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 03/19/2020 (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
89%
0%
11%
My opinion
Bullish above 121.92 USD
My targets
134.12 USD (+3.74%)
149.13 USD (+15.35%)
My analysis
The bullish trend is currently very strong on ETHEREUM - ETH/USD. As long as the price remains above the support at 121.92 USD, you could try to benefit from the boom. The first bullish objective is located at 134.12 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 149.13 USD as an objective. Crossing it would then enable buyers to target 182.00 USD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

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
8.2

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 129.28 USD. The price is lower by +9.07% since the last closing and was between 115.84 USD and 129.61 USD. This implies that the price is at +11.60% from its lowest and at -0.25% from its highest.

115.84
129.61
129.28

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



Here is a more detailed summary of the historical variations registered by ETHEREUM - ETH/USD:

Technical


Technical analysis of ETHEREUM - ETH/USD in 1H shows a strongly overall bullish trend. 85.71% 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. There is no crossing of moving average by the price or crossing of moving averages between themselves.

The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : 1 hour


CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour


Previous candle closed over Bollinger bands

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Other results related to technical indicators were also found by the Central Indicators scanner:

Central Indicators

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : 1 hour


Price is back under the pivot point

Type : Bearish

Timeframe : Weekly



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

Support of triangle 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 89.98 108.37 121.92 129.28 134.12 182.00 192.05
Change (%) -30.40% -16.17% -5.69% - +3.74% +40.78% +48.55%
Change -39.30 -20.91 -7.36 - +4.84 +52.72 +62.77
Level Minor Major Major - Intermediate Minor Major



Attention could also be paid to pivot points to set price objectives:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard104.63107.48113.01115.86121.39124.24129.77
Camarilla116.23116.99117.76118.53119.30120.07120.83
Woodie105.96108.15114.34116.53122.72124.91131.10
Fibonacci107.48110.68112.66115.86119.06121.04124.24


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard-82.033.9863.12149.13208.27294.28353.42
Camarilla82.3595.66108.97122.27135.58148.88162.19
Woodie-95.46-2.7449.70142.41194.85287.56340.00
Fibonacci3.9859.4293.68149.13204.57238.83294.28


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard57.83118.37167.76228.30277.69338.23387.62
Camarilla186.91196.99207.06217.14227.22237.29247.37
Woodie52.25115.58162.18225.51272.11335.44382.04
Fibonacci118.37160.37186.31228.30270.30296.24338.23

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): 79.72
MACD (12,26,9): 2.3800
Directional Movement: 35.06
AROON (14): 64.29
DEMA (21): 122.46
Parabolic SAR (0,02-0,02-0,2): 118.17
Elder Ray (13): 5.92
Super Trend (3,10): 119.62
Zig ZAG (10): 128.09
VORTEX (21): 1.2600
Stochastique (14,3,5): 87.91
TEMA (21): 124.32
Williams %R (14): -8.93
Chande Momentum Oscillator (20): 10.56
Repulse (5,40,3): 4.9000
ROCnROLL: 1
TRIX (15,9): 0.1500
Courbe Coppock: 9.69
MA7: 122.32
MA20: 179.44
MA50: 213.26
MA100: 179.23
MAexp7: 123.57
MAexp20: 119.92
MAexp50: 118.00
MAexp100: 120.39
Price / MA7: +5.69%
Price / MA20: -27.95%
Price / MA50: -39.38%
Price / MA100: -27.87%
Price / MAexp7: +4.62%
Price / MAexp20: +7.81%
Price / MAexp50: +9.56%
Price / MAexp100: +7.38%

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

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