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ETHEREUM CLASSIC - ETC/USD
ETHEREUM CLASSIC - ETC/USD
- USD (-)
- Real time data - CoinMarketCap
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Cryptocurrencies
Ticker: ETCUSD
ISIN:

ETHEREUM CLASSIC - ETC/USD - 1H - Technical analysis published on 12/17/2022 (GMT)

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Londinia
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  • Timeframe : 1H
  • - Analysis generated on
  • Status : LEVEL MAINTAINED

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Summary of the analysis

Trends
Short term: Strongly bearish
Underlying: Strongly bearish
Technical indicators
17%
78%
6%
My opinion
Bearish under 16.72 USD
My targets
13.71 USD (-13.50%)
My analysis
The bearish trend is currently very strong for ETHEREUM CLASSIC - ETC/USD. As long as the price remains below the resistance at 16.72 USD, you could try to take advantage of the bearish rally. The first bearish objective is located at 13.71 USD. The bearish momentum would be revived by a break in this support. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
Force
0
10
8

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.

Londinia
This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

ETHEREUM CLASSIC - ETC/USD rating 15.85 USD. On the day, this instrument lost -12.67% and was traded between 15.67 USD and 18.35 USD over the period. The price is currently at +1.15% from its lowest and -13.62% from its highest.

15.67
18.35
15.85

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



Here is a more detailed summary of the historical variations registered by ETHEREUM CLASSIC - ETC/USD:
The Central Records scanner for higher/lower results shows an item:

Central Records

New LOW record (1 month)

Type : Bearish

Timeframe : Weekly



Technical


Technical analysis of this 1H chart of ETHEREUM CLASSIC - ETC/USD indicates that the overall trend is strongly bearish. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

In fact, according to the parameters integrated into the Central Analyzer system, 14 technical indicators out of 18 analysed are currently bearish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

RSI indicator is oversold : under 20

Type : Neutral

Timeframe : 1 hour


CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour


Previous candle closed under Bollinger bands

Type : Neutral

Timeframe : 1 hour


MACD indicator: bullish divergence

Type : Bullish

Timeframe : 1 hour


Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

Other results related to technical indicators were also found by the Central Indicators scanner:

Central Indicators

Pivot points : price is under support 3

Type : Neutral

Timeframe : 1 hour


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 presence of these bearish patterns in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term were also noted

Central Candlesticks

Black marubozu

Type : Bearish

Timeframe : 1 hour


Long black line

Type : Bearish

Timeframe : 1 hour




ProTrendLines
S1
R1
R2
R3
Price


S1PriceR1R2R3
ProTrendLines 13.71 15.85 17.95 18.13 18.33
Change (%) -13.50% - +13.25% +14.38% +15.65%
Change -2.14 - +2.10 +2.28 +2.48
Level Major - Minor Major Minor



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
Standard16.9317.4717.8118.3518.6919.2319.57
Camarilla17.9117.9918.0718.1518.2318.3118.39
Woodie16.8317.4217.7118.3018.5919.1819.47
Fibonacci17.4717.8118.0118.3518.6918.8919.23


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard16.7217.6418.3919.3120.0620.9821.73
Camarilla18.6818.8318.9919.1419.2919.4519.60
Woodie16.6417.6018.3119.2719.9820.9421.65
Fibonacci17.6418.2818.6719.3119.9520.3420.98


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard5.9511.5715.9321.5525.9131.5335.89
Camarilla17.5518.4619.3820.2921.2122.1223.04
Woodie5.3211.2615.3021.2425.2831.2235.26
Fibonacci11.5715.3817.7421.5525.3627.7231.53

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): 15.19
MACD (12,26,9): -0.3900
Directional Movement: -58.77
AROON (14): -92.86
DEMA (21): 16.75
Parabolic SAR (0,02-0,02-0,2): 17.41
Elder Ray (13): -1.01
Super Trend (3,10): 16.69
Zig ZAG (10): 16.01
VORTEX (21): 0.4100
Stochastique (14,3,5): 2.38
TEMA (21): 16.50
Williams %R (14): -98.46
Chande Momentum Oscillator (20): -1.43
Repulse (5,40,3): -7.0900
ROCnROLL: 2
TRIX (15,9): -0.2600
Courbe Coppock: 13.50
MA7: 18.40
MA20: 19.11
MA50: 20.69
MA100: 24.44
MAexp7: 16.72
MAexp20: 17.43
MAexp50: 17.95
MAexp100: 18.31
Price / MA7: -13.86%
Price / MA20: -17.06%
Price / MA50: -23.39%
Price / MA100: -35.15%
Price / MAexp7: -5.20%
Price / MAexp20: -9.06%
Price / MAexp50: -11.70%
Price / MAexp100: -13.44%

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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Londinia
Londinia AI

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