ETHEREUM CLASSIC - ETC/USD - 1H - Technical analysis published on 09/15/2021 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
89%
0%
11%
My opinion
Bullish above 57.37 USD
My targets
60.26 USD (+3.43%)
65.69 USD (+12.75%)
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 57.37 USD. The buyers' bullish objective is set at 60.26 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 65.69 USD. If there is any crossing, the next objective would be the resistance located at 74.96 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, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
7.9
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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 58.26 USD. The price has increased by +2.21% since the last closing and was traded between 56.32 USD and 58.82 USD over the period. The price is currently at +3.44% from its lowest and -0.95% from its highest.56.32
58.82
58.26
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by ETHEREUM CLASSIC - ETC/USD:
Technical
A technical analysis in 1H of this ETHEREUM CLASSIC - ETC/USD chart shows a strongly bullish trend. 82.14% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. An assessment of moving averages reveals a bullish signal that could impact this trend:
Bullish price crossover with adaptative moving average 50
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
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near support of triangle
Type : Bullish
Timeframe : 1 hour
Horizontal support is broken
Type : Bearish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
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 engulfing lines
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 39.31 | 53.51 | 57.37 | 58.26 | 60.26 | 65.69 | 74.96 |
| Change (%) | -32.53% | -8.15% | -1.53% | - | +3.43% | +12.75% | +28.66% |
| Change | -18.95 | -4.75 | -0.89 | - | +2.00 | +7.43 | +16.70 |
| Level | Major | Intermediate | Major | - | Intermediate | Minor | Major |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 53.58 | 54.39 | 55.69 | 56.50 | 57.80 | 58.61 | 59.91 |
| Camarilla | 56.42 | 56.61 | 56.81 | 57.00 | 57.19 | 57.39 | 57.58 |
| Woodie | 53.84 | 54.51 | 55.95 | 56.62 | 58.06 | 58.73 | 60.17 |
| Fibonacci | 54.39 | 55.19 | 55.69 | 56.50 | 57.30 | 57.80 | 58.61 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 23.93 | 38.68 | 47.85 | 62.60 | 71.77 | 86.52 | 95.69 |
| Camarilla | 50.45 | 52.65 | 54.84 | 57.03 | 59.22 | 61.42 | 63.61 |
| Woodie | 21.15 | 37.29 | 45.07 | 61.21 | 68.99 | 85.13 | 92.91 |
| Fibonacci | 38.68 | 47.81 | 53.46 | 62.60 | 71.73 | 77.38 | 86.52 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 20.47 | 34.46 | 49.25 | 63.24 | 78.03 | 92.02 | 106.81 |
| Camarilla | 56.13 | 58.76 | 61.40 | 64.04 | 66.68 | 69.32 | 71.96 |
| Woodie | 20.87 | 34.66 | 49.65 | 63.44 | 78.43 | 92.22 | 107.21 |
| Fibonacci | 34.46 | 45.45 | 52.25 | 63.24 | 74.23 | 81.03 | 92.02 |
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): | 59.17 | |
| MACD (12,26,9): | 0.2700 | |
| Directional Movement: | 9.31 | |
| AROON (14): | 85.71 | |
| DEMA (21): | 57.16 | |
| Parabolic SAR (0,02-0,02-0,2): | 56.37 | |
| Elder Ray (13): | 0.54 | |
| Super Trend (3,10): | 55.87 | |
| Zig ZAG (10): | 57.62 | |
| VORTEX (21): | 1.1500 | |
| Stochastique (14,3,5): | 87.90 | |
| TEMA (21): | 57.36 | |
| Williams %R (14): | 0.00 | |
| Chande Momentum Oscillator (20): | 1.48 | |
| Repulse (5,40,3): | 1.6800 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0600 | |
| Courbe Coppock: | 2.32 |
| MA7: | 57.39 | |
| MA20: | 62.91 | |
| MA50: | 61.06 | |
| MA100: | 55.20 | |
| MAexp7: | 57.42 | |
| MAexp20: | 56.78 | |
| MAexp50: | 56.56 | |
| MAexp100: | 57.01 | |
| Price / MA7: | +1.52% | |
| Price / MA20: | -7.39% | |
| Price / MA50: | -4.59% | |
| Price / MA100: | +5.54% | |
| Price / MAexp7: | +1.46% | |
| Price / MAexp20: | +2.61% | |
| Price / MAexp50: | +3.01% | |
| Price / MAexp100: | +2.19% |
Quotes :
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Real time data
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