ETHEREUM CLASSIC - ETC/USDT - 15 min. - Technical analysis published on 04/15/2023 (GMT)
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I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
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- Timeframe : 15 min.
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
67%
0%
33%
My opinion
Bearish under 22.44 USDT
My targets
21.78 USDT (-1.95%)
21.14 USDT (-4.80%)
My analysis
Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 22.44 USDT remains possible. It is advisable to trade ETHEREUM CLASSIC - ETC/USDT with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 22.44 USDT. The next bearish objective for sellers is set at 21.78 USDT. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 21.14 USDT. In case of crossing, the next objective would be the support located at 20.48 USDT. PS: if there is a bullish break in the resistance located at 22.44 USDT we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.
In the very short term, technical indicators are in opposition with the general bearish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.
Force
0
10
0
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This analysis was given by adhemar. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The ETHEREUM CLASSIC - ETC/USDT price is 22.21 USDT. The price registered a decrease of -0.89% on the session with the lowest point at 22.04 USDT and the highest point at 22.50 USDT. The deviation from the price is +0.77% for the low point and -1.29% for the high point.22.04
22.50
22.21
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by ETHEREUM CLASSIC - ETC/USDT:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of ETHEREUM CLASSIC - ETC/USDT in 15 min. shows an overall bearish trend. 64.29% of the signals given by moving averages are bearish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:
Bullish trend reversal : adaptative moving average 50
Type : Bullish
Timeframe : 15 minutes
In fact, 12 technical indicators on 18 studied are currently bullish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Ichimoku - Bullish crossover : Tenkan & Kijun
Type : Bullish
Timeframe : 15 minutes
Momentum indicator is back over 0
Type : Bullish
Timeframe : 15 minutes
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 15 minutes
The analysis of the price chart with Central Patterns scanners does not return any result.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 21.21 | 21.81 | 22.19 | 22.21 | 22.78 | 23.11 | 24.03 |
| Change (%) | -4.50% | -1.80% | -0.09% | - | +2.57% | +4.05% | +8.19% |
| Change | -1.00 | -0.40 | -0.02 | - | +0.57 | +0.90 | +1.82 |
| Level | Intermediate | Minor | Minor | - | Intermediate | Intermediate | Intermediate |
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 | 20.48 | 21.14 | 21.78 | 22.44 | 23.08 | 23.74 | 24.38 |
| Camarilla | 22.05 | 22.17 | 22.29 | 22.41 | 22.53 | 22.65 | 22.77 |
| Woodie | 20.46 | 21.14 | 21.76 | 22.44 | 23.06 | 23.74 | 24.36 |
| Fibonacci | 21.14 | 21.64 | 21.95 | 22.44 | 22.94 | 23.25 | 23.74 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 17.90 | 18.88 | 19.61 | 20.59 | 21.32 | 22.30 | 23.03 |
| Camarilla | 19.88 | 20.04 | 20.19 | 20.35 | 20.51 | 20.66 | 20.82 |
| Woodie | 17.79 | 18.82 | 19.50 | 20.53 | 21.21 | 22.24 | 22.92 |
| Fibonacci | 18.88 | 19.53 | 19.93 | 20.59 | 21.24 | 21.64 | 22.30 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 10.69 | 13.41 | 17.08 | 19.80 | 23.47 | 26.19 | 29.86 |
| Camarilla | 18.98 | 19.57 | 20.15 | 20.74 | 21.33 | 21.91 | 22.50 |
| Woodie | 11.16 | 13.65 | 17.55 | 20.04 | 23.94 | 26.43 | 30.33 |
| Fibonacci | 13.41 | 15.85 | 17.36 | 19.80 | 22.24 | 23.75 | 26.19 |
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): | 55.54 | |
| MACD (12,26,9): | 0.0000 | |
| Directional Movement: | 6.60 | |
| AROON (14): | 35.72 | |
| DEMA (21): | 22.20 | |
| Parabolic SAR (0,02-0,02-0,2): | 22.10 | |
| Elder Ray (13): | 0.06 | |
| Super Trend (3,10): | 22.34 | |
| Zig ZAG (10): | 22.28 | |
| VORTEX (21): | 1.0400 | |
| Stochastique (14,3,5): | 88.72 | |
| TEMA (21): | 22.23 | |
| Williams %R (14): | -9.09 | |
| Chande Momentum Oscillator (20): | 0.06 | |
| Repulse (5,40,3): | 0.2600 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0100 | |
| Courbe Coppock: | 0.45 |
| MA7: | 21.73 | |
| MA20: | 20.99 | |
| MA50: | 20.43 | |
| MA100: | 20.78 | |
| MAexp7: | 22.22 | |
| MAexp20: | 22.21 | |
| MAexp50: | 22.25 | |
| MAexp100: | 22.32 | |
| Price / MA7: | +2.21% | |
| Price / MA20: | +5.81% | |
| Price / MA50: | +8.71% | |
| Price / MA100: | +6.88% | |
| Price / MAexp7: | -0.05% | |
| Price / MAexp20: | -0% | |
| Price / MAexp50: | -0.18% | |
| Price / MAexp100: | -0.49% |
Quotes :
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Real time data
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Cryptocompare
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