ETHEREUM CLASSIC - ETC/USD
ETHEREUM CLASSIC - ETC/USD
- USD (-)
- Real time data - CoinMarketCap
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Type: Cryptocurrencies
Ticker: ETCUSD
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ETHEREUM CLASSIC - ETC/USD - 1H - Technical analysis published on 08/10/2020 (GMT)

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  • Timeframe : 1H
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Summary of the analysis

Trends
Court terme: Bullish
De fond: Slightly bullish
Technical indicators
78%
0%
22%
My opinion
Bullish above 6.99 USD
My targets
7.28 USD (+3.12%)
7.45 USD (+5.52%)
My analysis
The bullish trend is truly tentative and does not seem to be supported in the short term. It is advisable to trade ETHEREUM CLASSIC - ETC/USD with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 6.99 USD. The buyers” bullish objective is set at 7.28 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 7.45 USD. If there is any crossing, the next objective would be the resistance located at 7.77 USD. If there is a bearish break in the support located at 6.99 USD some indecision would arise.

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
5.5

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

Additional analysis

Quotes

The ETHEREUM CLASSIC - ETC/USD price is 7.06 USD. On the day, this instrument gained +3.22% and was traded between 6.81 USD and 7.06 USD over the period. The price is currently at +3.67% from its lowest and 0% from its highest.

6.81
7.06
7.06

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

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



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 an overall slightly bullish trend. 60.71% of the signals given by moving averages are bullish. The overall trend remains fragile, as do the slightly bullish signals given by short-term moving averages. An assessment of moving averages reveals several bullish signals that could impact this trend:

Central Indicators

Bullish trend reversal : adaptative moving average 50

Type : Bullish

Timeframe : 1 hour


Bullish trend reversal : adaptative moving average 100

Type : Bullish

Timeframe : 1 hour


Bullish price crossover with adaptative moving average 100

Type : Bullish

Timeframe : 1 hour



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:

Central Indicators

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Central Indicators

Aroon indicator bullish trend

Type : Bullish

Timeframe : 1 hour


Ichimoku : price is over the cloud

Type : Bullish

Timeframe : 1 hour


SuperTrend indicator bullish reversal

Type : Bullish

Timeframe : 1 hour


Price is back under the pivot point

Type : Bearish

Timeframe : Weekly



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

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 6.65 6.83 6.99 7.06 7.45 7.77 8.31
Change (%) -5.81% -3.26% -0.99% - +5.52% +10.06% +17.71%
Change -0.41 -0.23 -0.07 - +0.39 +0.71 +1.25
Level Minor Intermediate Minor - Major 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
Standard6.196.466.656.927.117.387.57
Camarilla6.716.766.806.846.886.926.97
Woodie6.156.446.616.907.077.367.53
Fibonacci6.466.646.746.927.107.207.38


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard4.595.626.257.287.918.949.57
Camarilla6.426.586.736.887.037.187.34
Woodie4.395.526.057.187.718.849.37
Fibonacci5.626.256.657.287.918.318.94


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 the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators
Moving averages

RSI (14): 64.49
MACD (12,26,9): 0.0200
Directional Movement: 16.89
AROON (14): 50.00
DEMA (21): 6.95
Parabolic SAR (0,02-0,02-0,2): 6.79
Elder Ray (13): 0.09
Super Trend (3,10): 6.86
Zig ZAG (10): 7.04
VORTEX (21): 1.0600
Stochastique (14,3,5): 85.90
TEMA (21): 6.97
Williams %R (14): -8.00
Chande Momentum Oscillator (20): 0.12
Repulse (5,40,3): 0.4300
ROCnROLL: 1
TRIX (15,9): 0.0100
Courbe Coppock: 1.33
MA7: 7.02
MA20: 7.01
MA50: 6.46
MA100: 6.56
MAexp7: 6.99
MAexp20: 6.93
MAexp50: 6.93
MAexp100: 6.97
Price / MA7: +0.57%
Price / MA20: +0.71%
Price / MA50: +9.29%
Price / MA100: +7.62%
Price / MAexp7: +1.00%
Price / MAexp20: +1.88%
Price / MAexp50: +1.88%
Price / MAexp100: +1.29%

Quotes : 2020-08-10 18:14:06 - Real time data - Cryptocompare

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

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