ETHEREUM - ETH/USD
ETHEREUM - ETH/USD
- USD (-)
- Real time data - CoinMarketCap
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Type: Cryptocurrencies
Ticker: ETHUSD
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ETHEREUM - ETH/USD - 1H - Technical analysis published on 07/29/2022 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : LEVEL MAINTAINED

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Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Strongly bullish
Technical indicators
50%
11%
39%
My opinion
Bullish above 1,674.48 USD
My targets
1,785.66 USD (+3.59%)
2,015.51 USD (+16.92%)
My analysis
ETHEREUM - ETH/USD 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 1,674.48 USD. The next resistance located at 1,785.66 USD is the next bullish objective 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 2,015.51 USD. After this resistance, buyers could then target 2,412.93 USD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.

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
7.3

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by ErnestMoney. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

The ETHEREUM - ETH/USD rating is 1,723.78 USD. The price is lower by -0.14% since the last closing with the lowest point at 1,657.40 USD and the highest point at 1,750.69 USD. The deviation from the price is +4.01% for the low point and -1.54% for the high point.

1,657.40
1,750.69
1,723.78

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



Here is a more detailed summary of the historical variations registered by ETHEREUM - ETH/USD:
The study of the highest / lowest by the Central Records scanner shows the following result:

Central Records

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


Technical analysis of this 1H chart of ETHEREUM - ETH/USD 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 scanner detects bullish signals on moving averages that could impact this trend:

Central Indicators

Bullish trend reversal : adaptative moving average 20

Type : Bullish

Timeframe : 1 hour


Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : 1 hour


Bullish price crossover with adaptative moving average 50

Type : Bullish

Timeframe : 1 hour



In fact, only 9 technical indicators out of 18 studied are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Other results related to technical indicators were also found by the Central Indicators scanner:

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly


Parabolic SAR indicator bullish reversal

Type : Bullish

Timeframe : 1 hour


Price is back over the pivot point

Type : Bullish

Timeframe : 1 hour


Momentum indicator is back over 0

Type : Bullish

Timeframe : 1 hour



Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 1,488.96 1,585.14 1,674.48 1,723.78 1,785.66 2,412.93 2,981.41
Change (%) -13.62% -8.04% -2.86% - +3.59% +39.98% +72.96%
Change -234.82 -138.64 -49.30 - +61.88 +689.15 +1,257.63
Level Minor Major Minor - Intermediate Intermediate Intermediate



Attention could also be paid to pivot points to set price objectives:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1,431.771,514.451,620.291,702.971,808.811,891.491,997.33
Camarilla1,674.281,691.561,708.841,726.121,743.401,760.681,777.96
Woodie1,443.341,520.241,631.861,708.761,820.381,897.282,008.90
Fibonacci1,514.451,586.471,630.961,702.971,774.991,819.481,891.49


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1,039.491,180.161,364.831,505.501,690.171,830.842,015.51
Camarilla1,460.041,489.861,519.691,549.511,579.331,609.161,638.98
Woodie1,061.501,191.161,386.841,516.501,712.181,841.842,037.52
Fibonacci1,180.161,304.441,381.221,505.501,629.781,706.561,830.84


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard-221.23329.77699.271,250.271,619.772,170.772,540.27
Camarilla815.62900.00984.381,068.761,153.141,237.521,321.90
Woodie-311.99284.40608.511,204.901,529.012,125.402,449.51
Fibonacci329.77681.40898.641,250.271,601.901,819.142,170.77

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): 58.03
MACD (12,26,9): 10.6600
Directional Movement: 7.84
AROON (14): -42.85
DEMA (21): 1,727.10
Parabolic SAR (0,02-0,02-0,2): 1,657.40
Elder Ray (13): 10.55
Super Trend (3,10): 1,650.52
Zig ZAG (10): 1,730.41
VORTEX (21): 0.9700
Stochastique (14,3,5): 45.99
TEMA (21): 1,708.66
Williams %R (14): -15.22
Chande Momentum Oscillator (20): 23.79
Repulse (5,40,3): 3.0700
ROCnROLL: 1
TRIX (15,9): 0.1600
Courbe Coppock: 2.56
MA7: 1,591.34
MA20: 1,421.43
MA50: 1,278.42
MA100: 1,769.39
MAexp7: 1,710.94
MAexp20: 1,707.79
MAexp50: 1,661.11
MAexp100: 1,608.53
Price / MA7: +8.32%
Price / MA20: +21.27%
Price / MA50: +34.84%
Price / MA100: -2.58%
Price / MAexp7: +0.75%
Price / MAexp20: +0.94%
Price / MAexp50: +3.77%
Price / MAexp100: +7.16%

Quotes : - Real time data - Cryptocompare

This member declared not having a position on this financial instrument or a related financial instrument.

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