ETHEREUM CLASSIC - ETC/USD - 1H - Technical analysis published on 09/22/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
17%
56%
28%
My opinion
Bearish under 15.35 USD
My targets
15.10 USD (-0.66%)
14.15 USD (-6.91%)
My analysis
The bearish trend is currently very strong for ETHEREUM CLASSIC - ETC/USD. As long as the price remains below the resistance at 15.35 USD, you could try to take advantage of the bearish rally. The first bearish objective is located at 15.10 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 14.15 USD as an objective. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
Force
0
10
7.3
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Additional analysis
Quotes
ETHEREUM CLASSIC - ETC/USD rating 15.20 USD. The price registered a decrease of -0.07% on the session and was between 15.10 USD and 15.33 USD. This implies that the price is at +0.66% from its lowest and at -0.85% from its highest.15.10
15.33
15.20
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
New LOW record (1st january)
Type : Bearish
Timeframe : Weekly
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 strongly bearish. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish 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, 10 technical indicators on 18 studied are currently positioned bearish. The Central Indicators scanner found this result concerning these indicators:
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bearish signal that could support the hypothesis of a small drop in the very short term:
Dark cloud cover
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S2
S1
R1
R2
R3
Price
| S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 14.15 | 15.10 | 15.20 | 15.35 | 15.54 | 15.70 |
| Change (%) | -6.91% | -0.66% | - | +0.99% | +2.24% | +3.29% |
| Change | -1.05 | -0.10 | - | +0.15 | +0.34 | +0.50 |
| Level | Major | Intermediate | - | Intermediate | 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 | 14.45 | 14.78 | 14.99 | 15.32 | 15.53 | 15.86 | 16.07 |
| Camarilla | 15.06 | 15.11 | 15.16 | 15.21 | 15.26 | 15.31 | 15.36 |
| Woodie | 14.40 | 14.75 | 14.94 | 15.29 | 15.48 | 15.83 | 16.02 |
| Fibonacci | 14.78 | 14.98 | 15.11 | 15.32 | 15.52 | 15.65 | 15.86 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 13.32 | 13.89 | 14.77 | 15.34 | 16.22 | 16.79 | 17.67 |
| Camarilla | 15.24 | 15.37 | 15.51 | 15.64 | 15.77 | 15.91 | 16.04 |
| Woodie | 13.47 | 13.97 | 14.92 | 15.42 | 16.37 | 16.87 | 17.82 |
| Fibonacci | 13.89 | 14.45 | 14.79 | 15.34 | 15.90 | 16.24 | 16.79 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9.09 | 11.42 | 13.46 | 15.79 | 17.83 | 20.16 | 22.20 |
| Camarilla | 14.31 | 14.71 | 15.11 | 15.51 | 15.91 | 16.31 | 16.71 |
| Woodie | 8.96 | 11.35 | 13.33 | 15.72 | 17.70 | 20.09 | 22.07 |
| Fibonacci | 11.42 | 13.09 | 14.12 | 15.79 | 17.46 | 18.49 | 20.16 |
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): | 43.85 | |
| MACD (12,26,9): | -0.0300 | |
| Directional Movement: | -3.53 | |
| AROON (14): | -71.43 | |
| DEMA (21): | 15.19 | |
| Parabolic SAR (0,02-0,02-0,2): | 15.32 | |
| Elder Ray (13): | 0.01 | |
| Super Trend (3,10): | 15.31 | |
| Zig ZAG (10): | 15.20 | |
| VORTEX (21): | 1.0000 | |
| Stochastique (14,3,5): | 35.00 | |
| TEMA (21): | 15.21 | |
| Williams %R (14): | -65.00 | |
| Chande Momentum Oscillator (20): | -0.11 | |
| Repulse (5,40,3): | -0.2300 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0300 | |
| Courbe Coppock: | 0.72 |
| MA7: | 15.49 | |
| MA20: | 15.37 | |
| MA50: | 16.07 | |
| MA100: | 17.22 | |
| MAexp7: | 15.21 | |
| MAexp20: | 15.24 | |
| MAexp50: | 15.33 | |
| MAexp100: | 15.41 | |
| Price / MA7: | -1.87% | |
| Price / MA20: | -1.11% | |
| Price / MA50: | -5.41% | |
| Price / MA100: | -11.73% | |
| Price / MAexp7: | -0.07% | |
| Price / MAexp20: | -0.26% | |
| Price / MAexp50: | -0.85% | |
| Price / MAexp100: | -1.36% |
Quotes :
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Real time data
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Cryptocompare
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