ETHEREUM CLASSIC - ETC/USD - 1H - Technical analysis published on 05/25/2024 (GMT)
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- Timeframe : 1H
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Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Bearish
Technical indicators
22%
56%
22%
My opinion
Bearish under 31.91 USD
My targets
31.01 USD (-1.77%)
29.13 USD (-7.73%)
My analysis
In the short term, we can see an acceleration in the bearish trend on ETHEREUM CLASSIC - ETC/USD, which is a positive signal for sellers. As long as the price remains above 31.91 USD, a sale could be considered. The first bearish objective is located at 31.01 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 29.13 USD as an objective. Crossing it would then enable sellers to target 28.46 USD. If the price were to return above 31.91 USD, it would probably only trigger a small rebound in the short term to give a better base for restarting. Trading this rebound may be risky.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
4.3
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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 31.57 USD. The price registered a decrease of -0.13% on the session with the lowest point at 31.28 USD and the highest point at 32.32 USD. The deviation from the price is +0.93% for the low point and -2.32% for the high point.31.28
32.32
31.57
A study of price movements over other periods shows the following variations:
Technical
A technical analysis in 1H of this ETHEREUM CLASSIC - ETC/USD chart shows a bearish trend. The signals given by moving averages are 64.29% bearish. This bearish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:
Bearish price crossover with adaptative moving average 50
Type : Bearish
Timeframe : 1 hour
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near support of channel
Type : Bullish
Timeframe : 1 hour
Near support of triangle
Type : Bullish
Timeframe : 1 hour
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:
Bearish harami
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 28.46 | 29.13 | 31.01 | 31.57 | 31.91 | 32.97 | 34.29 |
| Change (%) | -9.85% | -7.73% | -1.77% | - | +1.08% | +4.43% | +8.62% |
| Change | -3.11 | -2.44 | -0.56 | - | +0.34 | +1.40 | +2.72 |
| Level | Minor | Intermediate | Intermediate | - | Minor | Intermediate | Intermediate |
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 | 27.53 | 29.27 | 30.44 | 32.18 | 33.35 | 35.09 | 36.26 |
| Camarilla | 30.81 | 31.08 | 31.34 | 31.61 | 31.88 | 32.14 | 32.41 |
| Woodie | 27.25 | 29.13 | 30.16 | 32.04 | 33.07 | 34.95 | 35.98 |
| Fibonacci | 29.27 | 30.38 | 31.07 | 32.18 | 33.29 | 33.98 | 35.09 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 22.36 | 23.82 | 26.22 | 27.68 | 30.08 | 31.54 | 33.94 |
| Camarilla | 27.57 | 27.92 | 28.28 | 28.63 | 28.98 | 29.34 | 29.69 |
| Woodie | 22.84 | 24.06 | 26.70 | 27.92 | 30.56 | 31.78 | 34.42 |
| Fibonacci | 23.82 | 25.29 | 26.20 | 27.68 | 29.15 | 30.06 | 31.54 |
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 technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 45.80 | |
| MACD (12,26,9): | -0.0800 | |
| Directional Movement: | -8.96 | |
| AROON (14): | -21.42 | |
| DEMA (21): | 31.53 | |
| Parabolic SAR (0,02-0,02-0,2): | 32.28 | |
| Elder Ray (13): | -0.08 | |
| Super Trend (3,10): | 32.14 | |
| Zig ZAG (10): | 31.50 | |
| VORTEX (21): | 1.0400 | |
| Stochastique (14,3,5): | 15.64 | |
| TEMA (21): | 31.48 | |
| Williams %R (14): | -83.95 | |
| Chande Momentum Oscillator (20): | -0.59 | |
| Repulse (5,40,3): | -0.2100 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0300 | |
| Courbe Coppock: | 2.27 |
| MA7: | 31.08 | |
| MA20: | 28.45 | |
| MA50: | 28.35 | |
| MA100: | 29.95 | |
| MAexp7: | 31.52 | |
| MAexp20: | 31.62 | |
| MAexp50: | 31.68 | |
| MAexp100: | 31.36 | |
| Price / MA7: | +1.58% | |
| Price / MA20: | +10.97% | |
| Price / MA50: | +11.36% | |
| Price / MA100: | +5.41% | |
| Price / MAexp7: | +0.16% | |
| Price / MAexp20: | -0.16% | |
| Price / MAexp50: | -0.35% | |
| Price / MAexp100: | +0.67% |
Quotes :
-
Real time data
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Cryptocompare
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