ETHEREUM CLASSIC - ETC/USD

- USD (-)

- Real time data - Cryptocompare

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Type:	Cryptocurrencies
Ticker:	ETCUSD
ISIN:

ETHEREUM CLASSIC - ETC/USD - 1H - Technical analysis published on 09/06/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

17%

61%

22%

My opinion

Bearish under 17.93 USD

My targets

17.47 USD (-0.74%)

16.87 USD (-4.15%)

My analysis

The bearish trend is currently very strong for ETHEREUM CLASSIC - ETC/USD. As long as the price remains below the resistance at 17.93 USD, you could try to take advantage of the bearish rally. The first bearish objective is located at 17.47 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 16.87 USD as an objective. Crossing it would then enable sellers to target 14.80 USD. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.

Force

7.5

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 price is 17.60 USD. The price is lower by -0.06% since the last closing and was traded between 17.37 USD and 17.77 USD over the period. The price is currently at +1.32% from its lowest and -0.96% from its highest.

17.37

17.77

17.60

A study of price movements over other periods shows the following variations:

The Central Records scanner for higher/lower results shows an item:

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of ETHEREUM CLASSIC - ETC/USD in 1H shows a overall strongly bearish trend. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals 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, 11 technical indicators on 18 studied are currently positioned bearish. Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour

The Central Indicators scanner found this result concerning these indicators:

Momentum indicator is back under 0

Type : Bearish

Timeframe : 1 hour

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:

Near support of triangle

Type : Bullish

Timeframe : 1 hour

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	14.80	16.87	17.47	17.60	17.67	17.93	18.17
Change (%)	-15.91%	-4.15%	-0.74%	-	+0.40%	+1.88%	+3.24%
Change	-2.80	-0.73	-0.13	-	+0.07	+0.33	+0.57
Level	Intermediate	Minor	Intermediate	-	Intermediate	Minor	Minor

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	16.65	17.06	17.33	17.74	18.01	18.42	18.69
Camarilla	17.42	17.49	17.55	17.61	17.67	17.74	17.80
Woodie	16.59	17.03	17.27	17.71	17.95	18.39	18.63
Fibonacci	17.06	17.32	17.48	17.74	18.00	18.16	18.42

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	14.42	16.14	17.26	18.98	20.10	21.82	22.94
Camarilla	17.61	17.87	18.13	18.39	18.65	18.91	19.17
Woodie	14.13	15.99	16.97	18.83	19.81	21.67	22.65
Fibonacci	16.14	17.22	17.89	18.98	20.06	20.73	21.82

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	9.01	12.40	15.39	18.78	21.77	25.16	28.15
Camarilla	16.64	17.22	17.81	18.39	18.98	19.56	20.15
Woodie	8.82	12.30	15.20	18.68	21.58	25.06	27.96
Fibonacci	12.40	14.83	16.34	18.78	21.21	22.72	25.16

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):	36.34
MACD (12,26,9):	-0.0600
Directional Movement:	-24.17
AROON (14):	-35.71
DEMA (21):	17.56
Parabolic SAR (0,02-0,02-0,2):	17.77
Elder Ray (13):	-0.16
Super Trend (3,10):	17.76
Zig ZAG (10):	17.47
VORTEX (21):	0.8400
Stochastique (14,3,5):	35.81
TEMA (21):	17.55
Williams %R (14):	-67.50
Chande Momentum Oscillator (20):	-0.08
Repulse (5,40,3):	-0.2700
ROCnROLL:	2
TRIX (15,9):	-0.0500
Courbe Coppock:	0.21

MA7:	17.88
MA20:	18.76
MA50:	20.01
MA100:	22.19
MAexp7:	17.60
MAexp20:	17.65
MAexp50:	17.75
MAexp100:	17.87
Price / MA7:	-1.57%
Price / MA20:	-6.18%
Price / MA50:	-12.04%
Price / MA100:	-20.68%
Price / MAexp7:	-0%
Price / MAexp20:	-0.28%
Price / MAexp50:	-0.85%
Price / MAexp100:	-1.51%

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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