ETHEREUM CLASSIC - ETC/USD - 1H - Technical analysis published on 05/04/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
56%
6%
39%
My opinion
Bullish above 26.32 USD
My targets
27.36 USD (+1.79%)
28.00 USD (+4.17%)
My analysis
ETHEREUM CLASSIC - ETC/USD is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 26.32 USD. The next resistance located at 27.36 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 28.00 USD. After this resistance, buyers could then target 29.13 USD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
6.6
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Additional analysis
Quotes
The ETHEREUM CLASSIC - ETC/USD rating is 26.88 USD. The price is lower by -0.04% since the last closing and was between 26.80 USD and 27.27 USD. This implies that the price is at +0.30% from its lowest and at -1.43% from its highest.26.80
27.27
26.88
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of this 1H chart of ETHEREUM CLASSIC - ETC/USD indicates that the overall trend is strongly bullish. The signals given by the moving averages are 82.14% bullish. This strong bullish trend is confirmed by the strong signals currently being 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 bullish. Central Indicators, the detector scanner for these technical indicators recently detected a signal:
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.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 24.79 | 25.49 | 26.32 | 26.88 | 27.36 | 28.00 | 29.13 |
| Change (%) | -7.78% | -5.17% | -2.08% | - | +1.79% | +4.17% | +8.37% |
| Change | -2.09 | -1.39 | -0.56 | - | +0.48 | +1.12 | +2.25 |
| Level | Minor | Intermediate | Intermediate | - | Intermediate | Intermediate | Minor |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 23.91 | 24.70 | 25.79 | 26.58 | 27.67 | 28.46 | 29.55 |
| Camarilla | 26.37 | 26.55 | 26.72 | 26.89 | 27.06 | 27.24 | 27.41 |
| Woodie | 24.07 | 24.78 | 25.95 | 26.66 | 27.83 | 28.54 | 29.71 |
| Fibonacci | 24.70 | 25.42 | 25.86 | 26.58 | 27.30 | 27.74 | 28.46 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 23.42 | 24.60 | 26.20 | 27.38 | 28.98 | 30.16 | 31.76 |
| Camarilla | 27.04 | 27.29 | 27.55 | 27.80 | 28.06 | 28.31 | 28.57 |
| Woodie | 23.63 | 24.71 | 26.41 | 27.49 | 29.19 | 30.27 | 31.97 |
| Fibonacci | 24.60 | 25.66 | 26.32 | 27.38 | 28.44 | 29.10 | 30.16 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.30 | 15.11 | 20.27 | 28.08 | 33.24 | 41.05 | 46.21 |
| Camarilla | 21.85 | 23.04 | 24.23 | 25.42 | 26.61 | 27.80 | 28.99 |
| Woodie | 5.97 | 14.45 | 18.94 | 27.42 | 31.91 | 40.39 | 44.88 |
| Fibonacci | 15.11 | 20.07 | 23.13 | 28.08 | 33.04 | 36.10 | 41.05 |
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): | 64.61 | |
| MACD (12,26,9): | 0.2800 | |
| Directional Movement: | 18.95 | |
| AROON (14): | 21.43 | |
| DEMA (21): | 27.20 | |
| Parabolic SAR (0,02-0,02-0,2): | 27.32 | |
| Elder Ray (13): | 0.16 | |
| Super Trend (3,10): | 26.48 | |
| Zig ZAG (10): | 27.08 | |
| VORTEX (21): | 1.3000 | |
| Stochastique (14,3,5): | 63.81 | |
| TEMA (21): | 27.23 | |
| Williams %R (14): | -45.31 | |
| Chande Momentum Oscillator (20): | 0.19 | |
| Repulse (5,40,3): | 0.3100 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1700 | |
| Courbe Coppock: | 3.23 |
| MA7: | 26.58 | |
| MA20: | 26.79 | |
| MA50: | 29.69 | |
| MA100: | 29.28 | |
| MAexp7: | 27.03 | |
| MAexp20: | 26.78 | |
| MAexp50: | 26.35 | |
| MAexp100: | 26.22 | |
| Price / MA7: | +1.13% | |
| Price / MA20: | +0.34% | |
| Price / MA50: | -9.46% | |
| Price / MA100: | -8.20% | |
| Price / MAexp7: | -0.55% | |
| Price / MAexp20: | +0.37% | |
| Price / MAexp50: | +2.01% | |
| Price / MAexp100: | +2.52% |
Quotes :
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Real time data
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This member declared not having a position on this financial instrument or a related financial instrument.
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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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