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ETHEREUM CLASSIC - ETC/USD
ETHEREUM CLASSIC - ETC/USD
- USD (-)
- Real time data - CoinMarketCap
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Cryptocurrencies
Ticker: ETCUSD
ISIN:

ETHEREUM CLASSIC - ETC/USD - 1H - Technical analysis published on 08/07/2020 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : TARGET REACHED

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Summary of the analysis

Trends
Court terme: Bearish
De fond: Strongly bearish
Technical indicators
33%
28%
39%
My opinion
Bearish under 7.25 USD
My targets
7.03 USD (-1.26%)
6.90 USD (-3.09%)
My analysis
The bearish basic trend is very strong on ETHEREUM CLASSIC - ETC/USD but the short term shows some signs of running out of steam. However, a sale could be considered as long as the price remains below 7.25 USD. Crossing the first support at 7.03 USD would be a sign of a further potential price plummet. Sellers would then use the next support located at 6.90 USD as an objective. Crossing it would then enable sellers to target 6.05 USD. Caution, a return to above the resistance located at 7.25 USD would be a sign of a possible consolidation phase of the short-term basic trend. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
5.4

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.

AKOUSA
This analysis was given by AKOUSA. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

ETHEREUM CLASSIC - ETC/USD rating 7.12 USD. The price has increased by +0.00% since the last closing and was traded between 7.08 USD and 7.24 USD over the period. The price is currently at +0.56% from its lowest and -1.66% from its highest.

7.08
7.24
7.12

The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



So that you have an overall view of the price change, here is a table showing the variations over several periods:

Technical


Technical analysis of this 1H chart of ETHEREUM CLASSIC - ETC/USD indicates that the overall trend is strongly bearish. 85.71% of the signals given by moving averages are bearish. The slightly bearish signals from short-term moving averages show that the overall trend is slowing down. The Central Indicators scanner detects bearish signals on moving averages that could impact this trend:

Central Indicators

Bearish trend reversal : Moving Average 50

Type : Bearish

Timeframe : 1 hour


Bearish trend reversal : adaptative moving average 20

Type : Bearish

Timeframe : 1 hour


Bearish trend reversal : adaptative moving average 50

Type : Bearish

Timeframe : 1 hour


Bearish price crossover with Moving Average 20

Type : Bearish

Timeframe : 1 hour


Bearish price crossover with Moving Average 50

Type : Bearish

Timeframe : 1 hour


Bearish price crossover with adaptative 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, 7 are neutral and 5 are bearish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Central Indicators

RSI indicator is back under 50

Type : Bearish

Timeframe : 1 hour


Ichimoku : price is under the cloud

Type : Bearish

Timeframe : 1 hour


Price is back over the pivot point

Type : Bullish

Timeframe : Weekly


Williams %R indicator is back under -50

Type : Bearish

Timeframe : 1 hour



The analysis of the price chart with Central Patterns scanners does not return any result.

The presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:

Central Candlesticks

Downside gap

Type : Bearish

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 6.05 6.90 7.03 7.12 7.25 7.45 7.77
Change (%) -15.03% -3.09% -1.26% - +1.83% +4.63% +9.13%
Change -1.07 -0.22 -0.09 - +0.13 +0.33 +0.65
Level Major Minor Intermediate - Major Major Minor



Attention could also be paid to pivot points to set price objectives:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard6.736.866.997.127.257.387.51
Camarilla7.057.077.107.127.147.177.19
Woodie6.736.866.997.127.257.387.51
Fibonacci6.866.967.027.127.227.287.38


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard5.435.966.917.448.398.929.87
Camarilla7.457.597.727.868.008.138.27
Woodie5.646.077.127.558.609.0310.08
Fibonacci5.966.536.887.448.018.368.92


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard3.984.756.046.818.108.8710.16
Camarilla6.776.967.157.347.537.727.91
Woodie4.254.886.316.948.379.0010.43
Fibonacci4.755.536.026.817.598.088.87

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): 48.24
MACD (12,26,9): 0.0000
Directional Movement: -0.83
AROON (14): 64.28
DEMA (21): 7.16
Parabolic SAR (0,02-0,02-0,2): 7.00
Elder Ray (13): -0.02
Super Trend (3,10): 7.05
Zig ZAG (10): 7.14
VORTEX (21): 0.8600
Stochastique (14,3,5): 42.52
TEMA (21): 7.16
Williams %R (14): -62.50
Chande Momentum Oscillator (20): 0.00
Repulse (5,40,3): -0.2100
ROCnROLL: 2
TRIX (15,9): 0.0100
Courbe Coppock: 0.66
MA7: 7.27
MA20: 6.90
MA50: 6.43
MA100: 6.56
MAexp7: 7.16
MAexp20: 7.16
MAexp50: 7.16
MAexp100: 7.19
Price / MA7: -2.06%
Price / MA20: +3.19%
Price / MA50: +10.73%
Price / MA100: +8.54%
Price / MAexp7: -0.56%
Price / MAexp20: -0.56%
Price / MAexp50: -0.56%
Price / MAexp100: -0.97%

Quotes : 2020-08-07 12:37:28 - Real time data - Cryptocompare

This member declared not having a position on this financial instrument or a related financial instrument.

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Londinia AI

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