ETHEREUM CLASSIC - ETC/USD - Daily - Technical analysis published on 08/12/2020 (GMT)
- 224
- 0
- Timeframe : Daily
- - Analysis generated on
- Status : NEUTRAL
Summary of the analysis
Trends
Court terme:
Neutral
De fond:
Slightly bullish
Technical indicators
17%
50%
33%
My opinion
Neutral between 6.05 USD and 7.45 USD
My targets
-
My analysis
A slightly bullish trend and a neutral short term. With such a pattern, it is difficult to favour buying or selling. The first resistance is located at 7.45 USD. The first support is located at 6.05 USD. A very slight advantage is given by the slightly bullish basic trend so that the resistance is reached first, but should we take this into account? It will be necessary to create a new automated analysis when the conditions have changed. This may be the case, for example, when the first resistance has been broken above or the first support has been broken below.
In the very short term, despite the neutral opinion of this analysis, technical indicators are bearish and could soon allow change to a bearish sentiment.
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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 6.67 USD. On the day, this instrument lost -1.19% and was between 6.50 USD and 6.78 USD. This implies that the price is at +2.62% from its lowest and at -1.62% from its highest.6.50
6.78
6.67
A study of price movements over other periods shows the following variations:
Technical
A technical analysis in Daily of this ETHEREUM CLASSIC - ETC/USD chart shows a slightly bullish trend. 57.14% of the signals given by moving averages are bullish. As the signals currently given by short-term moving averages are rather neutral, the slightly bullish trend could return to neutral. An assessment of moving averages reveals several bearish signals that could impact this trend:
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : Daily
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : Daily
In fact, according to the parameters integrated into the Central Analyzer system, only 9 technical indicators out of 18 analysed are currently bearish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
RSI indicator is back under 50
Type : Bearish
Timeframe : Daily
Ichimoku - Bearish crossover : Tenkan & Kijun
Type : Bearish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Support of channel is broken
Type : Bearish
Timeframe : Daily
Support of triangle is broken
Type : Bearish
Timeframe : Daily
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 | 3.60 | 5.17 | 6.05 | 6.67 | 7.45 | 8.88 | 9.82 |
| Change (%) | -46.03% | -22.49% | -9.30% | - | +11.69% | +33.13% | +47.23% |
| Change | -3.07 | -1.50 | -0.62 | - | +0.78 | +2.21 | +3.15 |
| Level | Major | Minor | Major | - | Major | Minor | 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 | 5.77 | 6.13 | 6.44 | 6.80 | 7.11 | 7.47 | 7.78 |
| Camarilla | 6.57 | 6.63 | 6.69 | 6.75 | 6.81 | 6.87 | 6.93 |
| Woodie | 5.75 | 6.12 | 6.42 | 6.79 | 7.09 | 7.46 | 7.76 |
| Fibonacci | 6.13 | 6.39 | 6.54 | 6.80 | 7.06 | 7.21 | 7.47 |
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): | 46.75 | |
| MACD (12,26,9): | 0.0900 | |
| Directional Movement: | -4.04 | |
| AROON (14): | -64.29 | |
| DEMA (21): | 7.06 | |
| Parabolic SAR (0,02-0,02-0,2): | 7.90 | |
| Elder Ray (13): | -0.29 | |
| Super Trend (3,10): | 6.50 | |
| Zig ZAG (10): | 6.67 | |
| VORTEX (21): | 1.0400 | |
| Stochastique (14,3,5): | 16.13 | |
| TEMA (21): | 7.00 | |
| Williams %R (14): | -91.21 | |
| Chande Momentum Oscillator (20): | -0.69 | |
| Repulse (5,40,3): | -3.4700 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.4200 | |
| Courbe Coppock: | 3.53 |
| MA7: | 6.89 | |
| MA20: | 7.04 | |
| MA50: | 6.48 | |
| MA100: | 6.55 | |
| MAexp7: | 6.89 | |
| MAexp20: | 6.90 | |
| MAexp50: | 6.68 | |
| MAexp100: | 6.56 | |
| Price / MA7: | -3.19% | |
| Price / MA20: | -5.26% | |
| Price / MA50: | +2.93% | |
| Price / MA100: | +1.83% | |
| Price / MAexp7: | -3.19% | |
| Price / MAexp20: | -3.33% | |
| Price / MAexp50: | -0.15% | |
| Price / MAexp100: | +1.68% |
Quotes :
2020-08-12 17:45:58
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Real time data
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Cryptocompare
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