ETHEREUM CLASSIC - ETC/USD

- USD (-)

- Real time data - Cryptocompare

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Type:	Cryptocurrencies
Ticker:	ETCUSD
ISIN:

ETHEREUM CLASSIC - ETC/USD - Daily - Technical analysis published on 07/12/2023 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Bullish

Underlying: Bullish

Technical indicators

11%

39%

50%

My opinion

Bullish above 17.09 USD

My targets

19.31 USD (+2.28%)

21.18 USD (+12.18%)

My analysis

All elements being rather bullish, it would be possible for traders to only trade long positions (at the time of purchase) on ETHEREUM CLASSIC - ETC/USD as long as the price remains well above 17.09 USD. The buyers' bullish objective is set at 19.31 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 22.46 USD. Be careful, the short term currently seems to be losing momentum. Its reversal would lead to mitigation of the, bullish, basic trend. If you have another key point closer to the current price, it would be better to only trade long positions (at the time of purchase) above that key point.

In the very short term, technical indicators are in opposition with the general bullish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.

Force

2.3

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 18.88 USD. The price registered a decrease of -0.05% on the session with the lowest point at 18.70 USD and the highest point at 19.20 USD. The deviation from the price is +0.96% for the low point and -1.67% for the high point.

18.70

19.20

18.88

The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.

Bullish opening

Type : Bullish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by ETHEREUM CLASSIC - ETC/USD:

Technical

A technical analysis in Daily of this ETHEREUM CLASSIC - ETC/USD chart shows a bullish trend. The signals given by moving averages are 67.86% bullish. This bullish trend is slowing down slightly given the slightly bullish signals of short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

Technical indicators are slightly bearish. There is therefore considerable uncertainty about the continuation of the decline.
Other results related to technical indicators were also found by the Central Indicators scanner:

Price is back under the pivot point

Type : Bearish

Timeframe : Daily

Momentum indicator is back under 0

Type : Bearish

Timeframe : Daily

No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

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

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	14.74	17.09	18.55	18.88	19.31	21.18	22.46
Change (%)	-21.93%	-9.48%	-1.75%	-	+2.28%	+12.18%	+18.96%
Change	-4.14	-1.79	-0.33	-	+0.43	+2.30	+3.58
Level	Minor	Intermediate	Intermediate	-	Intermediate	Intermediate	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	18.21	18.41	18.65	18.85	19.09	19.29	19.53
Camarilla	18.77	18.81	18.85	18.89	18.93	18.97	19.01
Woodie	18.23	18.42	18.67	18.86	19.11	19.30	19.55
Fibonacci	18.41	18.58	18.68	18.85	19.02	19.12	19.29

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	15.85	17.23	18.12	19.50	20.39	21.77	22.66
Camarilla	18.39	18.59	18.80	19.01	19.22	19.43	19.63
Woodie	15.61	17.11	17.88	19.38	20.15	21.65	22.42
Fibonacci	17.23	18.10	18.63	19.50	20.37	20.90	21.77

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	7.45	10.24	15.58	18.37	23.71	26.50	31.84
Camarilla	18.69	19.44	20.19	20.93	21.68	22.42	23.17
Woodie	8.74	10.88	16.87	19.01	25.00	27.14	33.13
Fibonacci	10.24	13.34	15.26	18.37	21.47	23.39	26.50

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):	52.47
MACD (12,26,9):	0.4000
Directional Movement:	7.62
AROON (14):	21.43
DEMA (21):	19.31
Parabolic SAR (0,02-0,02-0,2):	22.76
Elder Ray (13):	0.01
Super Trend (3,10):	17.59
Zig ZAG (10):	18.84
VORTEX (21):	1.1100
Stochastique (14,3,5):	26.16
TEMA (21):	19.49
Williams %R (14):	-76.56
Chande Momentum Oscillator (20):	-2.09
Repulse (5,40,3):	-1.1700
ROCnROLL:	-1
TRIX (15,9):	0.4900
Courbe Coppock:	4.54

MA7:	18.89
MA20:	19.14
MA50:	17.72
MA100:	18.72
MAexp7:	18.97
MAexp20:	18.73
MAexp50:	18.31
MAexp100:	18.59
Price / MA7:	-0.05%
Price / MA20:	-1.36%
Price / MA50:	+6.55%
Price / MA100:	+0.85%
Price / MAexp7:	-0.47%
Price / MAexp20:	+0.80%
Price / MAexp50:	+3.11%
Price / MAexp100:	+1.56%

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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