ETHEREUM CLASSIC - ETC/USD - 1H - Technical analysis published on 08/03/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
33%
44%
22%
My opinion
Bearish under 7.28 USD
My targets
7.03 USD (-1.54%)
6.73 USD (-5.74%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on ETHEREUM CLASSIC - ETC/USD as long as the price remains well below 7.28 USD. The sellers” bearish objective is set at 7.03 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 6.73 USD. In case of crossing, the next objective would be the support located at 6.49 USD. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
6.4
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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 7.14 USD. The price registered a decrease of -0.42% on the session and was traded between 7.10 USD and 7.42 USD over the period. The price is currently at +0.56% from its lowest and -3.77% from its highest.7.10
7.42
7.14
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of ETHEREUM CLASSIC - ETC/USD in 1H shows a overall strongly bearish trend. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. An assessment of moving averages reveals several bearish signals that could impact this trend:
Bearish trend reversal : Moving Average 20
Type : Bearish
Timeframe : 1 hour
Bearish trend reversal : adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : 1 hour
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 6 are bullish, 4 are neutral and 8 are bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
MACD crosses DOWN its Moving Average
Type : Bearish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Horizontal support is broken
Type : Bearish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 6.49 | 6.73 | 7.03 | 7.14 | 7.28 | 7.45 | 7.57 |
| Change (%) | -9.10% | -5.74% | -1.54% | - | +1.96% | +4.34% | +6.02% |
| Change | -0.65 | -0.41 | -0.11 | - | +0.14 | +0.31 | +0.43 |
| Level | Minor | Minor | Intermediate | - | Major | Major | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.08 | 5.96 | 6.56 | 7.44 | 8.04 | 8.92 | 9.52 |
| Camarilla | 6.76 | 6.90 | 7.03 | 7.17 | 7.31 | 7.44 | 7.58 |
| Woodie | 4.95 | 5.89 | 6.43 | 7.37 | 7.91 | 8.85 | 9.39 |
| Fibonacci | 5.96 | 6.52 | 6.87 | 7.44 | 8.00 | 8.35 | 8.92 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.43 | 5.96 | 6.91 | 7.44 | 8.39 | 8.92 | 9.87 |
| Camarilla | 7.45 | 7.59 | 7.72 | 7.86 | 8.00 | 8.13 | 8.27 |
| Woodie | 5.64 | 6.07 | 7.12 | 7.55 | 8.60 | 9.03 | 10.08 |
| Fibonacci | 5.96 | 6.53 | 6.88 | 7.44 | 8.01 | 8.36 | 8.92 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.98 | 4.75 | 6.04 | 6.81 | 8.10 | 8.87 | 10.16 |
| Camarilla | 6.77 | 6.96 | 7.15 | 7.34 | 7.53 | 7.72 | 7.91 |
| Woodie | 4.25 | 4.88 | 6.31 | 6.94 | 8.37 | 9.00 | 10.43 |
| Fibonacci | 4.75 | 5.53 | 6.02 | 6.81 | 7.59 | 8.08 | 8.87 |
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): | 44.26 | |
| MACD (12,26,9): | -0.0100 | |
| Directional Movement: | -3.04 | |
| AROON (14): | 28.57 | |
| DEMA (21): | 7.24 | |
| Parabolic SAR (0,02-0,02-0,2): | 6.98 | |
| Elder Ray (13): | -0.06 | |
| Super Trend (3,10): | 7.39 | |
| Zig ZAG (10): | 7.18 | |
| VORTEX (21): | 0.9900 | |
| Stochastique (14,3,5): | 23.08 | |
| TEMA (21): | 7.26 | |
| Williams %R (14): | -92.31 | |
| Chande Momentum Oscillator (20): | 0.01 | |
| Repulse (5,40,3): | -1.2100 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0200 | |
| Courbe Coppock: | 0.23 |
| MA7: | 7.33 | |
| MA20: | 6.69 | |
| MA50: | 6.35 | |
| MA100: | 6.53 | |
| MAexp7: | 7.20 | |
| MAexp20: | 7.26 | |
| MAexp50: | 7.31 | |
| MAexp100: | 7.32 | |
| Price / MA7: | -2.59% | |
| Price / MA20: | +6.73% | |
| Price / MA50: | +12.44% | |
| Price / MA100: | +9.34% | |
| Price / MAexp7: | -0.83% | |
| Price / MAexp20: | -1.65% | |
| Price / MAexp50: | -2.33% | |
| Price / MAexp100: | -2.46% |
Quotes :
2020-08-03 22:34:23
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Real time data
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