ETHEREUM CLASSIC - ETC/USD - 1H - Technical analysis published on 12/28/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
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Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
83%
6%
11%
My opinion
Bullish above 5.85 USD
My targets
6.19 USD (+1.81%)
6.57 USD (+8.06%)
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 5.85 USD. The next resistance located at 6.19 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 6.57 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, 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
8.6
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This analysis was given by teodorassenov69. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The ETHEREUM CLASSIC - ETC/USD price is 6.08 USD. On the day, this instrument gained +4.47% and was between 5.76 USD and 6.15 USD. This implies that the price is at +5.56% from its lowest and at -1.14% from its highest.5.76
6.15
6.08
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
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
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. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
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 1
Type : Neutral
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
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 | 5.27 | 5.53 | 5.77 | 6.08 | 6.19 | 6.57 | 6.74 |
| Change (%) | -13.32% | -9.05% | -5.10% | - | +1.81% | +8.06% | +10.86% |
| Change | -0.81 | -0.55 | -0.31 | - | +0.11 | +0.49 | +0.66 |
| Level | Minor | Intermediate | Major | - | Intermediate | Minor | Minor |
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 | 4.90 | 5.19 | 5.51 | 5.80 | 6.12 | 6.41 | 6.73 |
| Camarilla | 5.65 | 5.71 | 5.76 | 5.82 | 5.88 | 5.93 | 5.99 |
| Woodie | 4.91 | 5.20 | 5.52 | 5.81 | 6.13 | 6.42 | 6.74 |
| Fibonacci | 5.19 | 5.43 | 5.57 | 5.80 | 6.04 | 6.18 | 6.41 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.56 | 3.67 | 4.74 | 5.85 | 6.92 | 8.03 | 9.10 |
| Camarilla | 5.22 | 5.42 | 5.62 | 5.82 | 6.02 | 6.22 | 6.42 |
| Woodie | 2.55 | 3.66 | 4.73 | 5.84 | 6.91 | 8.02 | 9.09 |
| Fibonacci | 3.67 | 4.50 | 5.01 | 5.85 | 6.68 | 7.19 | 8.03 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.50 | 3.10 | 4.75 | 6.35 | 8.00 | 9.60 | 11.25 |
| Camarilla | 5.50 | 5.79 | 6.09 | 6.39 | 6.69 | 6.99 | 7.28 |
| Woodie | 1.52 | 3.11 | 4.77 | 6.36 | 8.02 | 9.61 | 11.27 |
| Fibonacci | 3.10 | 4.35 | 5.11 | 6.35 | 7.60 | 8.36 | 9.60 |
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): | 63.64 | |
| MACD (12,26,9): | 0.0600 | |
| Directional Movement: | 22.36 | |
| AROON (14): | 71.43 | |
| DEMA (21): | 6.01 | |
| Parabolic SAR (0,02-0,02-0,2): | 5.84 | |
| Elder Ray (13): | 0.14 | |
| Super Trend (3,10): | 5.84 | |
| Zig ZAG (10): | 6.08 | |
| VORTEX (21): | 1.0500 | |
| Stochastique (14,3,5): | 92.43 | |
| TEMA (21): | 6.02 | |
| Williams %R (14): | -15.38 | |
| Chande Momentum Oscillator (20): | 0.28 | |
| Repulse (5,40,3): | 3.0500 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0800 | |
| Courbe Coppock: | 4.68 |
| MA7: | 5.77 | |
| MA20: | 6.07 | |
| MA50: | 6.01 | |
| MA100: | 5.80 | |
| MAexp7: | 6.03 | |
| MAexp20: | 5.94 | |
| MAexp50: | 5.86 | |
| MAexp100: | 5.82 | |
| Price / MA7: | +5.37% | |
| Price / MA20: | +0.16% | |
| Price / MA50: | +1.16% | |
| Price / MA100: | +4.83% | |
| Price / MAexp7: | +0.83% | |
| Price / MAexp20: | +2.36% | |
| Price / MAexp50: | +3.75% | |
| Price / MAexp100: | +4.47% |
Quotes :
2020-12-28 11:32:51
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Real time data
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Cryptocompare
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