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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 08/16/2020 (GMT)

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

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Summary of the analysis

Trends
Court terme: Neutral
De fond: Bullish
Technical indicators
33%
28%
39%
My opinion
Bullish above 7.04 USD
My targets
7.19 USD (+1.27%)
7.45 USD (+4.93%)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on ETHEREUM CLASSIC - ETC/USD. As long as you are above the support located at 7.04 USD, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 7.19 USD would be a signal that the basic trade will reverse and the short-term trend could then quickly become bullish. Buyers would then use the next resistance located at 7.45 USD as an objective. Crossing it would then enable buyers to target 8.88 USD. If the support 7.04 USD were to be broken, this would simply be a sign of a possible continuation of short-term consolidation and trading against the trend would then perhaps be more risky.

In the very short term, the general bullish sentiment is not called into question, despite technical indicators being indecisive.
Force
0
10
2.7

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

The ETHEREUM CLASSIC - ETC/USD price is 7.10 USD. On the day, this instrument lost -1.25% and was traded between 6.97 USD and 7.29 USD over the period. The price is currently at +1.87% from its lowest and -2.61% from its highest.

6.97
7.29
7.10

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.

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 ETHEREUM CLASSIC - ETC/USD in 1H shows an overall bullish trend. 71.43% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. An assessment of moving averages reveals several bearish and bullish signals:

Central Indicators

Bearish trend reversal : adaptative moving average 20

Type : Bearish

Timeframe : 1 hour


Moving Average bullish crossovers : AMA50 & AMA100

Type : Bullish

Timeframe : 1 hour



An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Other results related to technical indicators were also found by the Central Indicators scanner:

Central Indicators

RSI indicator is back under 50

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 : 1 hour


Price is back under the pivot point

Type : Bearish

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.

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects these bearish signals that could support the hypothesis of a small drop in the very short term:

Central Candlesticks

Black evening star

Type : Bearish

Timeframe : 1 hour


Downside gap

Type : Bearish

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 6.81 6.95 7.04 7.10 7.11 7.19 7.45
Change (%) -4.08% -2.11% -0.85% - +0.14% +1.27% +4.93%
Change -0.29 -0.15 -0.06 - +0.01 +0.09 +0.35
Level Major Major Minor - Minor Major Major



Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard6.496.686.937.127.377.567.81
Camarilla7.077.117.157.197.237.277.31
Woodie6.536.706.977.147.417.587.85
Fibonacci6.686.856.957.127.297.397.56


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard5.886.186.696.997.507.808.31
Camarilla6.977.047.127.197.267.347.41
Woodie5.986.236.797.047.607.858.41
Fibonacci6.186.496.686.997.307.497.80


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): 48.19
MACD (12,26,9): 0.0000
Directional Movement: -5.85
AROON (14): -50.00
DEMA (21): 7.14
Parabolic SAR (0,02-0,02-0,2): 7.25
Elder Ray (13): -0.03
Super Trend (3,10): 6.95
Zig ZAG (10): 7.10
VORTEX (21): 0.9000
Stochastique (14,3,5): 47.62
TEMA (21): 7.10
Williams %R (14): -55.17
Chande Momentum Oscillator (20): -0.11
Repulse (5,40,3): 0.1500
ROCnROLL: -1
TRIX (15,9): 0.0300
Courbe Coppock: 2.53
MA7: 6.92
MA20: 7.10
MA50: 6.56
MA100: 6.55
MAexp7: 7.11
MAexp20: 7.13
MAexp50: 7.07
MAexp100: 7.00
Price / MA7: +2.60%
Price / MA20: -0%
Price / MA50: +8.23%
Price / MA100: +8.40%
Price / MAexp7: -0.14%
Price / MAexp20: -0.42%
Price / MAexp50: +0.42%
Price / MAexp100: +1.43%

Quotes : 2020-08-16 18:28:58 - Real time data - Cryptocompare

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

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