ETHEREUM CLASSIC - ETC/USDT - 1H - Technical analysis published on 11/26/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
56%
22%
22%
My opinion
Bullish above 19.71 USDT
My targets
20.77 USDT (+1.61%)
21.68 USDT (+6.07%)
My analysis
The bullish trend is currently very strong on ETHEREUM CLASSIC - ETC/USDT. As long as the price remains above the support at 19.71 USDT, you could try to benefit from the boom. The first bullish objective is located at 20.77 USDT. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 21.68 USDT as an objective. Crossing it would then enable buyers to target 24.39 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, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.
Force
0
10
7.1
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Additional analysis
Quotes
ETHEREUM CLASSIC - ETC/USDT rating 20.44 USDT. The price registered an increase of +1.69% on the session and was between 20.06 USDT and 20.94 USDT. This implies that the price is at +1.89% from its lowest and at -2.39% from its highest.20.06
20.94
20.44
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:
Technical
Technical analysis of this 1H chart of ETHEREUM CLASSIC - ETC/USDT indicates that the overall trend is strongly bullish. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 10 are bullish, 4 are neutral and 4 are bearish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:
MACD crosses UP its Moving Average
Type : Bullish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Momentum indicator is back over 0
Type : Bullish
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 17.21 | 18.29 | 19.71 | 20.44 | 20.77 | 21.68 | 24.39 |
| Change (%) | -15.80% | -10.52% | -3.57% | - | +1.61% | +6.07% | +19.32% |
| Change | -3.23 | -2.15 | -0.73 | - | +0.33 | +1.24 | +3.95 |
| Level | Minor | Intermediate | Intermediate | - | 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 | 18.71 | 19.18 | 19.64 | 20.11 | 20.57 | 21.04 | 21.50 |
| Camarilla | 19.83 | 19.92 | 20.01 | 20.09 | 20.18 | 20.26 | 20.35 |
| Woodie | 18.70 | 19.18 | 19.63 | 20.11 | 20.56 | 21.04 | 21.49 |
| Fibonacci | 19.18 | 19.54 | 19.76 | 20.11 | 20.47 | 20.69 | 21.04 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 16.53 | 17.70 | 18.60 | 19.77 | 20.67 | 21.84 | 22.74 |
| Camarilla | 18.94 | 19.13 | 19.32 | 19.51 | 19.70 | 19.89 | 20.08 |
| Woodie | 16.41 | 17.63 | 18.48 | 19.70 | 20.55 | 21.77 | 22.62 |
| Fibonacci | 17.70 | 18.49 | 18.98 | 19.77 | 20.56 | 21.05 | 21.84 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 14.04 | 17.43 | 20.84 | 24.23 | 27.64 | 31.03 | 34.44 |
| Camarilla | 22.39 | 23.01 | 23.64 | 24.26 | 24.88 | 25.51 | 26.13 |
| Woodie | 14.06 | 17.44 | 20.86 | 24.24 | 27.66 | 31.04 | 34.46 |
| Fibonacci | 17.43 | 20.02 | 21.63 | 24.23 | 26.82 | 28.43 | 31.03 |
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): | 55.24 | |
| MACD (12,26,9): | 0.0700 | |
| Directional Movement: | 16.24 | |
| AROON (14): | 7.14 | |
| DEMA (21): | 20.38 | |
| Parabolic SAR (0,02-0,02-0,2): | 20.74 | |
| Elder Ray (13): | 0.03 | |
| Super Trend (3,10): | 19.98 | |
| Zig ZAG (10): | 20.35 | |
| VORTEX (21): | 1.1300 | |
| Stochastique (14,3,5): | 28.70 | |
| TEMA (21): | 20.39 | |
| Williams %R (14): | -78.67 | |
| Chande Momentum Oscillator (20): | -0.14 | |
| Repulse (5,40,3): | -0.1000 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0600 | |
| Courbe Coppock: | 1.59 |
| MA7: | 19.38 | |
| MA20: | 20.23 | |
| MA50: | 22.56 | |
| MA100: | 27.41 | |
| MAexp7: | 20.34 | |
| MAexp20: | 20.28 | |
| MAexp50: | 20.11 | |
| MAexp100: | 19.82 | |
| Price / MA7: | +5.47% | |
| Price / MA20: | +1.04% | |
| Price / MA50: | -9.40% | |
| Price / MA100: | -25.43% | |
| Price / MAexp7: | +0.49% | |
| Price / MAexp20: | +0.79% | |
| Price / MAexp50: | +1.64% | |
| Price / MAexp100: | +3.13% |
Quotes :
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Real time data
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