ETHEREUM CLASSIC - ETC/USD - 1H - Technical analysis published on 05/27/2022 (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:
Slightly bullish
Technical indicators
89%
0%
11%
My opinion
Bullish above 22.21 USD
My targets
23.52 USD (+2.31%)
24.22 USD (+5.35%)
My analysis
The strong short-term increase for ETHEREUM CLASSIC - ETC/USD reinforces the current slightly bullish trend. As long as the price remains above 22.21 USD, you could take advantage of this bullish acceleration. The first bullish objective is located at 23.52 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 24.22 USD as an objective. Crossing it would then enable buyers to target 25.61 USD. A return to 22.21 USD would be a sign of a possible correction of short-term bullish excesses. In this case, you could stay away while waiting for signals indicating a reversal of the trend.
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
5.5
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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 22.99 USD. The price has increased by +4.98% since the last closing with the lowest point at 21.51 USD and the highest point at 23.23 USD. The deviation from the price is +6.88% for the low point and -1.03% for the high point.21.51
23.23
22.99
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
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 an overall slightly bullish trend. Only 57.14% of the signals given by moving averages are bullish. This slightly bullish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:
Bullish price crossover with Moving Average 100
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 50
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 100
Type : Bullish
Timeframe : 1 hour
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 : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 20.48 | 21.11 | 22.21 | 22.99 | 23.02 | 23.52 | 24.22 |
| Change (%) | -10.92% | -8.18% | -3.39% | - | +0.13% | +2.31% | +5.35% |
| Change | -2.51 | -1.88 | -0.78 | - | +0.03 | +0.53 | +1.23 |
| Level | Intermediate | Major | Minor | - | Minor | Minor | Major |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 17.31 | 19.05 | 20.48 | 22.22 | 23.65 | 25.39 | 26.82 |
| Camarilla | 21.03 | 21.32 | 21.61 | 21.90 | 22.19 | 22.48 | 22.77 |
| Woodie | 17.15 | 18.97 | 20.32 | 22.14 | 23.49 | 25.31 | 26.66 |
| Fibonacci | 19.05 | 20.26 | 21.01 | 22.22 | 23.43 | 24.18 | 25.39 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 15.77 | 17.64 | 18.96 | 20.83 | 22.15 | 24.02 | 25.34 |
| Camarilla | 19.41 | 19.71 | 20.00 | 20.29 | 20.58 | 20.88 | 21.17 |
| Woodie | 15.51 | 17.50 | 18.70 | 20.69 | 21.89 | 23.88 | 25.08 |
| Fibonacci | 17.64 | 18.86 | 19.61 | 20.83 | 22.05 | 22.80 | 24.02 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -0.30 | 12.15 | 19.05 | 31.50 | 38.40 | 50.85 | 57.75 |
| Camarilla | 20.62 | 22.39 | 24.17 | 25.94 | 27.71 | 29.49 | 31.26 |
| Woodie | -3.09 | 10.76 | 16.27 | 30.11 | 35.62 | 49.46 | 54.97 |
| Fibonacci | 12.15 | 19.55 | 24.11 | 31.50 | 38.90 | 43.46 | 50.85 |
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): | 55.80 | |
| MACD (12,26,9): | 0.0600 | |
| Directional Movement: | 6.72 | |
| AROON (14): | -35.72 | |
| DEMA (21): | 22.57 | |
| Parabolic SAR (0,02-0,02-0,2): | 21.54 | |
| Elder Ray (13): | 0.36 | |
| Super Trend (3,10): | 21.38 | |
| Zig ZAG (10): | 22.93 | |
| VORTEX (21): | 1.0200 | |
| Stochastique (14,3,5): | 79.07 | |
| TEMA (21): | 22.77 | |
| Williams %R (14): | -12.21 | |
| Chande Momentum Oscillator (20): | 0.90 | |
| Repulse (5,40,3): | 1.0600 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0400 | |
| Courbe Coppock: | 4.31 |
| MA7: | 22.29 | |
| MA20: | 21.74 | |
| MA50: | 28.96 | |
| MA100: | 31.72 | |
| MAexp7: | 22.74 | |
| MAexp20: | 22.56 | |
| MAexp50: | 22.68 | |
| MAexp100: | 22.56 | |
| Price / MA7: | +3.14% | |
| Price / MA20: | +5.75% | |
| Price / MA50: | -20.61% | |
| Price / MA100: | -27.52% | |
| Price / MAexp7: | +1.10% | |
| Price / MAexp20: | +1.91% | |
| Price / MAexp50: | +1.37% | |
| Price / MAexp100: | +1.91% |
Quotes :
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Real time data
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