ETHEREUM CLASSIC - ETC/USD - 1H - Technical analysis published on 08/16/2020 (GMT)
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- Timeframe : 1H
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Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
33%
11%
56%
My opinion
Bullish above 7.11 USD
My targets
7.45 USD (+3.19%)
8.31 USD (+15.06%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on ETHEREUM CLASSIC - ETC/USD as long as the price remains well above 7.11 USD. The buyers” bullish objective is set at 7.45 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 8.31 USD. If there is any crossing, the next objective would be the resistance located at 8.88 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.
Force
0
10
6.8
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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 price is 7.22 USD. The price has increased by +0.42% since the last closing with the lowest point at 7.06 USD and the highest point at 7.23 USD. The deviation from the price is +2.27% for the low point and -0.14% for the high point.7.06
7.23
7.22
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
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
A technical analysis in 1H of this ETHEREUM CLASSIC - ETC/USD chart shows a strongly bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner detects bullish and bearish signals on moving averages that could impact this trend:
Moving Average bullish crossovers : AMA50 & AMA100
Type : Bullish
Timeframe : 1 hour
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : 1 hour
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Other results related to technical indicators were also found by the Central Indicators scanner:
MACD crosses DOWN its Moving Average
Type : Bearish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is back under -50
Type : Bearish
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
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 | 7.04 | 7.11 | 7.19 | 7.22 | 7.45 | 8.88 | 9.82 |
| Change (%) | -2.49% | -1.52% | -0.42% | - | +3.19% | +22.99% | +36.01% |
| Change | -0.18 | -0.11 | -0.03 | - | +0.23 | +1.66 | +2.60 |
| Level | Minor | 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 | 6.49 | 6.68 | 6.93 | 7.12 | 7.37 | 7.56 | 7.81 |
| Camarilla | 7.07 | 7.11 | 7.15 | 7.19 | 7.23 | 7.27 | 7.31 |
| Woodie | 6.53 | 6.70 | 6.97 | 7.14 | 7.41 | 7.58 | 7.85 |
| Fibonacci | 6.68 | 6.85 | 6.95 | 7.12 | 7.29 | 7.39 | 7.56 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.88 | 6.18 | 6.69 | 6.99 | 7.50 | 7.80 | 8.31 |
| Camarilla | 6.97 | 7.04 | 7.12 | 7.19 | 7.26 | 7.34 | 7.41 |
| Woodie | 5.98 | 6.23 | 6.79 | 7.04 | 7.60 | 7.85 | 8.41 |
| Fibonacci | 6.18 | 6.49 | 6.68 | 6.99 | 7.30 | 7.49 | 7.80 |
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): | 51.70 | |
| MACD (12,26,9): | 0.0500 | |
| Directional Movement: | 3.42 | |
| AROON (14): | -21.43 | |
| DEMA (21): | 7.17 | |
| Parabolic SAR (0,02-0,02-0,2): | 7.23 | |
| Elder Ray (13): | -0.04 | |
| Super Trend (3,10): | 6.87 | |
| Zig ZAG (10): | 7.12 | |
| VORTEX (21): | 0.9700 | |
| Stochastique (14,3,5): | 63.64 | |
| TEMA (21): | 7.18 | |
| Williams %R (14): | -40.91 | |
| Chande Momentum Oscillator (20): | -0.14 | |
| Repulse (5,40,3): | -0.0900 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.1300 | |
| Courbe Coppock: | 2.38 |
| MA7: | 6.93 | |
| MA20: | 7.10 | |
| MA50: | 6.56 | |
| MA100: | 6.55 | |
| MAexp7: | 7.14 | |
| MAexp20: | 7.10 | |
| MAexp50: | 7.00 | |
| MAexp100: | 6.94 | |
| Price / MA7: | +4.18% | |
| Price / MA20: | +1.69% | |
| Price / MA50: | +10.06% | |
| Price / MA100: | +10.23% | |
| Price / MAexp7: | +1.12% | |
| Price / MAexp20: | +1.69% | |
| Price / MAexp50: | +3.14% | |
| Price / MAexp100: | +4.03% |
Quotes :
2020-08-16 01:36:39
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Real time data
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Cryptocompare
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