ETHEREUM CLASSIC - ETC/USD - 1H - Technical analysis published on 07/22/2021 (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
44%
22%
33%
My opinion
Bullish above 42.33 USD
My targets
43.92 USD (+2.69%)
44.95 USD (+5.10%)
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 42.33 USD. The next resistance located at 43.92 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 44.95 USD. After this resistance, buyers could then target 47.12 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.
Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.
Force
0
10
6.8
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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
ETHEREUM CLASSIC - ETC/USD rating 42.77 USD. The price is lower by -0.26% since the last closing with the lowest point at 41.99 USD and the highest point at 44.27 USD. The deviation from the price is +1.86% for the low point and -3.39% for the high point.41.99
44.27
42.77
The Central Gaps scanner detects a bullish opening. A small advantage for buyers 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
Technical analysis of ETHEREUM CLASSIC - ETC/USD in 1H shows a strongly overall bullish trend. The signals given by the moving averages are 92.86% 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 trend reversal : Moving Average 20
Type : Bullish
Timeframe : 1 hour
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Momentum indicator is back over 0
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is back under -50
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:
Bearish harami
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 37.81 | 40.36 | 42.33 | 42.77 | 43.92 | 44.95 | 47.12 |
| Change (%) | -11.60% | -5.63% | -1.03% | - | +2.69% | +5.10% | +10.17% |
| Change | -4.96 | -2.41 | -0.44 | - | +1.15 | +2.18 | +4.35 |
| Level | Minor | Intermediate | Minor | - | Major | 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 | 34.37 | 36.53 | 39.70 | 41.86 | 45.03 | 47.19 | 50.36 |
| Camarilla | 41.41 | 41.90 | 42.39 | 42.88 | 43.37 | 43.86 | 44.35 |
| Woodie | 34.89 | 36.78 | 40.22 | 42.11 | 45.55 | 47.44 | 50.88 |
| Fibonacci | 36.53 | 38.56 | 39.82 | 41.86 | 43.89 | 45.15 | 47.19 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 27.23 | 33.78 | 37.65 | 44.20 | 48.07 | 54.62 | 58.49 |
| Camarilla | 38.65 | 39.60 | 40.56 | 41.51 | 42.47 | 43.42 | 44.38 |
| Woodie | 25.88 | 33.11 | 36.30 | 43.53 | 46.72 | 53.95 | 57.14 |
| Fibonacci | 33.78 | 37.76 | 40.22 | 44.20 | 48.18 | 50.64 | 54.62 |
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 the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 52.67 | |
| MACD (12,26,9): | 0.3800 | |
| Directional Movement: | 18.72 | |
| AROON (14): | -14.29 | |
| DEMA (21): | 43.31 | |
| Parabolic SAR (0,02-0,02-0,2): | 42.17 | |
| Elder Ray (13): | 0.23 | |
| Super Trend (3,10): | 41.30 | |
| Zig ZAG (10): | 42.89 | |
| VORTEX (21): | 1.0200 | |
| Stochastique (14,3,5): | 51.14 | |
| TEMA (21): | 43.24 | |
| Williams %R (14): | -52.29 | |
| Chande Momentum Oscillator (20): | 0.89 | |
| Repulse (5,40,3): | 0.6300 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1500 | |
| Courbe Coppock: | 2.67 |
| MA7: | 41.62 | |
| MA20: | 47.31 | |
| MA50: | 50.88 | |
| MA100: | 57.97 | |
| MAexp7: | 43.03 | |
| MAexp20: | 42.74 | |
| MAexp50: | 42.01 | |
| MAexp100: | 41.79 | |
| Price / MA7: | +2.76% | |
| Price / MA20: | -9.60% | |
| Price / MA50: | -15.94% | |
| Price / MA100: | -26.22% | |
| Price / MAexp7: | -0.60% | |
| Price / MAexp20: | +0.07% | |
| Price / MAexp50: | +1.81% | |
| Price / MAexp100: | +2.35% |
Quotes :
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Real time data
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