ETHEREUM CLASSIC - ETC/USD - 1H - Technical analysis published on 09/15/2020 (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
67%
11%
22%
My opinion
Bullish above 6.04 USD
My targets
6.46 USD (+4.53%)
6.74 USD (+9.06%)
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 6.04 USD. The next resistance located at 6.46 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 6.74 USD. After this resistance, buyers could then target 7.45 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, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
7.9
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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 6.18 USD. The price registered an increase of +4.39% on the session with the lowest point at 5.78 USD and the highest point at 6.33 USD. The deviation from the price is +6.92% for the low point and -2.37% for the high point.5.78
6.33
6.18
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by ETHEREUM CLASSIC - ETC/USD:
Technical
A technical analysis in 1H of this ETHEREUM CLASSIC - ETC/USD chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
The probability of a further increase are moderate given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:
Bullish engulfing lines
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 5.48 | 5.66 | 6.04 | 6.18 | 6.46 | 6.74 | 7.45 |
| Change (%) | -11.33% | -8.41% | -2.27% | - | +4.53% | +9.06% | +20.55% |
| Change | -0.70 | -0.52 | -0.14 | - | +0.28 | +0.56 | +1.27 |
| Level | Minor | Minor | Intermediate | - | Intermediate | Minor | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.35 | 4.69 | 5.31 | 5.65 | 6.27 | 6.61 | 7.23 |
| Camarilla | 5.66 | 5.74 | 5.83 | 5.92 | 6.01 | 6.10 | 6.18 |
| Woodie | 4.48 | 4.76 | 5.44 | 5.72 | 6.40 | 6.68 | 7.36 |
| Fibonacci | 4.69 | 5.06 | 5.29 | 5.65 | 6.02 | 6.25 | 6.61 |
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): | 67.05 | |
| MACD (12,26,9): | 0.1400 | |
| Directional Movement: | 11.85 | |
| AROON (14): | 78.57 | |
| DEMA (21): | 6.11 | |
| Parabolic SAR (0,02-0,02-0,2): | 5.82 | |
| Elder Ray (13): | 0.14 | |
| Super Trend (3,10): | 5.56 | |
| Zig ZAG (10): | 6.15 | |
| VORTEX (21): | 1.0900 | |
| Stochastique (14,3,5): | 58.18 | |
| TEMA (21): | 6.14 | |
| Williams %R (14): | -29.09 | |
| Chande Momentum Oscillator (20): | 0.00 | |
| Repulse (5,40,3): | 2.0500 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.4100 | |
| Courbe Coppock: | 3.16 |
| MA7: | 5.41 | |
| MA20: | 5.78 | |
| MA50: | 6.52 | |
| MA100: | 6.38 | |
| MAexp7: | 6.06 | |
| MAexp20: | 5.92 | |
| MAexp50: | 5.68 | |
| MAexp100: | 5.49 | |
| Price / MA7: | +14.23% | |
| Price / MA20: | +6.92% | |
| Price / MA50: | -5.21% | |
| Price / MA100: | -3.13% | |
| Price / MAexp7: | +1.98% | |
| Price / MAexp20: | +4.39% | |
| Price / MAexp50: | +8.80% | |
| Price / MAexp100: | +12.57% |
Quotes :
2020-09-15 18:55:04
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Real time data
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