ETHEREUM CLASSIC - ETC/USD - 1H - Technical analysis published on 12/20/2022 (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 bearish
Underlying:
Strongly bearish
Technical indicators
22%
61%
17%
My opinion
Bearish under 17.21 USD
My targets
14.67 USD (-3.57%)
13.71 USD (-9.86%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on ETHEREUM CLASSIC - ETC/USD as long as the price remains well below 17.21 USD. The sellers' bearish objective is set at 14.67 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 13.71 USD. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
7.3
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
ETHEREUM CLASSIC - ETC/USD rating 15.21 USD. The price registered a decrease of -5.06% on the session with the lowest point at 14.85 USD and the highest point at 16.18 USD. The deviation from the price is +2.42% for the low point and -6.00% for the high point.14.85
16.18
15.21
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by ETHEREUM CLASSIC - ETC/USD:
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. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, of the 18 technical indicators analysed by Central Analyzer, 4 are bullish, 3 are neutral and 11 are bearish. Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is oversold : under 30
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
RSI indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 3
Type : Neutral
Timeframe : 1 hour
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
S1
R1
R2
R3
Price
| S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|
| ProTrendLines | 13.71 | 15.21 | 18.13 | 18.81 | 19.14 |
| Change (%) | -9.86% | - | +19.20% | +23.67% | +25.84% |
| Change | -1.50 | - | +2.92 | +3.60 | +3.93 |
| Level | Major | - | Major | Minor | 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 |
|---|---|---|---|---|---|---|---|
| Standard | 15.36 | 15.59 | 15.80 | 16.03 | 16.24 | 16.47 | 16.68 |
| Camarilla | 15.90 | 15.94 | 15.98 | 16.02 | 16.06 | 16.10 | 16.14 |
| Woodie | 15.36 | 15.59 | 15.80 | 16.03 | 16.24 | 16.47 | 16.68 |
| Fibonacci | 15.59 | 15.76 | 15.86 | 16.03 | 16.20 | 16.30 | 16.47 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 10.58 | 13.12 | 14.67 | 17.21 | 18.76 | 21.30 | 22.85 |
| Camarilla | 15.09 | 15.46 | 15.84 | 16.21 | 16.59 | 16.96 | 17.34 |
| Woodie | 10.08 | 12.87 | 14.17 | 16.96 | 18.26 | 21.05 | 22.35 |
| Fibonacci | 13.12 | 14.69 | 15.65 | 17.21 | 18.78 | 19.74 | 21.30 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.95 | 11.57 | 15.93 | 21.55 | 25.91 | 31.53 | 35.89 |
| Camarilla | 17.55 | 18.46 | 19.38 | 20.29 | 21.21 | 22.12 | 23.04 |
| Woodie | 5.32 | 11.26 | 15.30 | 21.24 | 25.28 | 31.22 | 35.26 |
| Fibonacci | 11.57 | 15.38 | 17.74 | 21.55 | 25.36 | 27.72 | 31.53 |
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): | 28.08 | |
| MACD (12,26,9): | -0.1900 | |
| Directional Movement: | -34.35 | |
| AROON (14): | -50.00 | |
| DEMA (21): | 15.35 | |
| Parabolic SAR (0,02-0,02-0,2): | 15.75 | |
| Elder Ray (13): | -0.39 | |
| Super Trend (3,10): | 15.60 | |
| Zig ZAG (10): | 15.09 | |
| VORTEX (21): | 0.7200 | |
| Stochastique (14,3,5): | 14.54 | |
| TEMA (21): | 15.25 | |
| Williams %R (14): | -78.57 | |
| Chande Momentum Oscillator (20): | -0.72 | |
| Repulse (5,40,3): | -1.0200 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.1100 | |
| Courbe Coppock: | 5.66 |
| MA7: | 17.05 | |
| MA20: | 18.53 | |
| MA50: | 20.11 | |
| MA100: | 23.77 | |
| MAexp7: | 15.30 | |
| MAexp20: | 15.57 | |
| MAexp50: | 15.87 | |
| MAexp100: | 16.41 | |
| Price / MA7: | -10.79% | |
| Price / MA20: | -17.92% | |
| Price / MA50: | -24.37% | |
| Price / MA100: | -36.01% | |
| Price / MAexp7: | -0.59% | |
| Price / MAexp20: | -2.31% | |
| Price / MAexp50: | -4.16% | |
| Price / MAexp100: | -7.31% |
Quotes :
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Real time data
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Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
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