ETHEREUM CLASSIC - ETC/USD

- USD (-)

- Real time data - Cryptocompare

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Change:	-
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Type:	Cryptocurrencies
Ticker:	ETCUSD
ISIN:

ETHEREUM CLASSIC - ETC/USD - 1H - Technical analysis published on 10/13/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Neutral

Underlying: Bullish

Technical indicators

28%

44%

My opinion

Bullish above 18.55 USD

My targets

18.91 USD (+0.85%)

19.04 USD (+1.55%)

My analysis

Has the basic bullish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bullish movement or a correction. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the support located at 18.55 USD remains possible. It is advisable to trade ETHEREUM CLASSIC - ETC/USD with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 18.55 USD. The next bullish objective for buyers is set at 18.91 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 19.04 USD. If there is any crossing, the next objective would be the resistance located at 19.14 USD. PS: if there is a bearish break in the support located at 18.55 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.

Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.

Force

3.6

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.

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Additional analysis

Quotes

ETHEREUM CLASSIC - ETC/USD rating 18.75 USD. The price registered a decrease of -0.11% on the session with the lowest point at 18.61 USD and the highest point at 18.82 USD. The deviation from the price is +0.75% for the low point and -0.37% for the high point.

18.61

18.82

18.75

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.

Bullish opening

Type : Bullish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by ETHEREUM CLASSIC - ETC/USD:

The study of the highest / lowest by the Central Records scanner shows the following results:

New HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of ETHEREUM CLASSIC - ETC/USD in 1H shows an overall bullish trend. 78.57% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. An assessment of moving averages reveals a bearish signal that could impact this trend:

Bearish price crossover with adaptative moving average 20

Type : Bearish

Timeframe : 1 hour

On the 18 technical indicators analysed, 5 are bullish, 8 are neutral and 5 are bearish. Caution: the Central Indicators scanner currently detects an excess:

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : 1 hour

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

The Central Indicators scanner found this result concerning these indicators:

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : 1 hour

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:

Doji

Type : Neutral

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	18.36	18.55	18.71	18.75	18.91	19.04	19.14
Change (%)	-2.08%	-1.07%	-0.21%	-	+0.85%	+1.55%	+2.08%
Change	-0.39	-0.20	-0.04	-	+0.16	+0.29	+0.39
Level	Major	Minor	Intermediate	-	Intermediate	Minor	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	18.09	18.28	18.53	18.72	18.97	19.16	19.41
Camarilla	18.65	18.69	18.73	18.77	18.81	18.85	18.89
Woodie	18.11	18.30	18.55	18.74	18.99	19.18	19.43
Fibonacci	18.28	18.45	18.56	18.72	18.89	19.00	19.16

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	16.79	17.34	18.05	18.60	19.31	19.86	20.57
Camarilla	18.42	18.54	18.66	18.77	18.89	19.00	19.12
Woodie	16.88	17.38	18.14	18.64	19.40	19.90	20.66
Fibonacci	17.34	17.82	18.12	18.60	19.08	19.38	19.86

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	12.82	14.78	17.12	19.08	21.42	23.38	25.72
Camarilla	18.27	18.66	19.06	19.45	19.84	20.24	20.63
Woodie	13.00	14.88	17.30	19.18	21.60	23.48	25.90
Fibonacci	14.78	16.43	17.44	19.08	20.73	21.74	23.38

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):	51.17
MACD (12,26,9):	0.0200
Directional Movement:	-0.72
AROON (14):	-71.43
DEMA (21):	18.76
Parabolic SAR (0,02-0,02-0,2):	18.80
Elder Ray (13):	-0.02
Super Trend (3,10):	18.88
Zig ZAG (10):	18.72
VORTEX (21):	0.9900
Stochastique (14,3,5):	36.91
TEMA (21):	18.71
Williams %R (14):	-50.00
Chande Momentum Oscillator (20):	-0.01
Repulse (5,40,3):	0.1300
ROCnROLL:	-1
TRIX (15,9):	0.0300
Courbe Coppock:	0.89

MA7:	18.46
MA20:	19.03
MA50:	18.66
MA100:	19.78
MAexp7:	18.71
MAexp20:	18.72
MAexp50:	18.63
MAexp100:	18.55
Price / MA7:	+1.57%
Price / MA20:	-1.47%
Price / MA50:	+0.48%
Price / MA100:	-5.21%
Price / MAexp7:	+0.21%
Price / MAexp20:	+0.16%
Price / MAexp50:	+0.64%
Price / MAexp100:	+1.08%

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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