ETHEREUM CLASSIC - ETC/USD

- USD (-)

- Real time data - Cryptocompare

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Type:	Cryptocurrencies
Ticker:	ETCUSD
ISIN:

ETHEREUM CLASSIC - ETC/USD - 1H - Technical analysis published on 02/05/2024 (GMT)

Timeframe : 1H
- Analysis generated on
Status : NEUTRAL

Summary of the analysis

Trends

Short term: Neutral

Underlying: Slightly bullish

Technical indicators

61%

33%

My opinion

Neutral between 24.65 USD and 25.45 USD

My targets

My analysis

A slightly bullish trend and a neutral short term. With such a pattern, it is difficult to favour buying or selling. The first resistance is located at 25.45 USD. The first support is located at 24.65 USD. A very slight advantage is given by the slightly bullish basic trend so that the resistance is reached first, but should we take this into account? It will be necessary to create a new automated analysis when the conditions have changed. This may be the case, for example, when the first resistance has been broken above or the first support has been broken below.

In the very short term, despite the neutral opinion of this analysis, technical indicators are bullish and could soon allow change to a bullish sentiment.

Comment on the analysis

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 Londinia. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

ETHEREUM CLASSIC - ETC/USD rating 24.94 USD. The price registered a decrease of -0.12% on the session and was between 24.43 USD and 25.17 USD. This implies that the price is at +2.09% from its lowest and at -0.91% from its highest.

24.43

25.17

24.94

A study of price movements over other periods shows the following variations:

The Central Volumes scanner notes the presence of abnormal volumes:

Abnormal volumes

Timeframe : 50 days

Technical

A technical analysis in 1H of this ETHEREUM CLASSIC - ETC/USD chart shows a slightly bullish trend. Only 50.00% of the signals given by moving averages are bullish. This slightly bullish trend could return to neutral given the neutral signals also given by short-term moving averages. An assessment of moving averages reveals a bearish signal that could impact this trend:

Bearish price crossover with adaptative moving average 50

Type : Bearish

Timeframe : 1 hour

An assessment of technical indicators shows a moderate bullish signal.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

RSI indicator is back under 50

Type : Bearish

Timeframe : 1 hour

Aroon indicator bullish trend

Type : Bullish

Timeframe : 1 hour

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:

Near resistance of triangle

Type : Bearish

Timeframe : 1 hour

From the Japanese candlestick perspective, the Central Candlesticks scanner notes the presence of these results that could impact the short-term trend:

Doji

Type : Neutral

Timeframe : 1 hour

Bearish harami cross

Type : Bearish

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	23.50	23.89	24.65	24.94	25.45	26.25	29.61
Change (%)	-5.77%	-4.21%	-1.16%	-	+2.04%	+5.25%	+18.72%
Change	-1.44	-1.05	-0.29	-	+0.51	+1.31	+4.67
Level	Minor	Minor	Intermediate	-	Minor	Intermediate	Intermediate

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

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	23.59	24.12	24.55	25.08	25.51	26.04	26.47
Camarilla	24.71	24.79	24.88	24.97	25.06	25.15	25.23
Woodie	23.53	24.10	24.49	25.06	25.45	26.02	26.41
Fibonacci	24.12	24.49	24.72	25.08	25.45	25.68	26.04

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	19.97	21.50	23.18	24.71	26.39	27.92	29.60
Camarilla	23.97	24.26	24.56	24.85	25.14	25.44	25.73
Woodie	20.04	21.54	23.25	24.75	26.46	27.96	29.67
Fibonacci	21.50	22.73	23.49	24.71	25.94	26.70	27.92

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	3.57	10.95	17.64	25.02	31.71	39.09	45.78
Camarilla	20.46	21.75	23.04	24.33	25.62	26.91	28.20
Woodie	3.23	10.78	17.30	24.85	31.37	38.92	45.44
Fibonacci	10.95	16.33	19.65	25.02	30.40	33.72	39.09

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):	49.89
MACD (12,26,9):	-0.0600
Directional Movement:	5.54
AROON (14):	50.00
DEMA (21):	24.83
Parabolic SAR (0,02-0,02-0,2):	24.47
Elder Ray (13):	0.06
Super Trend (3,10):	25.28
Zig ZAG (10):	24.94
VORTEX (21):	0.9200
Stochastique (14,3,5):	63.06
TEMA (21):	24.79
Williams %R (14):	-31.08
Chande Momentum Oscillator (20):	-0.03
Repulse (5,40,3):	0.0800
ROCnROLL:	-1
TRIX (15,9):	-0.0500
Courbe Coppock:	1.79

MA7:	24.85
MA20:	24.37
MA50:	23.34
MA100:	21.34
MAexp7:	24.88
MAexp20:	24.91
MAexp50:	24.97
MAexp100:	24.89
Price / MA7:	+0.36%
Price / MA20:	+2.34%
Price / MA50:	+6.86%
Price / MA100:	+16.87%
Price / MAexp7:	+0.24%
Price / MAexp20:	+0.12%
Price / MAexp50:	-0.12%
Price / MAexp100:	+0.20%

Quotes : - Real time data - Cryptocompare

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

About author

Londinia AI

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