ETHEREUM CLASSIC - ETC/USD - 1H - Technical analysis published on 06/28/2021 (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
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 42.62 USD
My targets
45.37 USD (+4.44%)
50.41 USD (+16.05%)
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 42.62 USD. The buyers' bullish objective is set at 45.37 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 50.41 USD. If there is any crossing, the next objective would be the resistance located at 52.29 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
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
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The ETHEREUM CLASSIC - ETC/USD price is 43.44 USD. The price registered an increase of +2.82% on the session and was traded between 41.13 USD and 43.86 USD over the period. The price is currently at +5.62% from its lowest and -0.96% from its highest.41.13
43.86
43.44
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of this 1H chart of ETHEREUM CLASSIC - ETC/USD indicates that the overall trend is strongly bullish. The signals given by the moving averages are 85.71% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : 1 hour
Technical indicators are strongly bullish, suggesting that the price increase should continue.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
MACD indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
MACD crosses UP its Moving Average
Type : Bullish
Timeframe : 1 hour
Parabolic SAR indicator bullish reversal
Type : Bullish
Timeframe : 1 hour
Aroon indicator bullish trend
Type : Bullish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 1 hour
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 horizontal resistance
Type : Bearish
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 | 36.32 | 38.31 | 42.62 | 43.44 | 45.37 | 52.29 | 55.60 |
| Change (%) | -16.39% | -11.81% | -1.89% | - | +4.44% | +20.37% | +27.99% |
| Change | -7.12 | -5.13 | -0.82 | - | +1.93 | +8.85 | +12.16 |
| Level | Intermediate | Major | Intermediate | - | Intermediate | Intermediate | Minor |
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 |
|---|---|---|---|---|---|---|---|
| Standard | 37.35 | 38.40 | 40.33 | 41.38 | 43.31 | 44.36 | 46.29 |
| Camarilla | 41.43 | 41.70 | 41.98 | 42.25 | 42.52 | 42.80 | 43.07 |
| Woodie | 37.78 | 38.62 | 40.76 | 41.60 | 43.74 | 44.58 | 46.72 |
| Fibonacci | 38.40 | 39.54 | 40.25 | 41.38 | 42.52 | 43.23 | 44.36 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 12.25 | 22.28 | 31.33 | 41.36 | 50.41 | 60.44 | 69.49 |
| Camarilla | 35.13 | 36.88 | 38.63 | 40.38 | 42.13 | 43.88 | 45.63 |
| Woodie | 11.76 | 22.04 | 30.84 | 41.12 | 49.92 | 60.20 | 69.00 |
| Fibonacci | 22.28 | 29.57 | 34.07 | 41.36 | 48.65 | 53.15 | 60.44 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -62.31 | -11.13 | 29.54 | 80.72 | 121.39 | 172.57 | 213.24 |
| Camarilla | 44.94 | 53.36 | 61.78 | 70.20 | 78.62 | 87.04 | 95.46 |
| Woodie | -67.58 | -13.76 | 24.28 | 78.09 | 116.13 | 169.94 | 207.98 |
| Fibonacci | -11.13 | 23.96 | 45.64 | 80.72 | 115.81 | 137.49 | 172.57 |
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): | 65.23 | |
| MACD (12,26,9): | 0.4500 | |
| Directional Movement: | 24.59 | |
| AROON (14): | 21.43 | |
| DEMA (21): | 42.26 | |
| Parabolic SAR (0,02-0,02-0,2): | 41.13 | |
| Elder Ray (13): | 0.97 | |
| Super Trend (3,10): | 40.99 | |
| Zig ZAG (10): | 43.05 | |
| VORTEX (21): | 1.2100 | |
| Stochastique (14,3,5): | 59.83 | |
| TEMA (21): | 42.49 | |
| Williams %R (14): | -4.74 | |
| Chande Momentum Oscillator (20): | 2.12 | |
| Repulse (5,40,3): | 4.5500 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1500 | |
| Courbe Coppock: | 3.86 |
| MA7: | 40.87 | |
| MA20: | 49.98 | |
| MA50: | 65.22 | |
| MA100: | 49.95 | |
| MAexp7: | 42.68 | |
| MAexp20: | 41.67 | |
| MAexp50: | 41.10 | |
| MAexp100: | 41.12 | |
| Price / MA7: | +6.29% | |
| Price / MA20: | -13.09% | |
| Price / MA50: | -33.39% | |
| Price / MA100: | -13.03% | |
| Price / MAexp7: | +1.78% | |
| Price / MAexp20: | +4.25% | |
| Price / MAexp50: | +5.69% | |
| Price / MAexp100: | +5.64% |
Quotes :
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Real time data
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