ETHEREUM CLASSIC - ETC/USD - 1H - Technical analysis published on 01/26/2024 (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 bullish
Underlying:
Slightly bullish
Technical indicators
33%
28%
39%
My opinion
Bullish above 22.94 USD
My targets
23.56 USD (+1.55%)
24.40 USD (+5.17%)
My analysis
The strong short-term increase for ETHEREUM CLASSIC - ETC/USD reinforces the current slightly bullish trend. As long as the price remains above 22.94 USD, you could take advantage of this bullish acceleration. The first bullish objective is located at 23.56 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 24.40 USD as an objective. Crossing it would then enable buyers to target 25.45 USD. A return to 22.94 USD would be a sign of a possible correction of short-term bullish excesses. In this case, you could stay away while waiting for signals indicating a reversal of the trend.
In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.
Force
0
10
3
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Additional analysis
Quotes
The ETHEREUM CLASSIC - ETC/USD rating is 23.20 USD. The price is lower by -0.13% since the last closing and was between 22.89 USD and 23.42 USD. This implies that the price is at +1.35% from its lowest and at -0.94% from its highest.22.89
23.42
23.20
Here is a more detailed summary of the historical variations registered by ETHEREUM CLASSIC - ETC/USD:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of this 1H chart of ETHEREUM CLASSIC - ETC/USD indicates that the overall trend is slightly bullish. Only 60.71% of the signals given by moving averages are bullish. This slightly bullish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:
Moving Average bullish crossovers : AMA20 & AMA50
Type : Bullish
Timeframe : 1 hour
On the 18 technical indicators analysed, 6 are bullish, 7 are neutral and 5 are bearish. The Central Indicators scanner specialised in technical indicators, has not detected anything further.
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
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 21.72 | 22.27 | 22.94 | 23.20 | 23.56 | 24.40 | 25.45 |
| Change (%) | -6.38% | -4.01% | -1.12% | - | +1.55% | +5.17% | +9.70% |
| Change | -1.48 | -0.93 | -0.26 | - | +0.36 | +1.20 | +2.25 |
| Level | Minor | Intermediate | Minor | - | Minor | Intermediate | Major |
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 | 21.17 | 21.72 | 22.47 | 23.02 | 23.77 | 24.32 | 25.07 |
| Camarilla | 22.87 | 22.99 | 23.11 | 23.23 | 23.35 | 23.47 | 23.59 |
| Woodie | 21.28 | 21.77 | 22.58 | 23.07 | 23.88 | 24.37 | 25.18 |
| Fibonacci | 21.72 | 22.21 | 22.52 | 23.02 | 23.51 | 23.82 | 24.32 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 16.39 | 19.67 | 22.20 | 25.48 | 28.01 | 31.29 | 33.82 |
| Camarilla | 23.14 | 23.68 | 24.21 | 24.74 | 25.27 | 25.81 | 26.34 |
| Woodie | 16.03 | 19.48 | 21.84 | 25.29 | 27.65 | 31.10 | 33.46 |
| Fibonacci | 19.67 | 21.89 | 23.26 | 25.48 | 27.70 | 29.07 | 31.29 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 12.69 | 15.51 | 18.72 | 21.54 | 24.75 | 27.57 | 30.78 |
| Camarilla | 20.27 | 20.83 | 21.38 | 21.93 | 22.48 | 23.04 | 23.59 |
| Woodie | 12.89 | 15.61 | 18.92 | 21.64 | 24.95 | 27.67 | 30.98 |
| Fibonacci | 15.51 | 17.81 | 19.24 | 21.54 | 23.84 | 25.27 | 27.57 |
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): | 52.24 | |
| MACD (12,26,9): | 0.0900 | |
| Directional Movement: | -0.04 | |
| AROON (14): | 7.14 | |
| DEMA (21): | 23.19 | |
| Parabolic SAR (0,02-0,02-0,2): | 23.55 | |
| Elder Ray (13): | -0.03 | |
| Super Trend (3,10): | 22.46 | |
| Zig ZAG (10): | 23.08 | |
| VORTEX (21): | 1.1100 | |
| Stochastique (14,3,5): | 33.85 | |
| TEMA (21): | 23.23 | |
| Williams %R (14): | -60.38 | |
| Chande Momentum Oscillator (20): | 0.03 | |
| Repulse (5,40,3): | -0.2900 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0700 | |
| Courbe Coppock: | 1.62 |
| MA7: | 23.51 | |
| MA20: | 24.76 | |
| MA50: | 22.56 | |
| MA100: | 20.47 | |
| MAexp7: | 23.16 | |
| MAexp20: | 23.07 | |
| MAexp50: | 22.98 | |
| MAexp100: | 23.19 | |
| Price / MA7: | -1.32% | |
| Price / MA20: | -6.30% | |
| Price / MA50: | +2.84% | |
| Price / MA100: | +13.34% | |
| Price / MAexp7: | +0.17% | |
| Price / MAexp20: | +0.56% | |
| Price / MAexp50: | +0.96% | |
| Price / MAexp100: | +0.04% |
Quotes :
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Real time data
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