ETHEREUM - ETH/USD - 1H - Technical analysis published on 06/10/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
56%
6%
39%
My opinion
Bullish above 238.16 USD
My targets
246.62 USD (+0.95%)
253.30 USD (+3.69%)
My analysis
The bullish trend is currently very strong on ETHEREUM - ETH/USD. As long as the price remains above the support at 238.16 USD, you could try to benefit from the boom. The first bullish objective is located at 246.62 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 253.30 USD as an objective. Crossing it would then enable buyers to target 285.66 USD. 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, 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
6.6
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Additional analysis
Quotes
ETHEREUM - ETH/USD rating 244.29 USD. The price registered an increase of +0.19% on the session and was traded between 243.57 USD and 244.29 USD over the period. The price is currently at +0.30% from its lowest and 0% from its highest.243.57
244.29
244.29
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of ETHEREUM - ETH/USD in 1H shows a strongly overall bullish trend. 82.14% 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, 10 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
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 resistance of triangle
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 225.70 | 235.06 | 238.16 | 244.29 | 244.37 | 246.62 | 253.30 |
| Change (%) | -7.61% | -3.78% | -2.51% | - | +0.03% | +0.95% | +3.69% |
| Change | -18.59 | -9.23 | -6.13 | - | +0.08 | +2.33 | +9.01 |
| Level | Minor | Intermediate | Minor | - | Intermediate | Minor | Intermediate |
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 | 227.89 | 233.50 | 238.67 | 244.28 | 249.45 | 255.06 | 260.23 |
| Camarilla | 240.88 | 241.86 | 242.85 | 243.84 | 244.83 | 245.82 | 246.80 |
| Woodie | 227.67 | 233.39 | 238.45 | 244.17 | 249.23 | 254.95 | 260.01 |
| Fibonacci | 233.50 | 237.62 | 240.16 | 244.28 | 248.40 | 250.94 | 255.06 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 199.82 | 212.76 | 227.42 | 240.36 | 255.02 | 267.96 | 282.62 |
| Camarilla | 234.49 | 237.02 | 239.55 | 242.08 | 244.61 | 247.14 | 249.67 |
| Woodie | 200.68 | 213.19 | 228.28 | 240.79 | 255.88 | 268.39 | 283.48 |
| Fibonacci | 212.76 | 223.30 | 229.82 | 240.36 | 250.90 | 257.42 | 267.96 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 119.58 | 148.07 | 189.84 | 218.33 | 260.10 | 288.59 | 330.36 |
| Camarilla | 212.28 | 218.72 | 225.16 | 231.60 | 238.04 | 244.48 | 250.92 |
| Woodie | 126.21 | 151.39 | 196.47 | 221.65 | 266.73 | 291.91 | 336.99 |
| Fibonacci | 148.07 | 174.91 | 191.49 | 218.33 | 245.17 | 261.75 | 288.59 |
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): | 53.10 | |
| MACD (12,26,9): | 0.2100 | |
| Directional Movement: | -5.68 | |
| AROON (14): | 21.43 | |
| DEMA (21): | 243.89 | |
| Parabolic SAR (0,02-0,02-0,2): | 245.88 | |
| Elder Ray (13): | 0.07 | |
| Super Trend (3,10): | 242.46 | |
| Zig ZAG (10): | 243.80 | |
| VORTEX (21): | 1.0200 | |
| Stochastique (14,3,5): | 63.68 | |
| TEMA (21): | 244.04 | |
| Williams %R (14): | -27.36 | |
| Chande Momentum Oscillator (20): | 1.02 | |
| Repulse (5,40,3): | 0.4800 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0100 | |
| Courbe Coppock: | 0.58 |
| MA7: | 243.73 | |
| MA20: | 228.90 | |
| MA50: | 212.64 | |
| MA100: | 185.36 | |
| MAexp7: | 244.15 | |
| MAexp20: | 243.65 | |
| MAexp50: | 243.24 | |
| MAexp100: | 242.70 | |
| Price / MA7: | +0.23% | |
| Price / MA20: | +6.72% | |
| Price / MA50: | +14.88% | |
| Price / MA100: | +31.79% | |
| Price / MAexp7: | +0.06% | |
| Price / MAexp20: | +0.26% | |
| Price / MAexp50: | +0.43% | |
| Price / MAexp100: | +0.66% |
Quotes :
2020-06-10 00:26:00
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Real time data
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