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 11/30/2022 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Bearish

Underlying: Strongly bearish

Technical indicators

50%

44%

My opinion

Bearish under 21.68 USDT

My targets

18.12 USDT (-9.17%)

15.10 USDT (-24.33%)

My analysis

The bearish basic trend is very strong on ETHEREUM CLASSIC - ETC/USDT but the short term shows some signs of running out of steam. However, a sale could be considered as long as the price remains below 21.68 USDT. Crossing the first support at 18.12 USDT would be a sign of a further potential price plummet. Sellers would then use the next support located at 15.10 USDT as an objective. Crossing it would then enable sellers to target 13.70 USDT. Caution, a return to above the resistance located at 21.68 USDT would be a sign of a possible consolidation phase of the short-term basic trend. 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 are opposing the general bearish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.

Force

3.6

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

Additional analysis

Quotes

The ETHEREUM CLASSIC - ETC/USDT rating is 19.95 USDT. The price registered an increase of +2.20% on the session with the lowest point at 19.47 USDT and the highest point at 20.47 USDT. The deviation from the price is +2.47% for the low point and -2.54% for the high point.

19.47

20.47

19.95

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 this Daily chart of ETHEREUM CLASSIC - ETC/USDT indicates that the overall trend is strongly bearish. 85.71% of the signals given by moving averages are bearish. This strongly bearish trend is showing signs of slowing down given the slightly bearish signals given by short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:

Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : Daily

An assessment of technical indicators shows a slightly bullish signal.
Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Daily

Momentum indicator is back over 0

Type : Bullish

Timeframe : Daily

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

Near support of triangle

Type : Bullish

Timeframe : Daily

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S2	S1	Price	R1	R2	R3
ProTrendLines	13.70	18.12	19.95	21.68	24.39	37.10
Change (%)	-31.33%	-9.17%	-	+8.67%	+22.26%	+85.96%
Change	-6.25	-1.83	-	+1.73	+4.44	+17.15
Level	Major	Intermediate	-	Minor	Intermediate	Minor

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

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	18.44	18.78	19.15	19.49	19.86	20.20	20.57
Camarilla	19.33	19.39	19.46	19.52	19.59	19.65	19.72
Woodie	18.46	18.79	19.17	19.50	19.88	20.21	20.59
Fibonacci	18.78	19.05	19.22	19.49	19.76	19.93	20.20

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	14.01	15.61	17.74	19.34	21.47	23.07	25.20
Camarilla	18.84	19.19	19.53	19.87	20.21	20.55	20.90
Woodie	14.28	15.74	18.01	19.47	21.74	23.20	25.47
Fibonacci	15.61	17.04	17.92	19.34	20.77	21.65	23.07

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	15.10	17.95	21.11	23.96	27.12	29.97	33.13
Camarilla	22.61	23.16	23.71	24.26	24.81	25.36	25.91
Woodie	15.25	18.03	21.26	24.04	27.27	30.05	33.28
Fibonacci	17.95	20.25	21.67	23.96	26.26	27.68	29.97

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):	45.55
MACD (12,26,9):	-0.8300
Directional Movement:	-10.60
AROON (14):	35.72
DEMA (21):	18.98
Parabolic SAR (0,02-0,02-0,2):	20.69
Elder Ray (13):	0.14
Super Trend (3,10):	22.28
Zig ZAG (10):	19.95
VORTEX (21):	1.0600
Stochastique (14,3,5):	64.08
TEMA (21):	19.25
Williams %R (14):	-26.54
Chande Momentum Oscillator (20):	0.40
Repulse (5,40,3):	0.9300
ROCnROLL:	-1
TRIX (15,9):	-0.7100
Courbe Coppock:	4.94

MA7:	19.83
MA20:	19.77
MA50:	22.09
MA100:	26.86
MAexp7:	19.70
MAexp20:	20.22
MAexp50:	22.34
MAexp100:	24.87
Price / MA7:	+0.61%
Price / MA20:	+0.91%
Price / MA50:	-9.69%
Price / MA100:	-25.73%
Price / MAexp7:	+1.27%
Price / MAexp20:	-1.34%
Price / MAexp50:	-10.70%
Price / MAexp100:	-19.78%

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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