ETHEREUM - ETH/USDT - 15 min. - Technical analysis published on 10/16/2024 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Bullish
Technical indicators
11%
28%
61%
My opinion
Bullish above 2,611.11 USDT
My targets
2,683.36 USDT (+2.60%)
2,759.44 USDT (+5.51%)
My analysis
ETHEREUM - ETH/USDT 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 2,611.11 USDT. The next resistance located at 2,683.36 USDT 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 2,759.44 USDT. After this resistance, buyers could then target 2,831.69 USDT.
In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.
Force
0
10
4.1
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This analysis was given by waqassharif. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
ETHEREUM - ETH/USDT rating 2,615.36 USDT. The price registered an increase of +0.31% on the session and was between 2,588.93 USDT and 2,629.93 USDT. This implies that the price is at +1.02% from its lowest and at -0.55% from its highest.2,588.93
2,629.93
2,615.36
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 15 min. of this ETHEREUM - ETH/USDT chart shows a bullish trend. The signals returned by the moving averages are 78.57% bullish. This bullish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting several bearish and bullish signals that could impact this trend:
Bullish trend reversal : adaptative moving average 20
Type : Bullish
Timeframe : 15 minutes
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : 15 minutes
On the 18 technical indicators analysed, 2 are bullish, 11 are neutral and 5 are bearish. Other results related to technical indicators were also found by the Central Indicators scanner:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Ichimoku : price is over the cloud
Type : Bullish
Timeframe : 15 minutes
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:
Bearish harami
Type : Bearish
Timeframe : 15 minutes
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 2,436.17 | 2,472.26 | 2,574.26 | 2,615.36 | 2,623.27 | 2,653.63 | 2,687.19 |
| Change (%) | -6.85% | -5.47% | -1.57% | - | +0.30% | +1.46% | +2.75% |
| Change | -179.19 | -143.10 | -41.10 | - | +7.91 | +38.27 | +71.83 |
| Level | Minor | Major | Intermediate | - | Minor | 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 | 2,386.70 | 2,462.78 | 2,535.03 | 2,611.11 | 2,683.36 | 2,759.44 | 2,831.69 |
| Camarilla | 2,566.49 | 2,580.09 | 2,593.68 | 2,607.28 | 2,620.88 | 2,634.47 | 2,648.07 |
| Woodie | 2,384.79 | 2,461.82 | 2,533.12 | 2,610.15 | 2,681.45 | 2,758.48 | 2,829.78 |
| Fibonacci | 2,462.78 | 2,519.44 | 2,554.45 | 2,611.11 | 2,667.77 | 2,702.78 | 2,759.44 |
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 technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 53.91 | |
| MACD (12,26,9): | 4.3800 | |
| Directional Movement: | 1.96 | |
| AROON (14): | -64.28 | |
| DEMA (21): | 2,619.42 | |
| Parabolic SAR (0,02-0,02-0,2): | 2,627.52 | |
| Elder Ray (13): | -0.87 | |
| Super Trend (3,10): | 2,593.94 | |
| Zig ZAG (10): | 2,613.56 | |
| VORTEX (21): | 1.0500 | |
| Stochastique (14,3,5): | 40.70 | |
| TEMA (21): | 2,619.02 | |
| Williams %R (14): | -62.74 | |
| Chande Momentum Oscillator (20): | -15.09 | |
| Repulse (5,40,3): | 0.1700 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0400 | |
| Courbe Coppock: | 0.34 |
| MA7: | 2,517.34 | |
| MA20: | 2,495.84 | |
| MA50: | 2,467.69 | |
| MA100: | 2,713.68 | |
| MAexp7: | 2,614.32 | |
| MAexp20: | 2,612.69 | |
| MAexp50: | 2,605.90 | |
| MAexp100: | 2,600.06 | |
| Price / MA7: | +3.89% | |
| Price / MA20: | +4.79% | |
| Price / MA50: | +5.98% | |
| Price / MA100: | -3.62% | |
| Price / MAexp7: | +0.04% | |
| Price / MAexp20: | +0.10% | |
| Price / MAexp50: | +0.36% | |
| Price / MAexp100: | +0.59% |
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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