ETHEREUM CLASSIC - ETC/USD - 1H - Technical analysis published on 02/18/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
78%
0%
22%
My opinion
Bullish above 22.09 USD
My targets
22.80 USD (+1.65%)
24.31 USD (+8.38%)
My analysis
ETHEREUM CLASSIC - ETC/USD is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 22.09 USD. The next resistance located at 22.80 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 24.31 USD. After this resistance, buyers could then target 26.60 USD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
7.5
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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 22.43 USD. On the day, this instrument lost -0.09% with the lowest point at 22.41 USD and the highest point at 22.61 USD. The deviation from the price is +0.09% for the low point and -0.80% for the high point.22.41
22.61
22.43
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
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
Technical analysis of this 1H chart of ETHEREUM CLASSIC - ETC/USD indicates that the overall trend is strongly bullish. 82.14% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
An assessment of technical indicators shows a strong bullish signal.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 21.63 | 22.09 | 22.31 | 22.43 | 22.80 | 24.31 | 26.60 |
| Change (%) | -3.57% | -1.52% | -0.53% | - | +1.65% | +8.38% | +18.59% |
| Change | -0.80 | -0.34 | -0.12 | - | +0.37 | +1.88 | +4.17 |
| Level | Intermediate | Intermediate | Minor | - | Intermediate | Minor | Intermediate |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 20.25 | 20.74 | 21.60 | 22.09 | 22.95 | 23.44 | 24.30 |
| Camarilla | 22.08 | 22.20 | 22.33 | 22.45 | 22.57 | 22.70 | 22.82 |
| Woodie | 20.43 | 20.83 | 21.78 | 22.18 | 23.13 | 23.53 | 24.48 |
| Fibonacci | 20.74 | 21.26 | 21.58 | 22.09 | 22.61 | 22.93 | 23.44 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 16.51 | 18.52 | 20.01 | 22.02 | 23.51 | 25.52 | 27.01 |
| Camarilla | 20.54 | 20.86 | 21.18 | 21.50 | 21.82 | 22.14 | 22.46 |
| Woodie | 16.25 | 18.39 | 19.75 | 21.89 | 23.25 | 25.39 | 26.75 |
| Fibonacci | 18.52 | 19.86 | 20.68 | 22.02 | 23.36 | 24.18 | 25.52 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8.49 | 11.99 | 16.85 | 20.35 | 25.21 | 28.71 | 33.57 |
| Camarilla | 19.41 | 20.18 | 20.94 | 21.71 | 22.48 | 23.24 | 24.01 |
| Woodie | 9.17 | 12.33 | 17.53 | 20.69 | 25.89 | 29.05 | 34.25 |
| Fibonacci | 11.99 | 15.18 | 17.16 | 20.35 | 23.54 | 25.52 | 28.71 |
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): | 60.19 | |
| MACD (12,26,9): | 0.1200 | |
| Directional Movement: | 3.07 | |
| AROON (14): | 42.86 | |
| DEMA (21): | 22.21 | |
| Parabolic SAR (0,02-0,02-0,2): | 22.01 | |
| Elder Ray (13): | 0.17 | |
| Super Trend (3,10): | 21.89 | |
| Zig ZAG (10): | 22.35 | |
| VORTEX (21): | 1.1600 | |
| Stochastique (14,3,5): | 84.47 | |
| TEMA (21): | 22.44 | |
| Williams %R (14): | -10.68 | |
| Chande Momentum Oscillator (20): | 0.80 | |
| Repulse (5,40,3): | 0.8900 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0500 | |
| Courbe Coppock: | 6.70 |
| MA7: | 21.69 | |
| MA20: | 21.97 | |
| MA50: | 20.96 | |
| MA100: | 19.77 | |
| MAexp7: | 22.39 | |
| MAexp20: | 22.05 | |
| MAexp50: | 21.92 | |
| MAexp100: | 21.74 | |
| Price / MA7: | +3.41% | |
| Price / MA20: | +2.09% | |
| Price / MA50: | +7.01% | |
| Price / MA100: | +13.45% | |
| Price / MAexp7: | +0.18% | |
| Price / MAexp20: | +1.72% | |
| Price / MAexp50: | +2.33% | |
| Price / MAexp100: | +3.17% |
Quotes :
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Real time data
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