ETHEREUM - ETH/EUR - Weekly - Technical analysis published on 03/12/2024 (GMT)
- 149
- 0
Oops, I was wrong about that analysis. My threshold for invalidation has been broken.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : Weekly
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
94%
0%
6%
My opinion
Bullish above 3,442.61 EUR
My targets
4,150.46 EUR (+14.24%)
My analysis
The bullish trend is currently very strong on ETHEREUM - ETH/EUR. As long as the price remains above the support at 3,442.61 EUR, you could try to benefit from the boom. The first bullish objective is located at 4,150.46 EUR. The bullish momentum would be boosted by a break in this resistance. 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.
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
9.1
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 Pita. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The ETHEREUM - ETH/EUR rating is 3,633.20 EUR. Over 5 days, this instrument gained +3.64% with the lowest point at 3,473.08 EUR and the highest point at 3,743.66 EUR. The deviation from the price is +4.61% for the low point and -2.95% for the high point.3,473.08
3,743.66
3,633.20
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:
New HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of ETHEREUM - ETH/EUR in Weekly shows a strongly overall 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. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, according to the parameters integrated into the Central Analyzer system, 17 technical indicators out of 18 analysed are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:
RSI indicator is overbought : over 80
Type : Neutral
Timeframe : Weekly
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Weekly
Previous candle closed over Bollinger bands
Type : Neutral
Timeframe : Weekly
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:
Three white soldiers
Type : Bullish
Timeframe : Weekly
ProTrendLines
S3
S2
S1
R1
Price
| S3 | S2 | S1 | Price | R1 | |
|---|---|---|---|---|---|
| ProTrendLines | 1,449.48 | 1,930.55 | 3,442.61 | 3,633.20 | 4,150.46 |
| Change (%) | -60.10% | -46.86% | -5.25% | - | +14.24% |
| Change | -2,183.72 | -1,702.65 | -190.59 | - | +517.26 |
| Level | Major | Major | Major | - | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3,197.97 | 3,311.89 | 3,515.64 | 3,629.56 | 3,833.31 | 3,947.23 | 4,150.98 |
| Camarilla | 3,632.03 | 3,661.15 | 3,690.27 | 3,719.39 | 3,748.51 | 3,777.63 | 3,806.75 |
| Woodie | 3,242.89 | 3,334.35 | 3,560.56 | 3,652.02 | 3,878.23 | 3,969.69 | 4,195.90 |
| Fibonacci | 3,311.89 | 3,433.24 | 3,508.21 | 3,629.56 | 3,750.91 | 3,825.88 | 3,947.23 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2,423.35 | 2,684.09 | 3,130.79 | 3,391.53 | 3,838.23 | 4,098.97 | 4,545.67 |
| Camarilla | 3,382.93 | 3,447.78 | 3,512.63 | 3,577.48 | 3,642.33 | 3,707.18 | 3,772.03 |
| Woodie | 2,516.32 | 2,730.58 | 3,223.76 | 3,438.02 | 3,931.20 | 4,145.46 | 4,638.64 |
| Fibonacci | 2,684.09 | 2,954.34 | 3,121.29 | 3,391.53 | 3,661.78 | 3,828.73 | 4,098.97 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,204.75 | 1,638.46 | 2,365.74 | 2,799.45 | 3,526.73 | 3,960.44 | 4,687.72 |
| Camarilla | 2,773.75 | 2,880.17 | 2,986.60 | 3,093.02 | 3,199.44 | 3,305.87 | 3,412.29 |
| Woodie | 1,351.54 | 1,711.85 | 2,512.53 | 2,872.84 | 3,673.52 | 4,033.83 | 4,834.51 |
| Fibonacci | 1,638.46 | 2,081.96 | 2,355.95 | 2,799.45 | 3,242.95 | 3,516.94 | 3,960.44 |
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): | 84.75 | |
| MACD (12,26,9): | 410.8900 | |
| Directional Movement: | 38.87 | |
| AROON (14): | 71.43 | |
| DEMA (21): | 2,956.38 | |
| Parabolic SAR (0,02-0,02-0,2): | 2,658.78 | |
| Elder Ray (13): | 864.54 | |
| Super Trend (3,10): | 2,683.62 | |
| Zig ZAG (10): | 3,628.04 | |
| VORTEX (21): | 1.3400 | |
| Stochastique (14,3,5): | 96.21 | |
| TEMA (21): | 3,244.59 | |
| Williams %R (14): | -5.82 | |
| Chande Momentum Oscillator (20): | 1,572.58 | |
| Repulse (5,40,3): | 28.8900 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 1.9400 | |
| Courbe Coppock: | 102.88 |
| MA7: | 3,583.91 | |
| MA20: | 3,223.93 | |
| MA50: | 2,677.77 | |
| MA100: | 2,408.84 | |
| MAexp7: | 3,061.86 | |
| MAexp20: | 2,486.84 | |
| MAexp50: | 2,080.33 | |
| MAexp100: | 1,897.44 | |
| Price / MA7: | +1.38% | |
| Price / MA20: | +12.69% | |
| Price / MA50: | +35.68% | |
| Price / MA100: | +50.83% | |
| Price / MAexp7: | +18.66% | |
| Price / MAexp20: | +46.10% | |
| Price / MAexp50: | +74.65% | |
| Price / MAexp100: | +91.48% |
Quotes :
-
Real time data
-
Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
Add a comment
Comments
0 comments on the analysis ETHEREUM - ETH/EUR - Weekly