ETHEREUM - ETH/USDT - 1H - Technical analysis published on 10/14/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
61%
6%
33%
My opinion
Bullish above 2,521.05 USDT
My targets
2,743.62 USDT (+4.43%)
2,882.08 USDT (+9.70%)
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/USDT as long as the price remains well above 2,521.05 USDT. The buyers' bullish objective is set at 2,743.62 USDT. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 2,882.08 USDT. If there is any crossing, the next objective would be the resistance located at 3,243.67 USDT. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
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
7.9
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Additional analysis
Quotes
The ETHEREUM - ETH/USDT price is 2,627.23 USDT. On the day, this instrument gained +6.42% and was between 2,443.62 USDT and 2,642.20 USDT. This implies that the price is at +7.51% from its lowest and at -0.57% from its highest.2,443.62
2,642.20
2,627.23
A study of price movements over other periods shows the following variations:
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this ETHEREUM - ETH/USDT chart shows a strongly bullish trend. 92.86% 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.
In fact, according to the parameters integrated into the Central Analyzer system, 11 technical indicators out of 18 analysed are currently bullish. The Central Indicators scanner found this result concerning these indicators:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:
Bullish harami
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 2,457.54 | 2,472.48 | 2,521.05 | 2,627.23 | 2,882.08 | 3,243.67 | 3,526.48 |
| Change (%) | -6.46% | -5.89% | -4.04% | - | +9.70% | +23.46% | +34.23% |
| Change | -169.69 | -154.75 | -106.18 | - | +254.85 | +616.44 | +899.25 |
| Level | Minor | Major | Minor | - | Major | 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 | 2,393.83 | 2,415.25 | 2,442.05 | 2,463.47 | 2,490.27 | 2,511.69 | 2,538.49 |
| Camarilla | 2,455.60 | 2,460.02 | 2,464.44 | 2,468.86 | 2,473.28 | 2,477.70 | 2,482.12 |
| Woodie | 2,396.53 | 2,416.60 | 2,444.75 | 2,464.82 | 2,492.97 | 2,513.04 | 2,541.19 |
| Fibonacci | 2,415.25 | 2,433.67 | 2,445.05 | 2,463.47 | 2,481.89 | 2,493.27 | 2,511.69 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2,175.63 | 2,253.67 | 2,364.96 | 2,443.00 | 2,554.29 | 2,632.33 | 2,743.62 |
| Camarilla | 2,424.17 | 2,441.53 | 2,458.89 | 2,476.24 | 2,493.60 | 2,510.95 | 2,528.31 |
| Woodie | 2,192.25 | 2,261.98 | 2,381.58 | 2,451.31 | 2,570.91 | 2,640.64 | 2,760.24 |
| Fibonacci | 2,253.67 | 2,326.00 | 2,370.68 | 2,443.00 | 2,515.33 | 2,560.01 | 2,632.33 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,683.02 | 1,917.15 | 2,259.68 | 2,493.81 | 2,836.34 | 3,070.47 | 3,413.00 |
| Camarilla | 2,443.62 | 2,496.48 | 2,549.34 | 2,602.20 | 2,655.06 | 2,707.92 | 2,760.78 |
| Woodie | 1,737.21 | 1,944.25 | 2,313.87 | 2,520.91 | 2,890.53 | 3,097.57 | 3,467.19 |
| Fibonacci | 1,917.15 | 2,137.44 | 2,273.53 | 2,493.81 | 2,714.10 | 2,850.19 | 3,070.47 |
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): | 74.44 | |
| MACD (12,26,9): | 40.5600 | |
| Directional Movement: | 27.34 | |
| AROON (14): | 57.15 | |
| DEMA (21): | 2,620.62 | |
| Parabolic SAR (0,02-0,02-0,2): | 2,567.59 | |
| Elder Ray (13): | 30.64 | |
| Super Trend (3,10): | 2,559.41 | |
| Zig ZAG (10): | 2,627.66 | |
| VORTEX (21): | 1.3100 | |
| Stochastique (14,3,5): | 87.41 | |
| TEMA (21): | 2,642.38 | |
| Williams %R (14): | -13.22 | |
| Chande Momentum Oscillator (20): | 103.79 | |
| Repulse (5,40,3): | 0.2200 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.2000 | |
| Courbe Coppock: | 8.45 |
| MA7: | 2,458.45 | |
| MA20: | 2,495.22 | |
| MA50: | 2,465.95 | |
| MA100: | 2,720.95 | |
| MAexp7: | 2,614.73 | |
| MAexp20: | 2,570.23 | |
| MAexp50: | 2,519.22 | |
| MAexp100: | 2,484.72 | |
| Price / MA7: | +6.87% | |
| Price / MA20: | +5.29% | |
| Price / MA50: | +6.54% | |
| Price / MA100: | -3.44% | |
| Price / MAexp7: | +0.48% | |
| Price / MAexp20: | +2.22% | |
| Price / MAexp50: | +4.29% | |
| Price / MAexp100: | +5.74% |
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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