ETHEREUM CLASSIC - ETC/USD - 1H - Technical analysis published on 07/31/2020 (GMT)
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- Timeframe : 1H
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Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
78%
6%
17%
My opinion
Bullish above 7.45 USD
My targets
7.72 USD (+2.84%)
8.34 USD (+11.05%)
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 7.45 USD. The buyers” bullish objective is set at 7.72 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, 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
8.4
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Additional analysis
Quotes
ETHEREUM CLASSIC - ETC/USD rating 7.51 USD. On the day, this instrument gained +2.04% with the lowest point at 7.28 USD and the highest point at 7.57 USD. The deviation from the price is +3.16% for the low point and -0.79% for the high point.7.28
7.57
7.51
Here is a more detailed summary of the historical variations registered by ETHEREUM CLASSIC - ETC/USD:
Technical
Technical analysis of ETHEREUM CLASSIC - ETC/USD in 1H shows a strongly overall bullish trend. 92.86% 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 market scanner currently does not detect any result that concerns moving averages.
An assessment of technical indicators shows a strong bullish signal.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
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 | 6.50 | 7.05 | 7.45 | 7.51 | 9.51 | 11.71 | 12.46 |
| Change (%) | -13.45% | -6.13% | -0.80% | - | +26.63% | +55.93% | +65.91% |
| Change | -1.01 | -0.46 | -0.06 | - | +2.00 | +4.20 | +4.95 |
| Level | Intermediate | Minor | Major | - | Minor | 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 | 6.68 | 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): | 68.95 | |
| MACD (12,26,9): | 0.0500 | |
| Directional Movement: | 27.72 | |
| AROON (14): | 64.29 | |
| DEMA (21): | 7.43 | |
| Parabolic SAR (0,02-0,02-0,2): | 7.29 | |
| Elder Ray (13): | 0.13 | |
| Super Trend (3,10): | 7.33 | |
| Zig ZAG (10): | 7.51 | |
| VORTEX (21): | 1.0600 | |
| Stochastique (14,3,5): | 77.23 | |
| TEMA (21): | 7.46 | |
| Williams %R (14): | -20.69 | |
| Chande Momentum Oscillator (20): | 0.22 | |
| Repulse (5,40,3): | 1.0200 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0800 | |
| Courbe Coppock: | 2.70 |
| MA7: | 7.13 | |
| MA20: | 6.54 | |
| MA50: | 6.29 | |
| MA100: | 6.47 | |
| MAexp7: | 7.44 | |
| MAexp20: | 7.37 | |
| MAexp50: | 7.30 | |
| MAexp100: | 7.20 | |
| Price / MA7: | +5.33% | |
| Price / MA20: | +14.83% | |
| Price / MA50: | +19.40% | |
| Price / MA100: | +16.07% | |
| Price / MAexp7: | +0.94% | |
| Price / MAexp20: | +1.90% | |
| Price / MAexp50: | +2.88% | |
| Price / MAexp100: | +4.31% |
Quotes :
2020-07-31 17:59:34
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Real time data
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Cryptocompare
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