ETHEREUM CLASSIC - ETC/USD - Daily - Technical analysis published on 07/31/2020 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
89%
0%
11%
My opinion
Bullish above 7.04 USD
My targets
8.34 USD (+11.05%)
9.51 USD (+26.63%)
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 8.34 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 9.51 USD. If there is any crossing, the next objective would be the resistance located at 11.71 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, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
8.6
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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 price is 7.51 USD. On the day, this instrument gained +2.04% and was traded between 7.28 USD and 7.57 USD over the period. The price is currently at +3.16% from its lowest and -0.79% from its highest.7.28
7.57
7.51
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
A technical analysis in Daily of this ETHEREUM CLASSIC - ETC/USD chart shows a strongly bullish trend. The signals given by the moving averages are 89.29% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : Daily
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 : Weekly
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Near resistance of triangle
Type : Bearish
Timeframe : Daily
Horizontal resistance is broken
Type : Bullish
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 | 5.17 | 6.05 | 7.45 | 7.51 | 9.51 | 11.71 | 12.46 |
| Change (%) | -31.16% | -19.44% | -0.80% | - | +26.63% | +55.93% | +65.91% |
| Change | -2.34 | -1.46 | -0.06 | - | +2.00 | +4.20 | +4.95 |
| Level | Minor | Major | Major | - | Minor | Minor | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.68 | 6.85 | 7.11 | 7.28 | 7.54 | 7.71 | 7.97 |
| Camarilla | 7.24 | 7.28 | 7.32 | 7.36 | 7.40 | 7.44 | 7.48 |
| Woodie | 6.72 | 6.87 | 7.15 | 7.30 | 7.58 | 7.73 | 8.01 |
| Fibonacci | 6.85 | 7.02 | 7.12 | 7.28 | 7.45 | 7.55 | 7.71 |
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 is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 74.86 | |
| MACD (12,26,9): | 0.3000 | |
| Directional Movement: | 16.42 | |
| AROON (14): | 92.86 | |
| DEMA (21): | 7.02 | |
| Parabolic SAR (0,02-0,02-0,2): | 6.84 | |
| Elder Ray (13): | 0.56 | |
| Super Trend (3,10): | 6.36 | |
| Zig ZAG (10): | 7.51 | |
| VORTEX (21): | 1.1300 | |
| Stochastique (14,3,5): | 88.84 | |
| TEMA (21): | 7.29 | |
| Williams %R (14): | -3.70 | |
| Chande Momentum Oscillator (20): | 1.41 | |
| Repulse (5,40,3): | 6.4700 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.3700 | |
| Courbe Coppock: | 29.06 |
| MA7: | 7.13 | |
| MA20: | 6.54 | |
| MA50: | 6.29 | |
| MA100: | 6.47 | |
| MAexp7: | 7.14 | |
| MAexp20: | 6.70 | |
| MAexp50: | 6.47 | |
| MAexp100: | 6.43 | |
| Price / MA7: | +5.33% | |
| Price / MA20: | +14.83% | |
| Price / MA50: | +19.40% | |
| Price / MA100: | +16.07% | |
| Price / MAexp7: | +5.18% | |
| Price / MAexp20: | +12.09% | |
| Price / MAexp50: | +16.07% | |
| Price / MAexp100: | +16.80% |
Quotes :
2020-07-31 17:59:34
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Real time data
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