ETHEREUM CLASSIC - ETC/USD - 15 min. - Technical analysis published on 05/12/2022 (GMT)
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- Timeframe : 15 min.
- - 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:
Neutral
Technical indicators
89%
0%
11%
My opinion
Bullish above 17.58 USD
My targets
20.99 USD (+9.82%)
21.54 USD (+12.70%)
My analysis
The current short-term bullish acceleration on ETHEREUM CLASSIC - ETC/USD should quickly allow the basic trend to return to bullish. To avoid contradicting the short term, traders may prefer long positions (at the time of purchase) as long as the price remains well above 17.58 USD. Short-term buyers will use the resistance located at 20.99 USD as an objective. A bullish break in this resistance would boost the bullish momentum. The next bullish objective would then be set at 21.54 USD. Crossing this resistance would then open the door for buyers to target 23.25 USD. Caution, if there is a return to under 17.58 USD, it should not be forgotten that the basic trend is not yet clearly defined. Beware of against the trend sellers, many of whom will certainly benefit from this movement.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
3.9
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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 19.11 USD. The price registered a decrease of -3.73% on the session with the lowest point at 15.70 USD and the highest point at 20.74 USD. The deviation from the price is +21.72% for the low point and -7.86% for the high point.15.70
20.74
19.11
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
So that you have an overall view of the price change, here is a table showing the variations over several periods:
New LOW record (1 year)
Type : Bearish
Timeframe : Weekly
New LOW record (1st january)
Type : Bearish
Timeframe : Weekly
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of ETHEREUM CLASSIC - ETC/USD in 15 min. shows a neutral overall trend. This indecision could turn into a bullish trend due to the strong bullish signals currently being given by short-term moving averages. An assessment of moving averages reveals a bullish signal that could impact this trend:
Bullish price crossover with Moving Average 100
Type : Bullish
Timeframe : 15 minutes
Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 15 minutes
Previous candle closed over Bollinger bands
Type : Neutral
Timeframe : 15 minutes
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 15 minutes
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S2
S1
R1
R2
R3
Price
| S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 4.51 | 18.72 | 19.11 | 22.06 | 24.22 | 27.11 |
| Change (%) | -76.40% | -2.04% | - | +15.44% | +26.74% | +41.86% |
| Change | -14.60 | -0.39 | - | +2.95 | +5.11 | +8.00 |
| Level | Minor | Intermediate | - | Minor | Major | 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 | 11.91 | 15.32 | 17.58 | 20.99 | 23.25 | 26.66 | 28.92 |
| Camarilla | 18.29 | 18.81 | 19.33 | 19.85 | 20.37 | 20.89 | 21.41 |
| Woodie | 11.35 | 15.03 | 17.02 | 20.70 | 22.69 | 26.37 | 28.36 |
| Fibonacci | 15.32 | 17.48 | 18.82 | 20.99 | 23.15 | 24.49 | 26.66 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 17.20 | 21.54 | 24.21 | 28.55 | 31.22 | 35.56 | 38.23 |
| Camarilla | 24.96 | 25.61 | 26.25 | 26.89 | 27.53 | 28.18 | 28.82 |
| Woodie | 16.38 | 21.12 | 23.39 | 28.13 | 30.40 | 35.14 | 37.41 |
| Fibonacci | 21.54 | 24.21 | 25.87 | 28.55 | 31.22 | 32.88 | 35.56 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -6.45 | 9.08 | 17.51 | 33.04 | 41.47 | 57.00 | 65.43 |
| Camarilla | 19.35 | 21.55 | 23.74 | 25.94 | 28.14 | 30.33 | 32.53 |
| Woodie | -10.00 | 7.31 | 13.96 | 31.27 | 37.92 | 55.23 | 61.88 |
| Fibonacci | 9.08 | 18.23 | 23.89 | 33.04 | 42.19 | 47.85 | 57.00 |
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): | 59.05 | |
| MACD (12,26,9): | 0.1600 | |
| Directional Movement: | 5.59 | |
| AROON (14): | 78.57 | |
| DEMA (21): | 18.37 | |
| Parabolic SAR (0,02-0,02-0,2): | 17.60 | |
| Elder Ray (13): | 0.58 | |
| Super Trend (3,10): | 17.61 | |
| Zig ZAG (10): | 19.01 | |
| VORTEX (21): | 1.1200 | |
| Stochastique (14,3,5): | 87.86 | |
| TEMA (21): | 18.71 | |
| Williams %R (14): | -1.71 | |
| Chande Momentum Oscillator (20): | 1.49 | |
| Repulse (5,40,3): | 7.6000 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0900 | |
| Courbe Coppock: | 4.74 |
| MA7: | 23.86 | |
| MA20: | 27.88 | |
| MA50: | 36.46 | |
| MA100: | 33.19 | |
| MAexp7: | 18.54 | |
| MAexp20: | 18.16 | |
| MAexp50: | 18.28 | |
| MAexp100: | 19.15 | |
| Price / MA7: | -19.91% | |
| Price / MA20: | -31.46% | |
| Price / MA50: | -47.59% | |
| Price / MA100: | -42.42% | |
| Price / MAexp7: | +3.07% | |
| Price / MAexp20: | +5.23% | |
| Price / MAexp50: | +4.54% | |
| Price / MAexp100: | -0.21% |
Quotes :
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Real time data
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