ETHEREUM CLASSIC - ETC/USD - 1H - Technical analysis published on 09/14/2020 (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:
Strongly bullish
De fond:
Bullish
Technical indicators
67%
11%
22%
My opinion
Bullish above 5.21 USD
My targets
5.52 USD (+4.74%)
5.66 USD (+7.40%)
My analysis
In the short term, there could be an acceleration of the basic bullish trend on ETHEREUM CLASSIC - ETC/USD. This is a positive signal for buyers. As long as the price remains above 5.21 USD, a purchase could be considered. The first bullish objective is located at 5.52 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 5.66 USD as an objective. Crossing it would then enable buyers to target 6.04 USD. In the event of a return below 5.21 USD, the price would probably only initiate a small short-term correction to improve the bullish trend. Trading this correction may be risky.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
6.6
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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 5.27 USD. The price has increased by +3.33% since the last closing and was traded between 5.04 USD and 5.39 USD over the period. The price is currently at +4.56% from its lowest and -2.23% from its highest.5.04
5.39
5.27
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 bullish trend. 78.57% of the signals given by moving averages are bullish. This bullish trend is supported by the strong bullish signals given by short-term moving averages. An assessment of moving averages reveals a bullish signal that could impact this trend:
Bullish trend reversal : Moving Average 50
Type : Bullish
Timeframe : 1 hour
In fact, 12 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Previous candle closed over Bollinger bands
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Ichimoku : price is over the cloud
Type : Bullish
Timeframe : 1 hour
SuperTrend indicator bullish reversal
Type : Bullish
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
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 | 4.82 | 5.05 | 5.21 | 5.27 | 5.66 | 6.04 | 6.45 |
| Change (%) | -8.54% | -4.17% | -1.14% | - | +7.40% | +14.61% | +22.39% |
| Change | -0.45 | -0.22 | -0.06 | - | +0.39 | +0.77 | +1.18 |
| Level | Intermediate | Minor | Intermediate | - | Intermediate | Major | 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 |
|---|---|---|---|---|---|---|---|
| Standard | 4.33 | 4.63 | 4.87 | 5.17 | 5.41 | 5.71 | 5.95 |
| Camarilla | 4.95 | 5.00 | 5.05 | 5.10 | 5.15 | 5.20 | 5.25 |
| Woodie | 4.29 | 4.62 | 4.83 | 5.16 | 5.37 | 5.70 | 5.91 |
| Fibonacci | 4.63 | 4.84 | 4.97 | 5.17 | 5.38 | 5.51 | 5.71 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.94 | 3.88 | 4.58 | 5.52 | 6.22 | 7.16 | 7.86 |
| Camarilla | 4.83 | 4.98 | 5.13 | 5.28 | 5.43 | 5.58 | 5.73 |
| Woodie | 2.82 | 3.82 | 4.46 | 5.46 | 6.10 | 7.10 | 7.74 |
| Fibonacci | 3.88 | 4.51 | 4.89 | 5.52 | 6.15 | 6.53 | 7.16 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.64 | 4.92 | 5.75 | 7.03 | 7.86 | 9.14 | 9.97 |
| Camarilla | 6.00 | 6.19 | 6.39 | 6.58 | 6.77 | 6.97 | 7.16 |
| Woodie | 3.42 | 4.81 | 5.53 | 6.92 | 7.64 | 9.03 | 9.75 |
| Fibonacci | 4.92 | 5.73 | 6.22 | 7.03 | 7.84 | 8.33 | 9.14 |
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): | 52.64 | |
| MACD (12,26,9): | 0.0100 | |
| Directional Movement: | -4.48 | |
| AROON (14): | 85.71 | |
| DEMA (21): | 5.23 | |
| Parabolic SAR (0,02-0,02-0,2): | 5.10 | |
| Elder Ray (13): | 0.05 | |
| Super Trend (3,10): | 4.88 | |
| Zig ZAG (10): | 5.28 | |
| VORTEX (21): | 0.9200 | |
| Stochastique (14,3,5): | 70.36 | |
| TEMA (21): | 5.25 | |
| Williams %R (14): | -37.50 | |
| Chande Momentum Oscillator (20): | 0.01 | |
| Repulse (5,40,3): | -2.2500 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0200 | |
| Courbe Coppock: | 3.37 |
| MA7: | 5.18 | |
| MA20: | 5.76 | |
| MA50: | 6.53 | |
| MA100: | 6.38 | |
| MAexp7: | 5.24 | |
| MAexp20: | 5.22 | |
| MAexp50: | 5.23 | |
| MAexp100: | 5.22 | |
| Price / MA7: | +1.74% | |
| Price / MA20: | -8.51% | |
| Price / MA50: | -19.30% | |
| Price / MA100: | -17.40% | |
| Price / MAexp7: | +0.57% | |
| Price / MAexp20: | +0.96% | |
| Price / MAexp50: | +0.76% | |
| Price / MAexp100: | +0.96% |
Quotes :
2020-09-14 19:57:20
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Real time data
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