ETHEREUM CLASSIC - ETC/USD - Weekly - Technical analysis published on 10/06/2021 (GMT)
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- Timeframe : Weekly
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Strongly bullish
Technical indicators
28%
39%
33%
My opinion
Bullish above 39.31 USD
My targets
68.18 USD (+24.12%)
74.96 USD (+36.46%)
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 39.31 USD. The buyers' bullish objective is set at 68.18 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 74.96 USD. If there is any crossing, the next objective would be the resistance located at 133.96 USD. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible overbought items that could be a sign of a possible short-term correction.
Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.
Force
0
10
3.9
Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.
This analysis was given by alphakarl. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The ETHEREUM CLASSIC - ETC/USD rating is 54.93 USD. The price is up +16.70% over 5 days and has been traded over the last 5 days between 50.60 USD and 55.13 USD. This implies that the 5 day price is +8.56% from its lowest point and -0.36% from its highest point.50.60
55.13
54.93
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 Weekly chart of ETHEREUM CLASSIC - ETC/USD indicates that the overall trend is strongly bullish. 82.14% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages indicate this trend is showing signs of running out of steam. 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 : Weekly
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 5 are bullish, 6 are neutral and 7 are bearish. Other results related to technical indicators were also found by the Central Indicators scanner:
RSI indicator is back over 50
Type : Bullish
Timeframe : Weekly
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Momentum indicator is back over 0
Type : Bullish
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:
Bullish harami
Type : Bullish
Timeframe : Weekly
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 4.41 | 17.00 | 39.31 | 54.93 | 74.96 | 133.96 |
| Change (%) | -91.97% | -69.05% | -28.44% | - | +36.46% | +143.87% |
| Change | -50.52 | -37.93 | -15.62 | - | +20.03 | +79.03 |
| Level | Major | Minor | Major | - | Major | Intermediate |
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 | 50.20 | 51.26 | 52.80 | 53.86 | 55.40 | 56.46 | 58.00 |
| Camarilla | 53.63 | 53.86 | 54.10 | 54.34 | 54.58 | 54.82 | 55.06 |
| Woodie | 50.44 | 51.38 | 53.04 | 53.98 | 55.64 | 56.58 | 58.24 |
| Fibonacci | 51.26 | 52.25 | 52.87 | 53.86 | 54.85 | 55.47 | 56.46 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 35.85 | 40.07 | 46.70 | 50.92 | 57.55 | 61.77 | 68.40 |
| Camarilla | 50.36 | 51.35 | 52.35 | 53.34 | 54.34 | 55.33 | 56.32 |
| Woodie | 37.07 | 40.67 | 47.92 | 51.52 | 58.77 | 62.37 | 69.62 |
| Fibonacci | 40.07 | 44.21 | 46.77 | 50.92 | 55.06 | 57.62 | 61.77 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.06 | 23.17 | 35.12 | 56.23 | 68.18 | 89.29 | 101.24 |
| Camarilla | 37.98 | 41.01 | 44.04 | 47.07 | 50.10 | 53.13 | 56.16 |
| Woodie | -2.52 | 20.88 | 30.54 | 53.94 | 63.60 | 87.00 | 96.66 |
| Fibonacci | 23.17 | 35.80 | 43.60 | 56.23 | 68.86 | 76.66 | 89.29 |
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): | 52.32 | |
| MACD (12,26,9): | 5.0700 | |
| Directional Movement: | 8.46 | |
| AROON (14): | 50.00 | |
| DEMA (21): | 62.13 | |
| Parabolic SAR (0,02-0,02-0,2): | 104.13 | |
| Elder Ray (13): | -2.74 | |
| Super Trend (3,10): | 96.64 | |
| Zig ZAG (10): | 55.09 | |
| VORTEX (21): | 0.9200 | |
| Stochastique (14,3,5): | 38.84 | |
| TEMA (21): | 58.86 | |
| Williams %R (14): | -56.34 | |
| Chande Momentum Oscillator (20): | 13.56 | |
| Repulse (5,40,3): | 2.9100 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 2.6300 | |
| Courbe Coppock: | 17.58 |
| MA7: | 52.54 | |
| MA20: | 50.64 | |
| MA50: | 58.43 | |
| MA100: | 55.36 | |
| MAexp7: | 55.82 | |
| MAexp20: | 53.86 | |
| MAexp50: | 40.52 | |
| MAexp100: | 28.40 | |
| Price / MA7: | +4.55% | |
| Price / MA20: | +8.47% | |
| Price / MA50: | -5.99% | |
| Price / MA100: | -0.78% | |
| Price / MAexp7: | -1.59% | |
| Price / MAexp20: | +1.99% | |
| Price / MAexp50: | +35.56% | |
| Price / MAexp100: | +93.42% |
Quotes :
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Real time data
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