ETHEREUM CLASSIC - ETC/USD - 1H - Technical analysis published on 02/15/2024 (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:
Bullish
Underlying:
Strongly bullish
Technical indicators
28%
17%
56%
My opinion
Bullish above 26.36 USD
My targets
27.05 USD (+0.78%)
27.28 USD (+1.64%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on ETHEREUM CLASSIC - ETC/USD as long as the price remains well above 26.36 USD. The buyers' bullish objective is set at 27.05 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 27.28 USD. If there is any crossing, the next objective would be the resistance located at 29.61 USD. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible overbought items that could be a sign of a possible short-term correction.
In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.
Force
0
10
5.7
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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 price is 26.84 USD. The price is lower by -0.15% since the last closing and was traded between 26.41 USD and 27.48 USD over the period. The price is currently at +1.63% from its lowest and -2.33% from its highest.26.41
27.48
26.84
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
The Central Volumes scanner detects abnormal volumes on the asset:
Abnormal volumes
Timeframe : 50 days
Technical
A technical analysis in 1H of this ETHEREUM CLASSIC - ETC/USD chart shows a strongly bullish trend. 89.29% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages indicate this trend is showing signs of running out of steam. An assessment of moving averages reveals a bearish signal that could impact this trend:
Bearish trend reversal : Moving Average 20
Type : Bearish
Timeframe : 1 hour
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
RSI indicator is back under 50
Type : Bearish
Timeframe : 1 hour
MACD crosses DOWN its Moving Average
Type : Bearish
Timeframe : 1 hour
Parabolic SAR indicator bearish reversal
Type : Bearish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
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 | 25.38 | 26.36 | 26.72 | 26.84 | 27.05 | 27.28 | 29.61 |
| Change (%) | -5.44% | -1.79% | -0.45% | - | +0.78% | +1.64% | +10.32% |
| Change | -1.46 | -0.48 | -0.12 | - | +0.21 | +0.44 | +2.77 |
| Level | Major | Minor | Minor | - | Minor | Major | 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 | 24.46 | 25.07 | 25.98 | 26.59 | 27.50 | 28.11 | 29.02 |
| Camarilla | 26.46 | 26.60 | 26.74 | 26.88 | 27.02 | 27.16 | 27.30 |
| Woodie | 24.60 | 25.15 | 26.12 | 26.67 | 27.64 | 28.19 | 29.16 |
| Fibonacci | 25.07 | 25.65 | 26.01 | 26.59 | 27.17 | 27.53 | 28.11 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 21.62 | 22.81 | 24.34 | 25.53 | 27.06 | 28.25 | 29.78 |
| Camarilla | 25.12 | 25.37 | 25.62 | 25.87 | 26.12 | 26.37 | 26.62 |
| Woodie | 21.79 | 22.90 | 24.51 | 25.62 | 27.23 | 28.34 | 29.95 |
| Fibonacci | 22.81 | 23.85 | 24.49 | 25.53 | 26.57 | 27.21 | 28.25 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.57 | 10.95 | 17.64 | 25.02 | 31.71 | 39.09 | 45.78 |
| Camarilla | 20.46 | 21.75 | 23.04 | 24.33 | 25.62 | 26.91 | 28.20 |
| Woodie | 3.23 | 10.78 | 17.30 | 24.85 | 31.37 | 38.92 | 45.44 |
| Fibonacci | 10.95 | 16.33 | 19.65 | 25.02 | 30.40 | 33.72 | 39.09 |
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): | 50.76 | |
| MACD (12,26,9): | 0.0600 | |
| Directional Movement: | 9.17 | |
| AROON (14): | 42.85 | |
| DEMA (21): | 26.89 | |
| Parabolic SAR (0,02-0,02-0,2): | 26.57 | |
| Elder Ray (13): | -0.01 | |
| Super Trend (3,10): | 26.43 | |
| Zig ZAG (10): | 26.78 | |
| VORTEX (21): | 1.0000 | |
| Stochastique (14,3,5): | 51.71 | |
| TEMA (21): | 26.85 | |
| Williams %R (14): | -74.77 | |
| Chande Momentum Oscillator (20): | -0.19 | |
| Repulse (5,40,3): | -1.3000 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0300 | |
| Courbe Coppock: | 0.48 |
| MA7: | 26.36 | |
| MA20: | 25.29 | |
| MA50: | 24.34 | |
| MA100: | 22.19 | |
| MAexp7: | 26.80 | |
| MAexp20: | 26.81 | |
| MAexp50: | 26.68 | |
| MAexp100: | 26.45 | |
| Price / MA7: | +1.82% | |
| Price / MA20: | +6.13% | |
| Price / MA50: | +10.27% | |
| Price / MA100: | +20.96% | |
| Price / MAexp7: | +0.15% | |
| Price / MAexp20: | +0.11% | |
| Price / MAexp50: | +0.60% | |
| Price / MAexp100: | +1.47% |
Quotes :
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Real time data
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Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
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