ETHEREUM CLASSIC - ETC/USD - 1H - Technical analysis published on 08/05/2020 (GMT)
- 112
- 0
- Who voted?
Oops, I was wrong about that analysis. My threshold for invalidation has been broken.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Neutral
Technical indicators
83%
0%
17%
My opinion
Bullish above 7.03 USD
My targets
7.45 USD (+3.47%)
7.77 USD (+7.92%)
My analysis
The current short-term bullish acceleration on ETHEREUM CLASSIC - ETC/USD should quickly allow the basic trend to return to bullish. To avoid contradicting the short term, traders may prefer long positions (at the time of purchase) as long as the price remains well above 7.03 USD. Short-term buyers will use the resistance located at 7.45 USD as an objective. A bullish break in this resistance would boost the bullish momentum. The next bullish objective would then be set at 7.77 USD. Crossing this resistance would then open the door for buyers to target 8.31 USD. Caution, if there is a return to under 7.03 USD, it should not be forgotten that the basic trend is not yet clearly defined. Beware of against the trend sellers, many of whom will certainly benefit from this movement.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
4.1
Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.
This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The ETHEREUM CLASSIC - ETC/USD price is 7.20 USD. The price has increased by +0.98% since the last closing and was traded between 7.04 USD and 7.34 USD over the period. The price is currently at +2.27% from its lowest and -1.91% from its highest.7.04
7.34
7.20
The Central Gaps scanner detects a bearish opening. A small advantage for sellers 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/USD:
Technical
A technical analysis in 1H of this ETHEREUM CLASSIC - ETC/USD chart shows a neutral trend. The trend could quickly turn bullish due to the strong bullish signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
The probability of a further increase is high given the direction of the technical indicators.
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
Ichimoku : price is over the cloud
Type : Bullish
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:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Near resistance of channel
Type : Bearish
Timeframe : 1 hour
There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 6.83 | 7.03 | 7.16 | 7.20 | 7.45 | 7.77 | 8.31 |
| Change (%) | -5.14% | -2.36% | -0.56% | - | +3.47% | +7.92% | +15.42% |
| Change | -0.37 | -0.17 | -0.04 | - | +0.25 | +0.57 | +1.11 |
| Level | Minor | Intermediate | Minor | - | Major | Minor | Intermediate |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.36 | 6.63 | 6.90 | 7.17 | 7.44 | 7.71 | 7.98 |
| Camarilla | 7.02 | 7.07 | 7.12 | 7.17 | 7.22 | 7.27 | 7.32 |
| Woodie | 6.36 | 6.63 | 6.90 | 7.17 | 7.44 | 7.71 | 7.98 |
| Fibonacci | 6.63 | 6.84 | 6.96 | 7.17 | 7.38 | 7.50 | 7.71 |
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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 59.56 | |
| MACD (12,26,9): | 0.0200 | |
| Directional Movement: | 17.66 | |
| AROON (14): | 92.86 | |
| DEMA (21): | 7.19 | |
| Parabolic SAR (0,02-0,02-0,2): | 7.03 | |
| Elder Ray (13): | 0.06 | |
| Super Trend (3,10): | 7.27 | |
| Zig ZAG (10): | 7.23 | |
| VORTEX (21): | 0.9700 | |
| Stochastique (14,3,5): | 77.28 | |
| TEMA (21): | 7.21 | |
| Williams %R (14): | -17.65 | |
| Chande Momentum Oscillator (20): | 0.10 | |
| Repulse (5,40,3): | -0.2000 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 1.98 |
| MA7: | 7.32 | |
| MA20: | 6.79 | |
| MA50: | 6.39 | |
| MA100: | 6.55 | |
| MAexp7: | 7.19 | |
| MAexp20: | 7.17 | |
| MAexp50: | 7.19 | |
| MAexp100: | 7.23 | |
| Price / MA7: | -1.64% | |
| Price / MA20: | +6.04% | |
| Price / MA50: | +12.68% | |
| Price / MA100: | +9.92% | |
| Price / MAexp7: | +0.14% | |
| Price / MAexp20: | +0.42% | |
| Price / MAexp50: | +0.14% | |
| Price / MAexp100: | -0.41% |
Quotes :
2020-08-05 14:39:05
-
Real time data
-
Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
Add a comment
Comments
0 comments on the analysis ETHEREUM CLASSIC - ETC/USD - 1H