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:
Strongly bullish
Technical indicators
94%
0%
6%
My opinion
Bullish above 5.66 USD
My targets
6.04 USD (+3.42%)
6.45 USD (+10.45%)
My analysis
ETHEREUM CLASSIC - ETC/USD is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 5.66 USD. The next resistance located at 6.04 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 6.45 USD. After this resistance, buyers could then target 6.74 USD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
9.1
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Additional analysis
Quotes
The ETHEREUM CLASSIC - ETC/USD rating is 5.84 USD. On the day, this instrument gained +14.51% with the lowest point at 5.04 USD and the highest point at 6.00 USD. The deviation from the price is +15.87% for the low point and -2.67% for the high point.5.04
6.00
5.84
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of ETHEREUM CLASSIC - ETC/USD in 1H shows a strongly overall 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. An assessment of moving averages reveals a bullish signal that could impact this trend:
Moving Average bullish crossovers : AMA20 & AMA50
Type : Bullish
Timeframe : 1 hour
In fact, 17 technical indicators on 18 studied are currently positioned bullish. But beware of excesses. The Central Indicators scanner currently detects this:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : 1 hour
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 5.05 | 5.21 | 5.66 | 5.84 | 6.04 | 6.45 | 6.74 |
| Change (%) | -13.53% | -10.79% | -3.08% | - | +3.42% | +10.45% | +15.41% |
| Change | -0.79 | -0.63 | -0.18 | - | +0.20 | +0.61 | +0.90 |
| Level | Minor | Intermediate | Intermediate | - | Major | Intermediate | Minor |
Attention could also be paid to pivot points to set price objectives:
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): | 70.21 | |
| MACD (12,26,9): | 0.1200 | |
| Directional Movement: | 21.13 | |
| AROON (14): | 100.00 | |
| DEMA (21): | 5.49 | |
| Parabolic SAR (0,02-0,02-0,2): | 5.23 | |
| Elder Ray (13): | 0.45 | |
| Super Trend (3,10): | 5.35 | |
| Zig ZAG (10): | 5.90 | |
| VORTEX (21): | 1.1100 | |
| Stochastique (14,3,5): | 95.64 | |
| TEMA (21): | 5.61 | |
| Williams %R (14): | -1.16 | |
| Chande Momentum Oscillator (20): | 0.71 | |
| Repulse (5,40,3): | 8.6700 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0900 | |
| Courbe Coppock: | 13.17 |
| MA7: | 5.28 | |
| MA20: | 5.79 | |
| MA50: | 6.54 | |
| MA100: | 6.39 | |
| MAexp7: | 5.59 | |
| MAexp20: | 5.37 | |
| MAexp50: | 5.29 | |
| MAexp100: | 5.26 | |
| Price / MA7: | +10.61% | |
| Price / MA20: | +0.86% | |
| Price / MA50: | -10.70% | |
| Price / MA100: | -8.61% | |
| Price / MAexp7: | +4.47% | |
| Price / MAexp20: | +8.75% | |
| Price / MAexp50: | +10.40% | |
| Price / MAexp100: | +11.03% |
Quotes :
2020-09-14 22:58:23
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Real time data
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