ETHEREUM CLASSIC - ETC/USD - 1H - Technical analysis published on 01/04/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
89%
0%
11%
My opinion
Bullish above 16.24 USD
My targets
17.30 USD (+2.31%)
18.02 USD (+6.56%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on ETHEREUM CLASSIC - ETC/USD as long as the price remains well above 16.24 USD. The buyers' bullish objective is set at 17.30 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 18.02 USD. If there is any crossing, the next objective would be the resistance located at 24.31 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
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
8.6
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The ETHEREUM CLASSIC - ETC/USD price is 16.91 USD. The price has increased by +6.49% since the last closing and was traded between 15.87 USD and 17.06 USD over the period. The price is currently at +6.55% from its lowest and -0.88% from its highest.15.87
17.06
16.91
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 HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of ETHEREUM CLASSIC - ETC/USD in 1H shows a strongly overall bullish trend. 89.29% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish 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, according to the parameters integrated into the Central Analyzer system, 16 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : 1 hour
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Previous candle closed over Bollinger bands
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
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bearish signal that could support the hypothesis of a small drop in the very short term:
Bearish harami
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 15.91 | 16.04 | 16.24 | 16.91 | 18.02 | 24.31 | 26.60 |
| Change (%) | -5.91% | -5.14% | -3.96% | - | +6.56% | +43.76% | +57.30% |
| Change | -1.00 | -0.87 | -0.67 | - | +1.11 | +7.40 | +9.69 |
| Level | Minor | Minor | Intermediate | - | Minor | Minor | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 15.13 | 15.40 | 15.64 | 15.91 | 16.15 | 16.42 | 16.66 |
| Camarilla | 15.74 | 15.79 | 15.83 | 15.88 | 15.93 | 15.97 | 16.02 |
| Woodie | 15.12 | 15.39 | 15.63 | 15.90 | 16.14 | 16.41 | 16.65 |
| Fibonacci | 15.40 | 15.60 | 15.72 | 15.91 | 16.11 | 16.23 | 16.42 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 13.27 | 14.08 | 14.88 | 15.69 | 16.49 | 17.30 | 18.10 |
| Camarilla | 15.24 | 15.39 | 15.53 | 15.68 | 15.83 | 15.98 | 16.12 |
| Woodie | 13.27 | 14.08 | 14.88 | 15.69 | 16.49 | 17.30 | 18.10 |
| Fibonacci | 14.08 | 14.70 | 15.08 | 15.69 | 16.31 | 16.69 | 17.30 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8.18 | 11.51 | 13.60 | 16.93 | 19.02 | 22.35 | 24.44 |
| Camarilla | 14.19 | 14.69 | 15.18 | 15.68 | 16.18 | 16.67 | 17.17 |
| Woodie | 7.55 | 11.20 | 12.97 | 16.62 | 18.39 | 22.04 | 23.81 |
| Fibonacci | 11.51 | 13.58 | 14.86 | 16.93 | 19.00 | 20.28 | 22.35 |
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): | 73.82 | |
| MACD (12,26,9): | 0.0800 | |
| Directional Movement: | 40.51 | |
| AROON (14): | 57.15 | |
| DEMA (21): | 16.10 | |
| Parabolic SAR (0,02-0,02-0,2): | 15.76 | |
| Elder Ray (13): | 0.47 | |
| Super Trend (3,10): | 16.11 | |
| Zig ZAG (10): | 16.56 | |
| VORTEX (21): | 1.1300 | |
| Stochastique (14,3,5): | 95.29 | |
| TEMA (21): | 16.18 | |
| Williams %R (14): | -9.09 | |
| Chande Momentum Oscillator (20): | 0.68 | |
| Repulse (5,40,3): | 3.6300 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0200 | |
| Courbe Coppock: | 2.18 |
| MA7: | 15.90 | |
| MA20: | 16.00 | |
| MA50: | 18.00 | |
| MA100: | 21.18 | |
| MAexp7: | 16.21 | |
| MAexp20: | 16.04 | |
| MAexp50: | 15.97 | |
| MAexp100: | 15.90 | |
| Price / MA7: | +6.35% | |
| Price / MA20: | +5.69% | |
| Price / MA50: | -6.06% | |
| Price / MA100: | -20.16% | |
| Price / MAexp7: | +4.32% | |
| Price / MAexp20: | +5.42% | |
| Price / MAexp50: | +5.89% | |
| Price / MAexp100: | +6.35% |
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.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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