ETHEREUM CLASSIC - ETC/USD - 15 min. - Technical analysis published on 08/24/2021 (GMT)
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- Timeframe : 15 min.
- - 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:
Strongly bearish
Technical indicators
22%
56%
22%
My opinion
Bearish under 68.16 USD
My targets
66.81 USD (-0.59%)
65.43 USD (-2.65%)
My analysis
ETHEREUM CLASSIC - ETC/USD is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 68.16 USD. The next support located at 66.81 USD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 65.43 USD. Below this support, sellers could then target 64.08 USD. With the current pattern, you will need to monitor for possible bearish 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 bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
In the very short term, technical indicators are neutral, but do not change the general bearish 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
The ETHEREUM CLASSIC - ETC/USD rating is 67.21 USD. On the day, this instrument lost -1.45% and was traded between 66.87 USD and 68.57 USD over the period. The price is currently at +0.51% from its lowest and -1.98% from its highest.66.87
68.57
67.21
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 this 15 min. chart of ETHEREUM CLASSIC - ETC/USD indicates that the overall trend is strongly bearish. The signals given by moving averages are 89.29% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 4 are bullish, 4 are neutral and 10 are bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 15 minutes
Previous candle closed under Bollinger bands
Type : Neutral
Timeframe : 15 minutes
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 15 minutes
Ichimoku - Bearish crossover : Tenkan & Kijun
Type : Bearish
Timeframe : 15 minutes
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:
Bullish harami
Type : Bullish
Timeframe : 15 minutes
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 62.96 | 64.91 | 66.89 | 67.21 | 69.49 | 72.41 | 74.96 |
| Change (%) | -6.32% | -3.42% | -0.48% | - | +3.39% | +7.74% | +11.53% |
| Change | -4.25 | -2.30 | -0.32 | - | +2.28 | +5.20 | +7.75 |
| Level | Minor | Intermediate | Major | - | Major | Minor | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 64.08 | 65.43 | 66.81 | 68.16 | 69.54 | 70.89 | 72.27 |
| Camarilla | 67.45 | 67.70 | 67.95 | 68.20 | 68.45 | 68.70 | 68.95 |
| Woodie | 64.11 | 65.44 | 66.84 | 68.17 | 69.57 | 70.90 | 72.30 |
| Fibonacci | 65.43 | 66.47 | 67.11 | 68.16 | 69.20 | 69.84 | 70.89 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 41.73 | 50.75 | 59.20 | 68.22 | 76.67 | 85.69 | 94.14 |
| Camarilla | 62.86 | 64.46 | 66.06 | 67.66 | 69.26 | 70.86 | 72.46 |
| Woodie | 41.46 | 50.61 | 58.93 | 68.08 | 76.40 | 85.55 | 93.87 |
| Fibonacci | 50.75 | 57.42 | 61.54 | 68.22 | 74.89 | 79.01 | 85.69 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 21.54 | 29.67 | 40.50 | 48.63 | 59.46 | 67.59 | 78.42 |
| Camarilla | 46.11 | 47.84 | 49.58 | 51.32 | 53.06 | 54.80 | 56.53 |
| Woodie | 22.88 | 30.35 | 41.84 | 49.31 | 60.80 | 68.27 | 79.76 |
| Fibonacci | 29.67 | 36.92 | 41.39 | 48.63 | 55.88 | 60.35 | 67.59 |
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): | 36.46 | |
| MACD (12,26,9): | -0.1700 | |
| Directional Movement: | -12.91 | |
| AROON (14): | -85.72 | |
| DEMA (21): | 67.35 | |
| Parabolic SAR (0,02-0,02-0,2): | 67.62 | |
| Elder Ray (13): | -0.42 | |
| Super Trend (3,10): | 67.73 | |
| Zig ZAG (10): | 67.04 | |
| VORTEX (21): | 0.8500 | |
| Stochastique (14,3,5): | 11.07 | |
| TEMA (21): | 67.14 | |
| Williams %R (14): | -79.53 | |
| Chande Momentum Oscillator (20): | -0.91 | |
| Repulse (5,40,3): | -0.1700 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0100 | |
| Courbe Coppock: | 2.27 |
| MA7: | 67.38 | |
| MA20: | 63.62 | |
| MA50: | 53.95 | |
| MA100: | 56.62 | |
| MAexp7: | 67.20 | |
| MAexp20: | 67.52 | |
| MAexp50: | 67.65 | |
| MAexp100: | 67.74 | |
| Price / MA7: | -0.25% | |
| Price / MA20: | +5.64% | |
| Price / MA50: | +24.58% | |
| Price / MA100: | +18.70% | |
| Price / MAexp7: | +0.01% | |
| Price / MAexp20: | -0.46% | |
| Price / MAexp50: | -0.65% | |
| Price / MAexp100: | -0.78% |
Quotes :
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Real time data
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Cryptocompare
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