ETHEREUM - ETH/USD - 1H - Technical analysis published on 03/19/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
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
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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
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.
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:
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
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:
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
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
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 |
---|---|---|---|---|---|---|---|
Standard | 104.63 | 107.48 | 113.01 | 115.86 | 121.39 | 124.24 | 129.77 |
Camarilla | 116.23 | 116.99 | 117.76 | 118.53 | 119.30 | 120.07 | 120.83 |
Woodie | 105.96 | 108.15 | 114.34 | 116.53 | 122.72 | 124.91 | 131.10 |
Fibonacci | 107.48 | 110.68 | 112.66 | 115.86 | 119.06 | 121.04 | 124.24 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | -82.03 | 3.98 | 63.12 | 149.13 | 208.27 | 294.28 | 353.42 |
Camarilla | 82.35 | 95.66 | 108.97 | 122.27 | 135.58 | 148.88 | 162.19 |
Woodie | -95.46 | -2.74 | 49.70 | 142.41 | 194.85 | 287.56 | 340.00 |
Fibonacci | 3.98 | 59.42 | 93.68 | 149.13 | 204.57 | 238.83 | 294.28 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 57.83 | 118.37 | 167.76 | 228.30 | 277.69 | 338.23 | 387.62 |
Camarilla | 186.91 | 196.99 | 207.06 | 217.14 | 227.22 | 237.29 | 247.37 |
Woodie | 52.25 | 115.58 | 162.18 | 225.51 | 272.11 | 335.44 | 382.04 |
Fibonacci | 118.37 | 160.37 | 186.31 | 228.30 | 270.30 | 296.24 | 338.23 |
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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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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