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ETHEREUM CLASSIC - ETC/USD
ETHEREUM CLASSIC - ETC/USD
- USD (-)
- Real time data - Cryptocompare
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Cryptocurrencies
Ticker: ETCUSD
ISIN:

ETHEREUM CLASSIC - ETC/USD - 15 min. - Technical analysis published on 05/14/2021 (GMT)

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  • Timeframe : 15 min.
  • - Analysis generated on
  • Status : TARGET REACHED

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Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Strongly bullish
Technical indicators
78%
6%
17%
My opinion
Bullish above 89.61 USD
My targets
104.02 USD (+6.29%)
112.71 USD (+15.17%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on ETHEREUM CLASSIC - ETC/USD as long as the price remains well above 89.61 USD. The buyers' bullish objective is set at 104.02 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 112.71 USD. If there is any crossing, the next objective would be the resistance located at 133.96 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

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
8

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

Vincent Launay
This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
1H Daily Weekly

Additional analysis

Quotes

ETHEREUM CLASSIC - ETC/USD rating 97.86 USD. The price has increased by +9.86% since the last closing and was between 87.15 USD and 98.56 USD. This implies that the price is at +12.29% from its lowest and at -0.71% from its highest.

87.15
98.56
97.86

The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



Here is a more detailed summary of the historical variations registered by ETHEREUM CLASSIC - ETC/USD:

Technical


A technical analysis in 15 min. of this ETHEREUM CLASSIC - ETC/USD chart shows a strongly bullish trend. 89.29% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. An assessment of moving averages reveals several bullish signals that could impact this trend:

Central Indicators

Bullish trend reversal : Moving Average 20

Type : Bullish

Timeframe : 15 minutes


Bullish trend reversal : Moving Average 100

Type : Bullish

Timeframe : 15 minutes


Moving Average bullish crossovers : MA50 & MA100

Type : Bullish

Timeframe : 15 minutes



The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : 15 minutes


CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 15 minutes


Previous candle closed over Bollinger bands

Type : Neutral

Timeframe : 15 minutes


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 15 minutes

Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Central Indicators

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly



No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

The presence of these Japanese chandelier patterns detected by Central Candlesticks that could impact the current short-term trend were also noted:

Central Candlesticks

Bearish harami

Type : Bearish

Timeframe : 15 minutes


Bullish engulfing lines

Type : Bullish

Timeframe : 15 minutes




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 38.31 79.17 93.11 97.86 109.35 133.96 175.30
Change (%) -60.85% -19.10% -4.85% - +11.74% +36.89% +79.13%
Change -59.55 -18.69 -4.75 - +11.49 +36.10 +77.44
Level Intermediate Intermediate Minor - 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
Standard64.2371.7080.3987.8696.55104.02112.71
Camarilla84.6486.1287.6089.0890.5692.0493.52
Woodie64.8472.0181.0088.1797.16104.33113.32
Fibonacci71.7077.8781.6987.8694.0397.85104.02


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard-78.06-18.0155.19115.24188.44248.49321.69
Camarilla91.74103.95116.17128.38140.60152.81165.02
Woodie-71.50-14.7261.76118.53195.01251.78328.26
Fibonacci-18.0132.9064.34115.24166.15197.59248.49


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard-19.98-3.3016.5533.2353.0869.7689.61
Camarilla26.3529.7033.0536.4039.7543.1046.45
Woodie-18.40-2.5118.1434.0254.6770.5591.20
Fibonacci-3.3010.6519.2833.2347.1855.8169.76

Numerical data


The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators
Moving averages

RSI (14): 67.93
MACD (12,26,9): 1.6900
Directional Movement: 21.41
AROON (14): 85.71
DEMA (21): 93.09
Parabolic SAR (0,02-0,02-0,2): 90.01
Elder Ray (13): 2.80
Super Trend (3,10): 89.91
Zig ZAG (10): 95.75
VORTEX (21): 1.2000
Stochastique (14,3,5): 86.01
TEMA (21): 94.64
Williams %R (14): -13.96
Chande Momentum Oscillator (20): 6.54
Repulse (5,40,3): 1.7700
ROCnROLL: 1
TRIX (15,9): 0.2000
Courbe Coppock: 11.75
MA7: 105.03
MA20: 74.82
MA50: 43.24
MA100: 27.65
MAexp7: 94.02
MAexp20: 90.83
MAexp50: 89.11
MAexp100: 89.66
Price / MA7: -6.83%
Price / MA20: +30.79%
Price / MA50: +126.32%
Price / MA100: +253.92%
Price / MAexp7: +4.08%
Price / MAexp20: +7.74%
Price / MAexp50: +9.82%
Price / MAexp100: +9.15%

Quotes : - Real time data - Cryptocompare

This member declared not having a position on this financial instrument or a related financial instrument.

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