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ETHEREUM CLASSIC - ETC/USD
ETHEREUM CLASSIC - ETC/USD
- USD (-)
- Real time data - Cryptocompare
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Cryptocurrencies
Ticker: ETCUSD
ISIN:

ETHEREUM CLASSIC - ETC/USD - 1H - Technical analysis published on 04/23/2023 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
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Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Neutral
Technical indicators
28%
17%
56%
My opinion
Bullish above 19.77 USD
My targets
20.75 USD (+2.62%)
21.18 USD (+4.75%)
My analysis
The current short-term bullish trend should quickly fix the basic bullish trend. To avoid contradicting the short term, it would be possible to favour long positions (at the time of purchase) for ETHEREUM CLASSIC - ETC/USD as long as the price remains well above 19.77 USD. The buyers' bullish objective is set at 20.75 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 21.18 USD. If there is any crossing, the next objective would be the resistance located at 21.87 USD.

In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.
Force
0
10
1.6

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.

Londinia
This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

The ETHEREUM CLASSIC - ETC/USD price is 20.22 USD. On the day, this instrument lost -0.05% with the lowest point at 19.86 USD and the highest point at 20.27 USD. The deviation from the price is +1.81% for the low point and -0.25% for the high point.

19.86
20.27
20.22

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.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning


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

Central Records

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly



Technical


Technical analysis of this 1H chart of ETHEREUM CLASSIC - ETC/USD indicates that the overall trend is not clearly defined. This indecision could turn into a bullish trend due to the strong bullish signals currently being given by short-term moving averages. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:

Central Indicators

Bullish trend reversal : adaptative moving average 20

Type : Bullish

Timeframe : 1 hour


Bullish trend reversal : adaptative moving average 50

Type : Bullish

Timeframe : 1 hour



An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

RSI indicator is oversold : under 30

Type : Neutral

Timeframe : 1 hour


CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour


Previous candle closed under Bollinger bands

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Central Indicators

Pivot points : price is under support 1

Type : Neutral

Timeframe : Weekly


Pivot points : price is under support 3

Type : Neutral

Timeframe : 1 hour



The analysis of the price chart with Central Patterns scanners does not return any result.

No result was found by the Central Candlesticks scanner on Japanese candlesticks.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 18.02 19.26 19.77 20.22 20.75 21.18 21.87
Change (%) -10.88% -4.75% -2.23% - +2.62% +4.75% +8.16%
Change -2.20 -0.96 -0.45 - +0.53 +0.96 +1.65
Level Intermediate Intermediate Intermediate - Minor Minor Major



Attention could also be paid to pivot points to set price objectives:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard18.4018.8719.5520.0220.7021.1721.85
Camarilla19.9120.0220.1320.2320.3420.4420.55
Woodie18.5118.9219.6620.0720.8121.2221.96
Fibonacci18.8719.3119.5820.0220.4620.7321.17


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard15.3917.2618.7420.6122.0923.9625.44
Camarilla19.3119.6219.9220.2320.5420.8421.15
Woodie15.2117.1618.5620.5121.9123.8625.26
Fibonacci17.2618.5419.3320.6121.8922.6823.96


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard10.5613.3617.0519.8523.5426.3430.03
Camarilla18.9519.5420.1420.7321.3321.9222.52
Woodie11.0013.5817.4920.0723.9826.5630.47
Fibonacci13.3615.8417.3719.8522.3323.8626.34

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): 52.91
MACD (12,26,9): 0.0500
Directional Movement: 6.57
AROON (14): -64.29
DEMA (21): 20.15
Parabolic SAR (0,02-0,02-0,2): 20.44
Elder Ray (13): 0.01
Super Trend (3,10): 19.88
Zig ZAG (10): 20.11
VORTEX (21): 1.1100
Stochastique (14,3,5): 42.58
TEMA (21): 20.18
Williams %R (14): -50.00
Chande Momentum Oscillator (20): -0.10
Repulse (5,40,3): -0.1700
ROCnROLL: 1
TRIX (15,9): 0.0600
Courbe Coppock: 0.61
MA7: 20.53
MA20: 21.09
MA50: 20.30
MA100: 21.06
MAexp7: 20.10
MAexp20: 20.08
MAexp50: 20.07
MAexp100: 20.34
Price / MA7: -1.51%
Price / MA20: -4.13%
Price / MA50: -0.39%
Price / MA100: -3.99%
Price / MAexp7: +0.60%
Price / MAexp20: +0.70%
Price / MAexp50: +0.75%
Price / MAexp100: -0.59%

Quotes : - Real time data - Cryptocompare

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

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Londinia AI

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