ETHEREUM CLASSIC - ETC/USDT

- USDT (-)

- Real time data - CoinMarketCap

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Type:	Cryptocurrencies
Ticker:	ETCUSDT
ISIN:

ETHEREUM CLASSIC - ETC/USDT - Daily - Technical analysis published on 11/26/2022 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

39%

28%

33%

My opinion

Bearish under 21.68 USDT

My targets

18.29 USDT (-8.00%)

17.43 USDT (-12.34%)

My analysis

The bearish trend is currently very strong for ETHEREUM CLASSIC - ETC/USDT. As long as the price remains below the resistance at 21.68 USDT, you could try to take advantage of the bearish rally. The first bearish objective is located at 18.29 USDT. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 17.43 USDT as an objective. Crossing it would then enable sellers to target 13.70 USDT. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. 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 neutral, but do not change the general bearish opinion of this analysis.

Force

5.7

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.

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Additional analysis

Quotes

The ETHEREUM CLASSIC - ETC/USDT rating is 19.88 USDT. On the day, this instrument lost -1.10% with the lowest point at 19.73 USDT and the highest point at 20.94 USDT. The deviation from the price is +0.76% for the low point and -5.06% for the high point.

19.73

20.94

19.88

The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.

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:

Technical

Technical analysis of ETHEREUM CLASSIC - ETC/USDT in Daily shows a overall strongly bearish trend. The signals given by moving averages are 92.86% bearish. This strong bearish 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.

An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Other results related to technical indicators were also found by the Central Indicators scanner:

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

Momentum indicator is back under 0

Type : Bearish

Timeframe : Daily

The analysis of the price chart with Central Patterns scanners does not return any result.

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

ProTrendLines

Price

	S2	S1	Price	R1	R2	R3
ProTrendLines	13.70	18.29	19.88	21.68	24.39	37.10
Change (%)	-31.09%	-8.00%	-	+9.05%	+22.69%	+86.62%
Change	-6.18	-1.59	-	+1.80	+4.51	+17.22
Level	Major	Intermediate	-	Minor	Intermediate	Minor

To determine price objectives, it is also possible to use the pivot points. Here is the price position 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 technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators

Moving averages

RSI (14):	43.88
MACD (12,26,9):	-1.0700
Directional Movement:	-9.81
AROON (14):	-64.29
DEMA (21):	18.98
Parabolic SAR (0,02-0,02-0,2):	21.67
Elder Ray (13):	0.37
Super Trend (3,10):	22.28
Zig ZAG (10):	19.86
VORTEX (21):	0.8400
Stochastique (14,3,5):	65.94
TEMA (21):	19.06
Williams %R (14):	-28.15
Chande Momentum Oscillator (20):	-0.59
Repulse (5,40,3):	-0.7500
ROCnROLL:	2
TRIX (15,9):	-0.8000
Courbe Coppock:	16.02

MA7:	19.31
MA20:	20.20
MA50:	22.55
MA100:	27.40
MAexp7:	19.74
MAexp20:	20.49
MAexp50:	22.81
MAexp100:	25.28
Price / MA7:	+2.95%
Price / MA20:	-1.58%
Price / MA50:	-11.84%
Price / MA100:	-27.45%
Price / MAexp7:	+0.71%
Price / MAexp20:	-2.98%
Price / MAexp50:	-12.85%
Price / MAexp100:	-21.36%

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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