ETHEREUM - ETH/USDT - 1H - Technical analysis published on 05/18/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
50%
6%
44%
My opinion
Bullish above 3,041.44 USDT
My targets
3,119.55 USDT (+0.73%)
3,243.67 USDT (+4.74%)
My analysis
The bullish trend is currently very strong on ETHEREUM - ETH/USDT. As long as the price remains above the support at 3,041.44 USDT, you could try to benefit from the boom. The first bullish objective is located at 3,119.55 USDT. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 3,243.67 USDT as an objective. Crossing it would then enable buyers to target 3,694.92 USDT. 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.
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
7.5
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This analysis was given by mh572. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
ETHEREUM - ETH/USDT rating 3,096.83 USDT. The price registered an increase of +0.16% on the session and was between 3,086.18 USDT and 3,098.84 USDT. This implies that the price is at +0.35% from its lowest and at -0.06% from its highest.3,086.18
3,098.84
3,096.83
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
Technical analysis of ETHEREUM - ETH/USDT in 1H shows a strongly overall bullish trend. The signals given by the moving averages are 92.86% 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, only 9 technical indicators out of 18 studied are currently bullish. Other results related to technical indicators were also found by the Central Indicators scanner:
MACD crosses DOWN its Moving Average
Type : Bearish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 2,923.82 | 2,996.28 | 3,041.44 | 3,096.83 | 3,119.55 | 3,243.67 | 3,694.92 |
| Change (%) | -5.59% | -3.25% | -1.79% | - | +0.73% | +4.74% | +19.31% |
| Change | -173.01 | -100.55 | -55.39 | - | +22.72 | +146.84 | +598.09 |
| Level | Minor | Minor | Minor | - | Intermediate | Intermediate | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2,790.95 | 2,862.18 | 2,977.10 | 3,048.33 | 3,163.25 | 3,234.48 | 3,349.40 |
| Camarilla | 3,040.84 | 3,057.90 | 3,074.97 | 3,092.03 | 3,109.09 | 3,126.16 | 3,143.22 |
| Woodie | 2,812.81 | 2,873.10 | 2,998.96 | 3,059.25 | 3,185.11 | 3,245.40 | 3,371.26 |
| Fibonacci | 2,862.18 | 2,933.29 | 2,977.22 | 3,048.33 | 3,119.44 | 3,163.37 | 3,234.48 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2,447.21 | 2,663.69 | 2,788.08 | 3,004.56 | 3,128.95 | 3,345.43 | 3,469.82 |
| Camarilla | 2,818.74 | 2,849.99 | 2,881.23 | 2,912.48 | 2,943.73 | 2,974.97 | 3,006.22 |
| Woodie | 2,401.18 | 2,640.67 | 2,742.05 | 2,981.54 | 3,082.92 | 3,322.41 | 3,423.79 |
| Fibonacci | 2,663.69 | 2,793.90 | 2,874.34 | 3,004.56 | 3,134.77 | 3,215.21 | 3,345.43 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,804.33 | 2,332.58 | 2,673.38 | 3,201.63 | 3,542.43 | 4,070.68 | 4,411.48 |
| Camarilla | 2,775.19 | 2,854.85 | 2,934.52 | 3,014.18 | 3,093.84 | 3,173.51 | 3,253.17 |
| Woodie | 1,710.61 | 2,285.72 | 2,579.66 | 3,154.77 | 3,448.71 | 4,023.82 | 4,317.76 |
| Fibonacci | 2,332.58 | 2,664.56 | 2,869.65 | 3,201.63 | 3,533.61 | 3,738.70 | 4,070.68 |
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): | 66.23 | |
| MACD (12,26,9): | 29.2000 | |
| Directional Movement: | 17.48 | |
| AROON (14): | 42.86 | |
| DEMA (21): | 3,098.72 | |
| Parabolic SAR (0,02-0,02-0,2): | 3,113.61 | |
| Elder Ray (13): | 14.18 | |
| Super Trend (3,10): | 3,036.15 | |
| Zig ZAG (10): | 3,088.12 | |
| VORTEX (21): | 1.2800 | |
| Stochastique (14,3,5): | 71.46 | |
| TEMA (21): | 3,111.34 | |
| Williams %R (14): | -28.76 | |
| Chande Momentum Oscillator (20): | 11.81 | |
| Repulse (5,40,3): | 0.1400 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1500 | |
| Courbe Coppock: | 4.82 |
| MA7: | 2,988.71 | |
| MA20: | 3,018.55 | |
| MA50: | 3,173.55 | |
| MA100: | 3,248.84 | |
| MAexp7: | 3,087.65 | |
| MAexp20: | 3,060.98 | |
| MAexp50: | 3,019.14 | |
| MAexp100: | 2,990.66 | |
| Price / MA7: | +3.62% | |
| Price / MA20: | +2.59% | |
| Price / MA50: | -2.42% | |
| Price / MA100: | -4.68% | |
| Price / MAexp7: | +0.30% | |
| Price / MAexp20: | +1.17% | |
| Price / MAexp50: | +2.57% | |
| Price / MAexp100: | +3.55% |
Quotes :
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Real time data
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Cryptocompare
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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