ETHEREUM CLASSIC - ETC/USD

- USD (-)

- Real time data - CoinMarketCap

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Type:	Cryptocurrencies
Ticker:	ETCUSD
ISIN:

ETHEREUM CLASSIC - ETC/USD - Daily - Technical analysis published on 04/12/2023 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Bullish

Technical indicators

78%

17%

My opinion

Bullish above 19.85 USD

My targets

24.04 USD (+12.18%)

26.51 USD (+23.71%)

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 19.85 USD. The next resistance located at 24.04 USD is the next bullish target 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 26.51 USD. After this resistance, buyers could then target 27.89 USD.

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

6.3

Comment on the analysis

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.

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 21.43 USD. The price registered a decrease of -0.33% on the session and was between 20.71 USD and 21.94 USD. This implies that the price is at +3.48% from its lowest and at -2.32% from its highest.

20.71

21.94

21.43

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.

Bearish opening

Type : Bearish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

The study of the highest / lowest by the Central Records scanner shows the following result:

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of this Daily chart of ETHEREUM CLASSIC - ETC/USD indicates that the overall trend is bullish. 71.43% of the signals given by moving averages are bullish. This 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, 14 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:

Resistance of channel is broken

Type : Bullish

Timeframe : Daily

The presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:

Bearish harami

Type : Bearish

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	14.36	18.02	21.15	21.43	24.04	26.51	27.89
Change (%)	-32.99%	-15.91%	-1.31%	-	+12.18%	+23.71%	+30.14%
Change	-7.07	-3.41	-0.28	-	+2.61	+5.08	+6.46
Level	Major	Minor	Major	-	Intermediate	Intermediate	Minor

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	19.50	20.18	20.84	21.52	22.18	22.86	23.52
Camarilla	21.13	21.25	21.38	21.50	21.62	21.75	21.87
Woodie	19.49	20.18	20.83	21.52	22.17	22.86	23.51
Fibonacci	20.18	20.69	21.01	21.52	22.03	22.35	22.86

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	17.93	18.90	19.64	20.61	21.35	22.32	23.06
Camarilla	19.90	20.06	20.21	20.37	20.53	20.68	20.84
Woodie	17.81	18.84	19.52	20.55	21.23	22.26	22.94
Fibonacci	18.90	19.56	19.96	20.61	21.27	21.67	22.32

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	10.56	13.36	17.05	19.85	23.54	26.34	30.03
Camarilla	18.95	19.54	20.14	20.73	21.33	21.92	22.52
Woodie	11.00	13.58	17.49	20.07	23.98	26.56	30.47
Fibonacci	13.36	15.84	17.37	19.85	22.33	23.86	26.34

Numerical data

The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	57.57
MACD (12,26,9):	0.2500
Directional Movement:	10.43
AROON (14):	57.15
DEMA (21):	20.98
Parabolic SAR (0,02-0,02-0,2):	19.12
Elder Ray (13):	0.49
Super Trend (3,10):	18.70
Zig ZAG (10):	21.35
VORTEX (21):	1.0700
Stochastique (14,3,5):	68.37
TEMA (21):	21.24
Williams %R (14):	-29.31
Chande Momentum Oscillator (20):	0.79
Repulse (5,40,3):	3.7600
ROCnROLL:	1
TRIX (15,9):	0.1400
Courbe Coppock:	5.90

MA7:	20.88
MA20:	20.64
MA50:	20.28
MA100:	20.90
MAexp7:	21.07
MAexp20:	20.71
MAexp50:	20.56
MAexp100:	20.91
Price / MA7:	+2.63%
Price / MA20:	+3.83%
Price / MA50:	+5.67%
Price / MA100:	+2.54%
Price / MAexp7:	+1.71%
Price / MAexp20:	+3.48%
Price / MAexp50:	+4.23%
Price / MAexp100:	+2.49%

Quotes : - Real time data - Cryptocompare

This member declared not having a position on this financial instrument or a related financial instrument.

About author

Londinia AI

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