ETHEREUM CLASSIC - ETC/USD - 1H - Technical analysis published on 07/01/2021 (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 bearish
Underlying:
Slightly bullish
Technical indicators
17%
39%
44%
My opinion
Bearish under 54.16 USD
My targets
52.29 USD (-2.24%)
50.41 USD (-5.76%)
My analysis
The strong short-term decline in ETHEREUM CLASSIC - ETC/USD calls into question the currently slightly bullish basic trend. A trend reversal is likely. As long as the price remains below the resistance located at 54.16 USD, one could consider taking advantage of the short-term movement. The first bearish objective is located at 52.29 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 50.41 USD as an objective. Crossing it would then enable sellers to target 45.37 USD. Be careful, a return to above 54.16 USD could jeopardize the reversal.
In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
Force
0
10
1.4
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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 53.49 USD. The price is lower by -7.12% since the last closing and was traded between 52.57 USD and 58.35 USD over the period. The price is currently at +1.75% from its lowest and -8.33% from its highest.52.57
58.35
53.49
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
A technical analysis in 1H of this ETHEREUM CLASSIC - ETC/USD chart shows a slightly bullish trend. 53.57% of the signals given by moving averages are bullish. Caution: the strong bearish signals currently being given by short-term moving averages indicate that this slightly bullish trend could be reversed. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, only 7 technical indicators out of 18 studied are currently bearish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
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:
Support of triangle is broken
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 | 41.25 | 45.37 | 52.29 | 53.49 | 58.99 | 62.37 | 70.20 |
| Change (%) | -22.88% | -15.18% | -2.24% | - | +10.28% | +16.60% | +31.24% |
| Change | -12.24 | -8.12 | -1.20 | - | +5.50 | +8.88 | +16.71 |
| Level | Minor | Intermediate | Intermediate | - | Intermediate | Minor | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 41.10 | 46.46 | 52.03 | 57.39 | 62.96 | 68.32 | 73.89 |
| Camarilla | 54.58 | 55.59 | 56.59 | 57.59 | 58.59 | 59.59 | 60.60 |
| Woodie | 41.20 | 46.51 | 52.13 | 57.44 | 63.06 | 68.37 | 73.99 |
| Fibonacci | 46.46 | 50.64 | 53.22 | 57.39 | 61.57 | 64.15 | 68.32 |
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 | -4.52 | 13.90 | 35.74 | 54.16 | 76.00 | 94.42 | 116.26 |
| Camarilla | 46.52 | 50.21 | 53.90 | 57.59 | 61.28 | 64.97 | 68.66 |
| Woodie | -2.80 | 14.76 | 37.46 | 55.02 | 77.72 | 95.28 | 117.98 |
| Fibonacci | 13.90 | 29.28 | 38.78 | 54.16 | 69.54 | 79.04 | 94.42 |
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): | 47.36 | |
| MACD (12,26,9): | -0.5100 | |
| Directional Movement: | -6.11 | |
| AROON (14): | -57.14 | |
| DEMA (21): | 54.60 | |
| Parabolic SAR (0,02-0,02-0,2): | 57.92 | |
| Elder Ray (13): | -0.23 | |
| Super Trend (3,10): | 58.30 | |
| Zig ZAG (10): | 54.02 | |
| VORTEX (21): | 1.0600 | |
| Stochastique (14,3,5): | 33.29 | |
| TEMA (21): | 53.52 | |
| Williams %R (14): | -75.95 | |
| Chande Momentum Oscillator (20): | -4.09 | |
| Repulse (5,40,3): | -1.0700 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.1100 | |
| Courbe Coppock: | 10.05 |
| MA7: | 47.61 | |
| MA20: | 49.58 | |
| MA50: | 62.52 | |
| MA100: | 51.28 | |
| MAexp7: | 54.22 | |
| MAexp20: | 55.19 | |
| MAexp50: | 54.47 | |
| MAexp100: | 51.45 | |
| Price / MA7: | +12.35% | |
| Price / MA20: | +7.89% | |
| Price / MA50: | -14.44% | |
| Price / MA100: | +4.31% | |
| Price / MAexp7: | -1.35% | |
| Price / MAexp20: | -3.08% | |
| Price / MAexp50: | -1.80% | |
| Price / MAexp100: | +3.97% |
Quotes :
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Real time data
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