ETHEREUM CLASSIC - ETC/USD

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- Real time data - Cryptocompare

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Type:	Cryptocurrencies
Ticker:	ETCUSD
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ETHEREUM CLASSIC - ETC/USD - 1H - Technical analysis published on 07/14/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

44%

17%

39%

My opinion

Bullish above 21.71 USD

My targets

23.63 USD (+5.60%)

23.93 USD (+6.93%)

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 21.71 USD. The buyers' bullish objective is set at 23.63 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 23.93 USD. If there is any crossing, the next objective would be the resistance located at 25.38 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.

Force

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

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 22.38 USD. On the day, this instrument lost -0.05% with the lowest point at 22.22 USD and the highest point at 22.55 USD. The deviation from the price is +0.72% for the low point and -0.75% for the high point.

22.22

22.55

22.38

The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Bearish opening

Type : Bearish

Timeframe : Openning

So that you have an overall view of the price change, here is a table showing the variations over several periods:

Technical

A technical analysis in 1H of this ETHEREUM CLASSIC - ETC/USD chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

In fact, only 8 technical indicators out of 18 studied are currently bullish. The Central Indicators scanner found this result concerning these indicators:

Momentum indicator is back over 0

Type : Bullish

Timeframe : 1 hour

The analysis of the price chart with Central Patterns scanners does not return any result.

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:

Doji

Type : Neutral

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	20.52	21.13	21.71	22.38	23.93	25.38	32.41
Change (%)	-8.31%	-5.59%	-2.99%	-	+6.93%	+13.40%	+44.82%
Change	-1.86	-1.25	-0.67	-	+1.55	+3.00	+10.03
Level	Intermediate	Intermediate	Intermediate	-	Major	Major	Minor

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	20.61	21.02	21.71	22.12	22.81	23.22	23.91
Camarilla	22.09	22.19	22.29	22.39	22.49	22.59	22.69
Woodie	20.74	21.09	21.84	22.19	22.94	23.29	24.04
Fibonacci	21.02	21.44	21.70	22.12	22.54	22.80	23.22

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	16.47	17.72	20.05	21.30	23.63	24.88	27.21
Camarilla	21.41	21.73	22.06	22.39	22.72	23.05	23.38
Woodie	17.02	17.99	20.60	21.57	24.18	25.15	27.76
Fibonacci	17.72	19.08	19.93	21.30	22.66	23.51	24.88

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	11.78	16.69	20.18	25.09	28.58	33.49	36.98
Camarilla	21.35	22.12	22.89	23.66	24.43	25.20	25.97
Woodie	11.06	16.34	19.46	24.74	27.86	33.14	36.26
Fibonacci	16.69	19.90	21.89	25.09	28.30	30.29	33.49

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):	63.89
MACD (12,26,9):	0.1600
Directional Movement:	18.57
AROON (14):	-7.15
DEMA (21):	22.56
Parabolic SAR (0,02-0,02-0,2):	22.51
Elder Ray (13):	0.07
Super Trend (3,10):	22.09
Zig ZAG (10):	22.47
VORTEX (21):	1.2000
Stochastique (14,3,5):	77.78
TEMA (21):	22.52
Williams %R (14):	-24.24
Chande Momentum Oscillator (20):	0.08
Repulse (5,40,3):	0.1300
ROCnROLL:	1
TRIX (15,9):	0.1300
Courbe Coppock:	0.87

MA7:	21.29
MA20:	22.07
MA50:	25.01
MA100:	26.68
MAexp7:	22.43
MAexp20:	22.31
MAexp50:	21.97
MAexp100:	21.59
Price / MA7:	+5.12%
Price / MA20:	+1.40%
Price / MA50:	-10.52%
Price / MA100:	-16.12%
Price / MAexp7:	-0.22%
Price / MAexp20:	+0.31%
Price / MAexp50:	+1.87%
Price / MAexp100:	+3.66%

Quotes : - Real time data - Cryptocompare

This member declared not having a position on this financial instrument or a related financial instrument.

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Londinia AI

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