ETHEREUM CLASSIC - ETC/USD - 1H - Technical analysis published on 08/09/2020 (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:
Neutral
De fond:
Bearish
Technical indicators
39%
28%
33%
My opinion
Bearish under 6.99 USD
My targets
6.83 USD (-1.16%)
6.65 USD (-3.76%)
My analysis
Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers” generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 6.99 USD remains possible. It is advisable to trade ETHEREUM CLASSIC - ETC/USD with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 6.99 USD. The next bearish objective for sellers is set at 6.83 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 6.65 USD. In case of crossing, the next objective would be the support located at 6.05 USD. PS: if there is a bullish break in the resistance located at 6.99 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
2.5
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This analysis was given by AKOUSA. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
ETHEREUM CLASSIC - ETC/USD rating 6.91 USD. The price has increased by +0.44% since the last closing and was traded between 6.73 USD and 7.19 USD over the period. The price is currently at +2.67% from its lowest and -3.89% from its highest.6.73
7.19
6.91
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
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 ETHEREUM CLASSIC - ETC/USD in 1H shows an overall bearish trend. 67.86% of the signals given by moving averages are bearish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
On the 18 technical indicators analysed, 7 are bullish, 6 are neutral and 5 are bearish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
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 | 6.05 | 6.65 | 6.83 | 6.91 | 6.99 | 7.45 | 7.77 |
| Change (%) | -12.45% | -3.76% | -1.16% | - | +1.16% | +7.81% | +12.45% |
| Change | -0.86 | -0.26 | -0.08 | - | +0.08 | +0.54 | +0.86 |
| Level | Major | Minor | Intermediate | - | Minor | Major | Minor |
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 | 6.61 | 6.70 | 6.79 | 6.88 | 6.97 | 7.06 | 7.15 |
| Camarilla | 6.83 | 6.85 | 6.86 | 6.88 | 6.90 | 6.91 | 6.93 |
| Woodie | 6.61 | 6.70 | 6.79 | 6.88 | 6.97 | 7.06 | 7.15 |
| Fibonacci | 6.70 | 6.77 | 6.81 | 6.88 | 6.95 | 6.99 | 7.06 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.59 | 5.62 | 6.25 | 7.28 | 7.91 | 8.94 | 9.57 |
| Camarilla | 6.42 | 6.58 | 6.73 | 6.88 | 7.03 | 7.18 | 7.34 |
| Woodie | 4.39 | 5.52 | 6.05 | 7.18 | 7.71 | 8.84 | 9.37 |
| Fibonacci | 5.62 | 6.25 | 6.65 | 7.28 | 7.91 | 8.31 | 8.94 |
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 the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 49.15 | |
| MACD (12,26,9): | -0.0200 | |
| Directional Movement: | 1.93 | |
| AROON (14): | -21.43 | |
| DEMA (21): | 6.87 | |
| Parabolic SAR (0,02-0,02-0,2): | 7.10 | |
| Elder Ray (13): | 0.01 | |
| Super Trend (3,10): | 7.02 | |
| Zig ZAG (10): | 6.89 | |
| VORTEX (21): | 0.8400 | |
| Stochastique (14,3,5): | 23.19 | |
| TEMA (21): | 6.85 | |
| Williams %R (14): | -60.87 | |
| Chande Momentum Oscillator (20): | -0.05 | |
| Repulse (5,40,3): | 0.9100 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0100 | |
| Courbe Coppock: | 2.57 |
| MA7: | 7.04 | |
| MA20: | 6.96 | |
| MA50: | 6.45 | |
| MA100: | 6.56 | |
| MAexp7: | 6.84 | |
| MAexp20: | 6.89 | |
| MAexp50: | 6.93 | |
| MAexp100: | 6.99 | |
| Price / MA7: | -1.85% | |
| Price / MA20: | -0.72% | |
| Price / MA50: | +7.13% | |
| Price / MA100: | +5.34% | |
| Price / MAexp7: | +1.02% | |
| Price / MAexp20: | +0.29% | |
| Price / MAexp50: | -0.29% | |
| Price / MAexp100: | -1.14% |
Quotes :
2020-08-09 19:32:19
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Real time data
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