ETHEREUM CLASSIC - ETC/USD - 1H - Technical analysis published on 04/21/2023 (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 bearish
Underlying:
Strongly bearish
Technical indicators
22%
28%
50%
My opinion
Bearish under 20.23 USD
My targets
19.79 USD (-1.35%)
19.26 USD (-3.99%)
My analysis
ETHEREUM CLASSIC - ETC/USD is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 20.23 USD. The next support located at 19.79 USD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 19.26 USD. Below this support, sellers could then target 18.02 USD. With the current pattern, you will need to monitor for possible bearish 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 bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
6.3
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The ETHEREUM CLASSIC - ETC/USD price is 20.06 USD. On the day, this instrument lost -0.05% with the lowest point at 20.04 USD and the highest point at 20.24 USD. The deviation from the price is +0.10% for the low point and -0.89% for the high point.20.04
20.24
20.06
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
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:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this ETHEREUM CLASSIC - ETC/USD chart shows a sharp bearish trend. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
The Central Indicators scanner found this result concerning these indicators:
Pivot points : price is under support 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:
Near resistance of channel
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 18.02 | 19.26 | 19.79 | 20.06 | 20.23 | 20.75 | 21.20 |
| Change (%) | -10.17% | -3.99% | -1.35% | - | +0.85% | +3.44% | +5.68% |
| Change | -2.04 | -0.80 | -0.27 | - | +0.17 | +0.69 | +1.14 |
| Level | Intermediate | Minor | Intermediate | - | Minor | Minor | Intermediate |
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 | 18.70 | 19.24 | 19.66 | 20.20 | 20.62 | 21.16 | 21.58 |
| Camarilla | 19.81 | 19.89 | 19.98 | 20.07 | 20.16 | 20.25 | 20.33 |
| Woodie | 18.63 | 19.21 | 19.59 | 20.17 | 20.55 | 21.13 | 21.51 |
| Fibonacci | 19.24 | 19.61 | 19.84 | 20.20 | 20.57 | 20.80 | 21.16 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 17.57 | 18.88 | 20.51 | 21.82 | 23.45 | 24.76 | 26.39 |
| Camarilla | 21.32 | 21.59 | 21.86 | 22.13 | 22.40 | 22.67 | 22.94 |
| Woodie | 17.72 | 18.96 | 20.66 | 21.90 | 23.60 | 24.84 | 26.54 |
| Fibonacci | 18.88 | 20.01 | 20.70 | 21.82 | 22.95 | 23.64 | 24.76 |
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 is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 43.06 | |
| MACD (12,26,9): | -0.1500 | |
| Directional Movement: | -10.82 | |
| AROON (14): | -28.57 | |
| DEMA (21): | 20.01 | |
| Parabolic SAR (0,02-0,02-0,2): | 20.32 | |
| Elder Ray (13): | 0.02 | |
| Super Trend (3,10): | 20.55 | |
| Zig ZAG (10): | 20.11 | |
| VORTEX (21): | 0.9000 | |
| Stochastique (14,3,5): | 34.72 | |
| TEMA (21): | 20.03 | |
| Williams %R (14): | -67.71 | |
| Chande Momentum Oscillator (20): | -0.44 | |
| Repulse (5,40,3): | -0.2700 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.1100 | |
| Courbe Coppock: | 4.37 |
| MA7: | 21.21 | |
| MA20: | 21.17 | |
| MA50: | 20.31 | |
| MA100: | 21.09 | |
| MAexp7: | 20.10 | |
| MAexp20: | 20.22 | |
| MAexp50: | 20.57 | |
| MAexp100: | 20.98 | |
| Price / MA7: | -5.42% | |
| Price / MA20: | -5.24% | |
| Price / MA50: | -1.23% | |
| Price / MA100: | -4.88% | |
| Price / MAexp7: | -0.20% | |
| Price / MAexp20: | -0.79% | |
| Price / MAexp50: | -2.48% | |
| Price / MAexp100: | -4.39% |
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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