186.01 | 188.53 | 191.05 |
| Woodie | 142.27 | 150.70 | 169.75 | 178.18 | 197.23 | 205.66 | 224.71 |
| Fibonacci | 148.92 | 159.42 | 165.91 | 176.40 | 186.90 | 193.39 | 203.88 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 80.09 | 102.77 | 141.24 | 163.92 | 202.39 | 225.07 | 263.54 |
| Camarilla | 162.89 | 168.50 | 174.11 | 179.71 | 185.32 | 190.92 | 196.53 |
| Woodie | 87.99 | 106.72 | 149.14 | 167.87 | 210.29 | 229.02 | 271.44 |
| Fibonacci | 102.77 | 126.13 | 140.56 | 163.92 | 187.28 | 201.71 | 225.07 |
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): | 70.16 | |
| MACD (12,26,9): | 9.7700 | |
| Directional Movement: | 26.07 | |
| AROON (14): | 71.43 | |
| DEMA (21): | 183.75 | |
| Parabolic SAR (0,02-0,02-0,2): | 164.23 | |
| Elder Ray (13): | 14.71 | |
| Super Trend (3,10): | 164.10 | |
| Zig ZAG (10): | 187.57 | |
| VORTEX (21): | 1.2100 | |
| Stochastique (14,3,5): | 86.13 | |
| TEMA (21): | 188.07 | |
| Williams %R (14): | -18.51 | |
| Chande Momentum Oscillator (20): | 20.10 | |
| Repulse (5,40,3): | 2.2100 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.8300 | |
| Courbe Coppock: | 18.58 |
| MA7: | 181.97 | |
| MA20: | 172.05 | |
| MA50: | 149.37 | |
| MA100: | 157.72 | |
| MAexp7: | 181.97 | |
| MAexp20: | 171.34 | |
| MAexp50: | 160.27 | |
| MAexp100: | 161.99 | |
| Price / MA7: | +3.61% | |
| Price / MA20: | +9.58% | |
| Price / MA50: | +26.22% | |
| Price / MA100: | +19.54% | |
| Price / MAexp7: | +3.61% | |
| Price / MAexp20: | +10.04% | |
| Price / MAexp50: | +17.64% | |
| Price / MAexp100: | +16.39% |
This member declared not having a position on this financial instrument or a related financial instrument.
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