ETHEREUM CLASSIC - ETC/USD
ETHEREUM CLASSIC - ETC/USD
- USD (-)
- Real time data - CoinMarketCap
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Volume: -
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Type: Cryptocurrencies
Ticker: ETCUSD
ISIN:

ETHEREUM CLASSIC - ETC/USD - Daily - Technical analysis published on 09/21/2022 (GMT)

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  • Timeframe : Daily
  • - Analysis generated on
  • Status : TARGET REACHED

Summary of the analysis

Trends
Short term: Strongly bearish
Underlying: Slightly bearish
Technical indicators
6%
72%
22%
My opinion
Bearish under 32.18 USD
My targets
26.79 USD (-8.00%)
24.31 USD (-16.52%)
My analysis
ETHEREUM CLASSIC - ETC/USD is currently trying to strengthen its basic trend with a very bearish short term. As long as the price remains below 32.18 USD, traders may consider taking advantage of this bearish acceleration and setting themselves to trade only in short positions (for sale). Sellers will encounter the support at 26.79 USD. A bearish break in this support would confirm a continuation of the bearish acceleration. The next support located at 24.31 USD would then be the next bearish objective for sellers. Crossing it would then enable sellers to target 19.09 USD. Beware of a possible return to above the resistance located at 32.18 USD which would be a sign of a correction of the short-term bearish excesses registered.

In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
Force
0
10
5

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 Londinia. Take part yourself by sharing additional analysis on another time unit:
15 min. 1H Weekly

Additional analysis

Quotes

The ETHEREUM CLASSIC - ETC/USD rating is 29.12 USD. The price registered a decrease of -0.17% on the session with the lowest point at 28.16 USD and the highest point at 29.42 USD. The deviation from the price is +3.41% for the low point and -1.02% for the high point.

28.16
29.42
29.12

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.

Central Gaps

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:
The Central Records scanner for higher/lower results shows an item:

Central Records

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly



Technical


A technical analysis in Daily of this ETHEREUM CLASSIC - ETC/USD chart shows a slightly bearish trend. 60.71% of the signals given by moving averages are bearish. This slightly bearish trend could be reinforced by the strong bearish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

In fact, 13 technical indicators on 18 studied are currently bearish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : Daily


Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Daily

The Central Indicators scanner found this result concerning these indicators:

Central Indicators

Pivot points : price is under support 1

Type : Neutral

Timeframe : Weekly



An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:

Central Patterns

Support of channel is broken

Type : Bearish

Timeframe : Daily



No result was found by the Central Candlesticks scanner on Japanese candlesticks.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 13.71 19.09 24.31 29.12 32.18 35.71 39.64
Change (%) -52.92% -34.44% -16.52% - +10.51% +22.63% +36.13%
Change -15.41 -10.03 -4.81 - +3.06 +6.59 +10.52
Level Intermediate Minor Major - Minor Intermediate Intermediate



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
Standard26.6927.7328.4529.4930.2131.2531.97
Camarilla28.6928.8529.0129.1729.3329.4929.65
Woodie26.5327.6528.2929.4130.0531.1731.81
Fibonacci27.7328.4028.8229.4930.1630.5831.25


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard23.8928.4231.4335.9638.9743.5046.51
Camarilla32.3733.0633.7534.4435.1335.8236.51
Woodie23.1328.0430.6735.5838.2143.1245.75
Fibonacci28.4231.3033.0835.9638.8440.6243.50


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard11.8921.1926.7936.0941.6950.9956.59
Camarilla28.2929.6631.0232.3933.7635.1236.49
Woodie10.0420.2724.9435.1739.8450.0754.74
Fibonacci21.1926.8830.4036.0941.7845.3050.99

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): 38.94
MACD (12,26,9): -1.2500
Directional Movement: -9.15
AROON (14): -50.00
DEMA (21): 32.63
Parabolic SAR (0,02-0,02-0,2): 39.60
Elder Ray (13): -4.24
Super Trend (3,10): 37.66
Zig ZAG (10): 28.97
VORTEX (21): 0.9000
Stochastique (14,3,5): 14.22
TEMA (21): 30.94
Williams %R (14): -88.22
Chande Momentum Oscillator (20): -10.31
Repulse (5,40,3): -6.3500
ROCnROLL: 2
TRIX (15,9): -0.1200
Courbe Coppock: 19.44
MA7: 31.77
MA20: 34.84
MA50: 35.94
MA100: 28.06
MAexp7: 31.50
MAexp20: 33.82
MAexp50: 33.52
MAexp100: 31.14
Price / MA7: -8.34%
Price / MA20: -16.42%
Price / MA50: -18.98%
Price / MA100: +3.78%
Price / MAexp7: -7.56%
Price / MAexp20: -13.90%
Price / MAexp50: -13.13%
Price / MAexp100: -6.49%

Quotes : - Real time data - Cryptocompare

This member declared not having a position on this financial instrument or a related financial instrument.

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