ETHEREUM - ETH/USD - 1H - Technical analysis published on 03/23/2020 (GMT)
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- Timeframe : 1H
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Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Bullish
Technical indicators
72%
6%
22%
My opinion
Bullish above 133.90 USD
My targets
140.46 USD (+3.46%)
153.18 USD (+12.83%)
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 133.90 USD. The next resistance located at 140.46 USD is the next bullish target 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 153.18 USD. After this resistance, buyers could then target 160.56 USD.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
FORCE
0
10
6.1
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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 rating is 135.76 USD. On the day, this instrument gained +10.90% and was traded between 119.47 USD and 135.76 USD over the period. The price is currently at +13.64% from its lowest and 0% from its highest.119.47
135.76
135.76
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of ETHEREUM - ETH/USD in 1H shows an overall bullish trend. 71.43% of the signals given by moving averages are bullish. This 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.
In fact, 13 technical indicators on 18 studied are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
Aroon indicator bullish trend
Type : Bullish
Timeframe : 1 hour
SuperTrend indicator bullish reversal
Type : Bullish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
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 several results that can have an impact on the price change:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Support of channel 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 | 108.37 | 121.92 | 133.90 | 135.76 | 140.46 | 153.18 | 160.56 |
| Change (%) | -20.18% | -10.19% | -1.37% | - | +3.46% | +12.83% | +18.27% |
| Change | -27.39 | -13.84 | -1.86 | - | +4.70 | +17.42 | +24.80 |
| Level | Intermediate | Major | Major | - | Minor | Minor | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 100.29 | 110.70 | 116.56 | 126.97 | 132.83 | 143.24 | 149.10 |
| Camarilla | 117.95 | 119.44 | 120.93 | 122.42 | 123.91 | 125.40 | 126.89 |
| Woodie | 98.02 | 109.56 | 114.29 | 125.83 | 130.56 | 142.10 | 146.83 |
| Fibonacci | 110.70 | 116.92 | 120.76 | 126.97 | 133.19 | 137.03 | 143.24 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 52.84 | 76.97 | 104.91 | 129.04 | 156.98 | 181.11 | 209.05 |
| Camarilla | 118.52 | 123.29 | 128.07 | 132.84 | 137.61 | 142.39 | 147.16 |
| Woodie | 54.74 | 77.92 | 106.81 | 129.99 | 158.88 | 182.06 | 210.95 |
| Fibonacci | 76.97 | 96.86 | 109.15 | 129.04 | 148.93 | 161.22 | 181.11 |
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 is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 61.56 | |
| MACD (12,26,9): | -0.9700 | |
| Directional Movement: | 18.15 | |
| AROON (14): | 85.71 | |
| DEMA (21): | 123.76 | |
| Parabolic SAR (0,02-0,02-0,2): | 121.11 | |
| Elder Ray (13): | 3.04 | |
| Super Trend (3,10): | 118.38 | |
| Zig ZAG (10): | 131.91 | |
| VORTEX (21): | 0.9600 | |
| Stochastique (14,3,5): | 65.28 | |
| TEMA (21): | 124.60 | |
| Williams %R (14): | -7.01 | |
| Chande Momentum Oscillator (20): | 7.99 | |
| Repulse (5,40,3): | 8.5700 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.2000 | |
| Courbe Coppock: | 1.22 |
| MA7: | 127.75 | |
| MA20: | 161.33 | |
| MA50: | 209.11 | |
| MA100: | 178.78 | |
| MAexp7: | 125.82 | |
| MAexp20: | 125.39 | |
| MAexp50: | 127.72 | |
| MAexp100: | 128.15 | |
| Price / MA7: | +6.27% | |
| Price / MA20: | -15.85% | |
| Price / MA50: | -35.08% | |
| Price / MA100: | -24.06% | |
| Price / MAexp7: | +7.90% | |
| Price / MAexp20: | +8.27% | |
| Price / MAexp50: | +6.30% | |
| Price / MAexp100: | +5.94% |
This member declared not having a position on this financial instrument or a related financial instrument.
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