ETHEREUM CLASSIC - ETC/USD - 15 min. - Technical analysis published on 12/27/2024 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : LEVEL MAINTAINED
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Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Bearish
Technical indicators
6%
83%
11%
My opinion
Bearish under 26.27 USD
My targets
25.06 USD (-3.32%)
24.27 USD (-6.37%)
My analysis
All elements being rather bearish, it would be possible for traders to trade only short positions (for sale) on ETHEREUM CLASSIC - ETC/USD as long as the price remains well below 26.27 USD. The next bearish objective for sellers is set at 25.06 USD. A bearish break of this support would revive the bearish momentum. Sellers could then target the next support located at 24.27 USD. If there is any crossing, the next objective would be the support located at 23.06 USD. Be careful, the short term currently seems to be losing momentum. Its reversal would lead to mitigation of the, bearish, basic trend. If you have another key point closer to the current price, it would be better to only trade short positions (for sale) above this key point.
In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
Force
0
10
6.4
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Additional analysis
Quotes
The ETHEREUM CLASSIC - ETC/USD price is 25.92 USD. The price has increased by +0.27% since the last closing with the lowest point at 25.75 USD and the highest point at 27.16 USD. The deviation from the price is +0.66% for the low point and -4.57% for the high point.25.75
27.16
25.92
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of this 15 min. chart of ETHEREUM CLASSIC - ETC/USD indicates that the overall trend is bearish. 75.00% of the signals given by moving averages are bearish. This bearish trend is slowing down slightly given the slightly bearish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
Technical indicators are strongly bearish, suggesting that the price decline is expected to continue.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 15 minutes
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 15 minutes
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 | 20.86 | 23.83 | 25.49 | 25.92 | 26.52 | 27.50 | 28.52 |
| Change (%) | -19.52% | -8.06% | -1.66% | - | +2.31% | +6.10% | +10.03% |
| Change | -5.06 | -2.09 | -0.43 | - | +0.60 | +1.58 | +2.60 |
| Level | Major | Major | Intermediate | - | Intermediate | Intermediate | 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 | 23.06 | 24.27 | 25.06 | 26.27 | 27.06 | 28.27 | 29.06 |
| Camarilla | 25.30 | 25.48 | 25.67 | 25.85 | 26.03 | 26.22 | 26.40 |
| Woodie | 22.85 | 24.17 | 24.85 | 26.17 | 26.85 | 28.17 | 28.85 |
| Fibonacci | 24.27 | 25.03 | 25.51 | 26.27 | 27.03 | 27.51 | 28.27 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9.75 | 16.63 | 21.34 | 28.22 | 32.93 | 39.81 | 44.52 |
| Camarilla | 22.85 | 23.92 | 24.98 | 26.04 | 27.10 | 28.17 | 29.23 |
| Woodie | 8.66 | 16.09 | 20.25 | 27.68 | 31.84 | 39.27 | 43.43 |
| Fibonacci | 16.63 | 21.06 | 23.80 | 28.22 | 32.65 | 35.39 | 39.81 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9.53 | 14.68 | 23.69 | 28.84 | 37.85 | 43.00 | 52.01 |
| Camarilla | 28.82 | 30.11 | 31.41 | 32.71 | 34.01 | 35.31 | 36.60 |
| Woodie | 11.47 | 15.65 | 25.63 | 29.81 | 39.79 | 43.97 | 53.95 |
| Fibonacci | 14.68 | 20.09 | 23.43 | 28.84 | 34.25 | 37.59 | 43.00 |
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): | 33.30 | |
| MACD (12,26,9): | -0.0800 | |
| Directional Movement: | -22.20 | |
| AROON (14): | -100.00 | |
| DEMA (21): | 26.05 | |
| Parabolic SAR (0,02-0,02-0,2): | 26.35 | |
| Elder Ray (13): | -0.22 | |
| Super Trend (3,10): | 26.20 | |
| Zig ZAG (10): | 25.86 | |
| VORTEX (21): | 0.9500 | |
| Stochastique (14,3,5): | 4.68 | |
| TEMA (21): | 26.03 | |
| Williams %R (14): | -90.74 | |
| Chande Momentum Oscillator (20): | -0.35 | |
| Repulse (5,40,3): | -0.4300 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0300 | |
| Courbe Coppock: | 1.86 |
| MA7: | 26.66 | |
| MA20: | 30.12 | |
| MA50: | 29.32 | |
| MA100: | 24.16 | |
| MAexp7: | 26.05 | |
| MAexp20: | 26.16 | |
| MAexp50: | 26.24 | |
| MAexp100: | 26.28 | |
| Price / MA7: | -2.78% | |
| Price / MA20: | -13.94% | |
| Price / MA50: | -11.60% | |
| Price / MA100: | +7.28% | |
| Price / MAexp7: | -0.50% | |
| Price / MAexp20: | -0.92% | |
| Price / MAexp50: | -1.22% | |
| Price / MAexp100: | -1.37% |
Quotes :
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Real time data
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