ETHEREUM CLASSIC - ETC/USD - Daily - Technical analysis published on 09/14/2020 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Neutral
De fond:
Bearish
Technical indicators
44%
11%
44%
My opinion
Bearish under 6.74 USD
My targets
5.05 USD (-14.98%)
4.92 USD (-17.17%)
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 under the resistance located at 6.74 USD, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 5.05 USD would be a signal of a reversal in the basic trend and the short-term trend could then quickly become bearish. Sellers would then use the next support located at 4.92 USD as an objective. Crossing it would then enable sellers to target 3.55 USD. If the resistance 6.74 USD were to be broken, this would simply be a sign of possible further short-term consolidation and trading against this trend would then perhaps be more risky.
In the very short term, the general bearish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bearish direction is still favored, however the current short term correction should be carefully watched.
Force
0
10
1.8
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This analysis was given by AKOUSA. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
ETHEREUM CLASSIC - ETC/USD rating 5.94 USD. The price has increased by +16.47% since the last closing and was traded between 5.04 USD and 6.00 USD over the period. The price is currently at +17.86% from its lowest and -1.00% from its highest.5.04
6.00
5.94
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 bearish trend. 71.43% of the signals given by moving averages are bearish. Caution: as the signals currently given by short-term moving averages are rather neutral, the bearish trend could slow down. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
Technical indicators are slightly bullish. There is therefore considerable uncertainty about the continuation of the increase.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Near support of channel
Type : Bullish
Timeframe : Daily
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S2
S1
R1
R2
R3
Price
| S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 3.55 | 5.05 | 5.94 | 6.04 | 6.74 | 7.45 |
| Change (%) | -40.24% | -14.98% | - | +1.68% | +13.47% | +25.42% |
| Change | -2.39 | -0.89 | - | +0.10 | +0.80 | +1.51 |
| Level | Major | Minor | - | Major | Minor | 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 |
|---|---|---|---|---|---|---|---|
| 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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 50.23 | |
| MACD (12,26,9): | -0.3600 | |
| Directional Movement: | 3.62 | |
| AROON (14): | -14.29 | |
| DEMA (21): | 5.25 | |
| Parabolic SAR (0,02-0,02-0,2): | 4.66 | |
| Elder Ray (13): | -0.04 | |
| Super Trend (3,10): | 6.90 | |
| Zig ZAG (10): | 5.90 | |
| VORTEX (21): | 0.8700 | |
| Stochastique (14,3,5): | 38.76 | |
| TEMA (21): | 5.08 | |
| Williams %R (14): | -37.99 | |
| Chande Momentum Oscillator (20): | -0.37 | |
| Repulse (5,40,3): | 13.8100 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.8800 | |
| Courbe Coppock: | 34.66 |
| MA7: | 5.28 | |
| MA20: | 5.79 | |
| MA50: | 6.54 | |
| MA100: | 6.39 | |
| MAexp7: | 5.42 | |
| MAexp20: | 5.73 | |
| MAexp50: | 6.17 | |
| MAexp100: | 6.35 | |
| Price / MA7: | +12.50% | |
| Price / MA20: | +2.59% | |
| Price / MA50: | -9.17% | |
| Price / MA100: | -7.04% | |
| Price / MAexp7: | +9.59% | |
| Price / MAexp20: | +3.66% | |
| Price / MAexp50: | -3.73% | |
| Price / MAexp100: | -6.46% |
Quotes :
2020-09-14 22:57:12
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Real time data
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Cryptocompare
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