ETHEREUM CLASSIC - ETC/USD - 1H - Technical analysis published on 02/03/2023 (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:
Strongly bullish
Technical indicators
44%
17%
39%
My opinion
Bullish above 22.80 USD
My targets
24.31 USD (+3.45%)
26.60 USD (+13.19%)
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 22.80 USD. The buyers' bullish objective is set at 24.31 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 26.60 USD. If there is any crossing, the next objective would be the resistance located at 30.77 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
5.9
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Additional analysis
Quotes
The ETHEREUM CLASSIC - ETC/USD rating is 23.50 USD. The price registered an increase of +5.10% on the session and was traded between 22.35 USD and 23.51 USD over the period. The price is currently at +5.15% from its lowest and -0.04% from its highest.22.35
23.51
23.50
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of ETHEREUM CLASSIC - ETC/USD in 1H shows a strongly overall bullish trend. The signals given by the moving averages are 82.14% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, only 8 technical indicators out of 18 studied are currently bullish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 21.96 | 22.28 | 22.80 | 23.50 | 23.52 | 24.31 | 26.60 |
| Change (%) | -6.55% | -5.19% | -2.98% | - | +0.09% | +3.45% | +13.19% |
| Change | -1.54 | -1.22 | -0.70 | - | +0.02 | +0.81 | +3.10 |
| Level | Minor | Major | Minor | - | Minor | Intermediate | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 19.65 | 20.90 | 21.63 | 22.88 | 23.61 | 24.86 | 25.59 |
| Camarilla | 21.82 | 22.00 | 22.18 | 22.36 | 22.54 | 22.72 | 22.91 |
| Woodie | 19.39 | 20.77 | 21.37 | 22.75 | 23.35 | 24.73 | 25.33 |
| Fibonacci | 20.90 | 21.66 | 22.12 | 22.88 | 23.64 | 24.10 | 24.86 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 17.11 | 18.89 | 20.25 | 22.03 | 23.39 | 25.17 | 26.53 |
| Camarilla | 20.76 | 21.04 | 21.33 | 21.62 | 21.91 | 22.20 | 22.48 |
| Woodie | 16.91 | 18.79 | 20.05 | 21.93 | 23.19 | 25.07 | 26.33 |
| Fibonacci | 18.89 | 20.09 | 20.83 | 22.03 | 23.23 | 23.97 | 25.17 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8.50 | 12.00 | 16.86 | 20.36 | 25.22 | 28.72 | 33.58 |
| Camarilla | 19.43 | 20.20 | 20.96 | 21.73 | 22.50 | 23.26 | 24.03 |
| Woodie | 9.19 | 12.34 | 17.55 | 20.70 | 25.91 | 29.06 | 34.27 |
| Fibonacci | 12.00 | 15.19 | 17.16 | 20.36 | 23.55 | 25.52 | 28.72 |
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): | 54.70 | |
| MACD (12,26,9): | 0.1400 | |
| Directional Movement: | 21.14 | |
| AROON (14): | -42.86 | |
| DEMA (21): | 22.95 | |
| Parabolic SAR (0,02-0,02-0,2): | 23.74 | |
| Elder Ray (13): | 0.10 | |
| Super Trend (3,10): | 23.27 | |
| Zig ZAG (10): | 22.92 | |
| VORTEX (21): | 1.0500 | |
| Stochastique (14,3,5): | 43.60 | |
| TEMA (21): | 22.92 | |
| Williams %R (14): | -61.11 | |
| Chande Momentum Oscillator (20): | -0.89 | |
| Repulse (5,40,3): | 0.3400 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1100 | |
| Courbe Coppock: | 0.56 |
| MA7: | 22.16 | |
| MA20: | 21.97 | |
| MA50: | 19.34 | |
| MA100: | 20.10 | |
| MAexp7: | 22.84 | |
| MAexp20: | 22.73 | |
| MAexp50: | 22.42 | |
| MAexp100: | 22.20 | |
| Price / MA7: | +6.05% | |
| Price / MA20: | +6.96% | |
| Price / MA50: | +21.51% | |
| Price / MA100: | +16.92% | |
| Price / MAexp7: | +2.89% | |
| Price / MAexp20: | +3.39% | |
| Price / MAexp50: | +4.82% | |
| Price / MAexp100: | +5.86% |
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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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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