ETHEREUM CLASSIC - ETC/USD - 1H - Technical analysis published on 10/26/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : NEUTRAL
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Slightly bullish
Technical indicators
17%
50%
33%
My opinion
Neutral between 16.17 USD and 16.69 USD
My targets
-
My analysis
The short-term decline on ETHEREUM CLASSIC - ETC/USD remains moderate but it could call into question the slightly bullish basic trend. It is difficult to advise a trading direction under these conditions. The first support is located at 16.17 USD. The first resistance is located at 16.69 USD. You could remain on the sidelines waiting for a more pronounced price movement on this instrument. A new analysis could then be carried out to provide clearer signals.
In the very short term, technical indicators are bearish and could soon allow change to a bearish sentiment.
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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 rating is 16.39 USD. On the day, this instrument lost -0.06% and was between 15.85 USD and 17.19 USD. This implies that the price is at +3.41% from its lowest and at -4.65% from its highest.15.85
17.19
16.39
Here is a more detailed summary of the historical variations registered by ETHEREUM CLASSIC - ETC/USD:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Abnormal volumes on ETHEREUM CLASSIC - ETC/USD were detected by the Central Volumes scanner:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Technical
Technical analysis of this 1H chart of ETHEREUM CLASSIC - ETC/USD indicates that the overall trend is slightly bullish. 53.57% of the signals given by moving averages are bullish. Caution: the slightly bearish signals currently given by short-term moving averages indicate that the overall trend could be reversed. An assessment of moving averages reveals a bearish signal that could impact this trend:
Bearish price crossover with adaptative moving average 50
Type : Bearish
Timeframe : 1 hour
Technical indicators are slightly bearish. There is therefore considerable uncertainty about the continuation of the decline.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Price is back over the pivot point
Type : Bullish
Timeframe : 1 hour
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
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 : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 15.23 | 15.73 | 16.17 | 16.39 | 16.69 | 17.33 | 19.33 |
| Change (%) | -7.08% | -4.03% | -1.34% | - | +1.83% | +5.74% | +17.94% |
| Change | -1.16 | -0.66 | -0.22 | - | +0.30 | +0.94 | +2.94 |
| Level | Intermediate | Intermediate | Minor | - | Major | 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 | 15.55 | 15.86 | 16.13 | 16.44 | 16.71 | 17.02 | 17.29 |
| Camarilla | 16.24 | 16.29 | 16.35 | 16.40 | 16.45 | 16.51 | 16.56 |
| Woodie | 15.53 | 15.85 | 16.11 | 16.43 | 16.69 | 17.01 | 17.27 |
| Fibonacci | 15.86 | 16.08 | 16.22 | 16.44 | 16.66 | 16.80 | 17.02 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 13.81 | 14.23 | 14.99 | 15.41 | 16.17 | 16.59 | 17.35 |
| Camarilla | 15.44 | 15.54 | 15.65 | 15.76 | 15.87 | 15.98 | 16.09 |
| Woodie | 13.99 | 14.32 | 15.17 | 15.50 | 16.35 | 16.68 | 17.53 |
| Fibonacci | 14.23 | 14.68 | 14.96 | 15.41 | 15.86 | 16.14 | 16.59 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 12.58 | 13.53 | 14.94 | 15.89 | 17.30 | 18.25 | 19.66 |
| Camarilla | 15.71 | 15.93 | 16.14 | 16.36 | 16.58 | 16.79 | 17.01 |
| Woodie | 12.82 | 13.65 | 15.18 | 16.01 | 17.54 | 18.37 | 19.90 |
| Fibonacci | 13.53 | 14.43 | 14.99 | 15.89 | 16.79 | 17.35 | 18.25 |
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): | 46.69 | |
| MACD (12,26,9): | -0.0200 | |
| Directional Movement: | -11.78 | |
| AROON (14): | -50.00 | |
| DEMA (21): | 16.48 | |
| Parabolic SAR (0,02-0,02-0,2): | 17.06 | |
| Elder Ray (13): | -0.10 | |
| Super Trend (3,10): | 16.94 | |
| Zig ZAG (10): | 16.41 | |
| VORTEX (21): | 0.9600 | |
| Stochastique (14,3,5): | 38.81 | |
| TEMA (21): | 16.44 | |
| Williams %R (14): | -58.21 | |
| Chande Momentum Oscillator (20): | -0.46 | |
| Repulse (5,40,3): | 0.4900 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0100 | |
| Courbe Coppock: | 1.15 |
| MA7: | 16.10 | |
| MA20: | 15.41 | |
| MA50: | 15.49 | |
| MA100: | 16.27 | |
| MAexp7: | 16.43 | |
| MAexp20: | 16.49 | |
| MAexp50: | 16.46 | |
| MAexp100: | 16.29 | |
| Price / MA7: | +1.80% | |
| Price / MA20: | +6.36% | |
| Price / MA50: | +5.81% | |
| Price / MA100: | +0.74% | |
| Price / MAexp7: | -0.24% | |
| Price / MAexp20: | -0.61% | |
| Price / MAexp50: | -0.43% | |
| Price / MAexp100: | +0.61% |
Quotes :
-
Real time data
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Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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