ETHEREUM CLASSIC - ETC/USD - Daily - Technical analysis published on 07/27/2020 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
94%
0%
6%
My opinion
Bullish above 7.04 USD
My targets
7.45 USD (+2.48%)
8.34 USD (+14.72%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on ETHEREUM CLASSIC - ETC/USD as long as the price remains well above 7.04 USD. The buyers” bullish objective is set at 7.45 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 8.34 USD. If there is any crossing, the next objective would be the resistance located at 9.51 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8
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This analysis was given by AKOUSA. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The ETHEREUM CLASSIC - ETC/USD rating is 7.27 USD. The price registered an increase of +8.83% on the session with the lowest point at 6.68 USD and the highest point at 7.35 USD. The deviation from the price is +8.83% for the low point and -1.09% for the high point.6.68
7.35
7.27
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of this Daily chart of ETHEREUM CLASSIC - ETC/USD indicates that the overall trend is strongly bullish. 82.14% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Weekly
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal resistance
Type : Bearish
Timeframe : Daily
Near resistance of triangle
Type : Bearish
Timeframe : Daily
Resistance of channel is broken
Type : Bullish
Timeframe : Daily
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 3.60 | 5.17 | 6.05 | 7.27 | 7.45 | 9.51 | 12.46 |
| Change (%) | -50.48% | -28.89% | -16.78% | - | +2.48% | +30.81% | +71.39% |
| Change | -3.67 | -2.10 | -1.22 | - | +0.18 | +2.24 | +5.19 |
| Level | Major | Minor | Major | - | Intermediate | Minor | 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 | 6.07 | 6.28 | 6.48 | 6.69 | 6.89 | 7.10 | 7.30 |
| Camarilla | 6.57 | 6.61 | 6.64 | 6.68 | 6.72 | 6.76 | 6.79 |
| Woodie | 6.07 | 6.28 | 6.48 | 6.69 | 6.89 | 7.10 | 7.30 |
| Fibonacci | 6.28 | 6.44 | 6.53 | 6.69 | 6.85 | 6.94 | 7.10 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.44 | 5.71 | 6.20 | 6.47 | 6.96 | 7.23 | 7.72 |
| Camarilla | 6.49 | 6.56 | 6.63 | 6.70 | 6.77 | 6.84 | 6.91 |
| Woodie | 5.56 | 5.77 | 6.32 | 6.53 | 7.08 | 7.29 | 7.84 |
| Fibonacci | 5.71 | 6.00 | 6.18 | 6.47 | 6.76 | 6.94 | 7.23 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.40 | 3.70 | 4.72 | 6.02 | 7.04 | 8.34 | 9.36 |
| Camarilla | 5.10 | 5.32 | 5.53 | 5.74 | 5.95 | 6.17 | 6.38 |
| Woodie | 2.26 | 3.63 | 4.58 | 5.95 | 6.90 | 8.27 | 9.22 |
| Fibonacci | 3.70 | 4.59 | 5.13 | 6.02 | 6.91 | 7.45 | 8.34 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 71.05 | |
| MACD (12,26,9): | 0.1400 | |
| Directional Movement: | 20.05 | |
| AROON (14): | 78.57 | |
| DEMA (21): | 6.51 | |
| Parabolic SAR (0,02-0,02-0,2): | 6.26 | |
| Elder Ray (13): | 0.56 | |
| Super Trend (3,10): | 6.05 | |
| Zig ZAG (10): | 7.15 | |
| VORTEX (21): | 1.1300 | |
| Stochastique (14,3,5): | 86.86 | |
| TEMA (21): | 6.67 | |
| Williams %R (14): | -13.79 | |
| Chande Momentum Oscillator (20): | 0.93 | |
| Repulse (5,40,3): | 9.8800 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1100 | |
| Courbe Coppock: | 5.36 |
| MA7: | 6.52 | |
| MA20: | 6.39 | |
| MA50: | 6.24 | |
| MA100: | 6.40 | |
| MAexp7: | 6.62 | |
| MAexp20: | 6.38 | |
| MAexp50: | 6.32 | |
| MAexp100: | 6.36 | |
| Price / MA7: | +11.50% | |
| Price / MA20: | +13.77% | |
| Price / MA50: | +16.51% | |
| Price / MA100: | +13.59% | |
| Price / MAexp7: | +9.82% | |
| Price / MAexp20: | +13.95% | |
| Price / MAexp50: | +15.03% | |
| Price / MAexp100: | +14.31% |
Quotes :
2020-07-27 12:00:39
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Real time data
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Cryptocompare
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