ETHEREUM - ETH/USDT - Daily - Technical analysis published on 12/07/2024 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
78%
6%
17%
My opinion
Bullish above 3,894.17 USDT
My targets
4,174.88 USDT (+4.19%)
4,646.01 USDT (+15.95%)
My analysis
The bullish trend is currently very strong on ETHEREUM - ETH/USDT. As long as the price remains above the support at 3,894.17 USDT, you could try to benefit from the boom. The first bullish objective is located at 4,174.88 USDT. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 4,646.01 USDT as an objective. Crossing it would then enable buyers to target 5,553.50 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.
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
8.4
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This analysis was given by Hoodor1337. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The ETHEREUM - ETH/USDT rating is 4,006.82 USDT. On the day, this instrument gained +0.20% and was between 3,968.68 USDT and 4,024.03 USDT. This implies that the price is at +0.96% from its lowest and at -0.43% from its highest.3,968.68
4,024.03
4,006.82
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of ETHEREUM - ETH/USDT indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, 14 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : Daily
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Horizontal resistance is broken
Type : Bullish
Timeframe : Daily
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
Price
| S3 | S2 | S1 | Price | R1 | |
|---|---|---|---|---|---|
| ProTrendLines | 3,367.75 | 3,531.03 | 3,894.17 | 4,006.82 | 4,064.95 |
| Change (%) | -15.95% | -11.87% | -2.81% | - | +1.45% |
| Change | -639.07 | -475.79 | -112.65 | - | +58.13 |
| Level | Intermediate | Intermediate | Intermediate | - | Major |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3,513.64 | 3,646.01 | 3,822.49 | 3,954.86 | 4,131.34 | 4,263.71 | 4,440.19 |
| Camarilla | 3,914.03 | 3,942.34 | 3,970.65 | 3,998.96 | 4,027.27 | 4,055.58 | 4,083.89 |
| Woodie | 3,535.69 | 3,657.04 | 3,844.54 | 3,965.89 | 4,153.39 | 4,274.74 | 4,462.24 |
| Fibonacci | 3,646.01 | 3,763.99 | 3,836.88 | 3,954.86 | 4,072.84 | 4,145.73 | 4,263.71 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2,905.96 | 3,079.42 | 3,391.59 | 3,565.05 | 3,877.22 | 4,050.68 | 4,362.85 |
| Camarilla | 3,570.20 | 3,614.72 | 3,659.23 | 3,703.75 | 3,748.27 | 3,792.78 | 3,837.30 |
| Woodie | 2,975.31 | 3,114.10 | 3,460.94 | 3,599.73 | 3,946.57 | 4,085.36 | 4,432.20 |
| Fibonacci | 3,079.42 | 3,264.93 | 3,379.54 | 3,565.05 | 3,750.56 | 3,865.17 | 4,050.68 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,417.64 | 1,888.77 | 2,796.26 | 3,267.39 | 4,174.88 | 4,646.01 | 5,553.50 |
| Camarilla | 3,324.63 | 3,451.00 | 3,577.38 | 3,703.75 | 3,830.12 | 3,956.50 | 4,082.87 |
| Woodie | 1,635.82 | 1,997.86 | 3,014.44 | 3,376.48 | 4,393.06 | 4,755.10 | 5,771.68 |
| Fibonacci | 1,888.77 | 2,415.40 | 2,740.76 | 3,267.39 | 3,794.02 | 4,119.38 | 4,646.01 |
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): | 72.11 | |
| MACD (12,26,9): | 240.2900 | |
| Directional Movement: | 23.55 | |
| AROON (14): | 71.43 | |
| DEMA (21): | 3,879.36 | |
| Parabolic SAR (0,02-0,02-0,2): | 3,685.87 | |
| Elder Ray (13): | 300.67 | |
| Super Trend (3,10): | 3,430.61 | |
| Zig ZAG (10): | 3,994.37 | |
| VORTEX (21): | 1.2200 | |
| Stochastique (14,3,5): | 84.75 | |
| TEMA (21): | 3,954.19 | |
| Williams %R (14): | -10.95 | |
| Chande Momentum Oscillator (20): | 581.12 | |
| Repulse (5,40,3): | 4.8600 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 1.0000 | |
| Courbe Coppock: | 33.10 |
| MA7: | 3,797.85 | |
| MA20: | 3,532.85 | |
| MA50: | 3,070.91 | |
| MA100: | 2,771.20 | |
| MAexp7: | 3,825.29 | |
| MAexp20: | 3,568.83 | |
| MAexp50: | 3,213.34 | |
| MAexp100: | 3,009.43 | |
| Price / MA7: | +5.50% | |
| Price / MA20: | +13.42% | |
| Price / MA50: | +30.48% | |
| Price / MA100: | +44.59% | |
| Price / MAexp7: | +4.75% | |
| Price / MAexp20: | +12.27% | |
| Price / MAexp50: | +24.69% | |
| Price / MAexp100: | +33.14% |
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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