ETHEREUM - ETH/USD
ETHEREUM - ETH/USD
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Type: Cryptocurrencies
Ticker: ETHUSD
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ETHEREUM - ETH/USD - 1H - Technical analysis published on 02/11/2020 (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: Bullish
Technical indicators
83%
6%
11%
My opinion
Bullish above 224.96 USD
My targets
232.72 USD (+1.56%)
241.00 USD (+5.17%)
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 224.96 USD. The buyers” bullish objective is set at 232.72 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 241.00 USD. If there is any crossing, the next objective would be the resistance located at 258.84 USD.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
FORCE
0
10
7.1

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:
15 min. Daily Weekly

Additional analysis

Quotes

ETHEREUM - ETH/USD rating 229.15 USD. The price has increased by +2.61% since the last closing and was traded between 217.70 USD and 230.71 USD over the period. The price is currently at +5.26% from its lowest and -0.68% from its highest.

217.70
230.71
229.15

The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



A study of price movements over other periods shows the following variations:
The study of the highest / lowest by the Central Records scanner shows the following results:

Central Records

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 ETHEREUM - ETH/USD in 1H shows an overall bullish trend. 78.57% of the signals given by moving averages are bullish. The overall trend is reinforced by the strong bullish signals from short-term moving averages. The Central Indicators scanner detects bearish signals on moving averages that could impact this trend:

Central Indicators

Bearish price crossover with Moving Average 50

Type : Bearish

Timeframe : 1 hour


Bearish price crossover with Moving Average 100

Type : Bearish

Timeframe : 1 hour


Bearish price crossover with adaptative moving average 20

Type : Bearish

Timeframe : 1 hour


Bearish price crossover with adaptative moving average 50

Type : Bearish

Timeframe : 1 hour



In fact, 15 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Central Indicators

MACD indicator is back over 0

Type : Bullish

Timeframe : 1 hour


Price is back over the pivot point

Type : Bullish

Timeframe : Weekly


Price is back under the pivot point

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:

Central Patterns

Horizontal support is broken

Type : Bearish

Timeframe : 1 hour



The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 216.60 220.79 224.96 229.15 232.72 334.69 499.06
Change (%) -5.48% -3.65% -1.83% - +1.56% +46.06% +117.79%
Change -12.55 -8.36 -4.19 - +3.57 +105.54 +269.91
Level Major Minor Intermediate - Major Minor Minor



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
Standard204.19210.44216.89223.14229.59235.84242.29
Camarilla219.84221.00222.17223.33224.49225.66226.82
Woodie204.28210.49216.98223.19229.68235.89242.38
Fibonacci210.44215.30218.29223.14228.00230.99235.84


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard143.62161.46192.31210.15241.00258.84289.69
Camarilla209.76214.22218.69223.15227.61232.08236.54
Woodie150.12164.71198.81213.40247.50262.09296.19
Fibonacci161.46180.06191.55210.15228.75240.24258.84


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard80.09102.77141.24163.92202.39225.07263.54
Camarilla162.89168.50174.11179.71185.32190.92196.53
Woodie87.99106.72149.14167.87210.29229.02271.44
Fibonacci102.77126.13140.56163.92187.28201.71225.07

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): 67.05
MACD (12,26,9): 0.5500
Directional Movement: 16.29
AROON (14): 78.57
DEMA (21): 222.45
Parabolic SAR (0,02-0,02-0,2): 218.86
Elder Ray (13): 3.10
Super Trend (3,10): 217.94
Zig ZAG (10): 227.92
VORTEX (21): 1.0300
Stochastique (14,3,5): 78.65
TEMA (21): 223.70
Williams %R (14): -11.01
Chande Momentum Oscillator (20): 9.09
Repulse (5,40,3): 3.2000
ROCnROLL: 1
TRIX (15,9): -0.0200
Courbe Coppock: 2.01
MA7: 220.45
MA20: 191.50
MA50: 163.42
MA100: 160.34
MAexp7: 223.74
MAexp20: 222.27
MAexp50: 222.45
MAexp100: 220.52
Price / MA7: +3.95%
Price / MA20: +19.66%
Price / MA50: +40.22%
Price / MA100: +42.92%
Price / MAexp7: +2.42%
Price / MAexp20: +3.10%
Price / MAexp50: +3.01%
Price / MAexp100: +3.91%

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

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