ETHEREUM CLASSIC - ETC/USD - 1H - Technical analysis published on 12/28/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
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Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
17%
61%
22%
My opinion
Bearish under 26.52 USD
My targets
23.92 USD (-7.57%)
21.34 USD (-17.55%)
My analysis
The bearish trend is currently very strong for ETHEREUM CLASSIC - ETC/USD. As long as the price remains below the resistance at 26.52 USD, you could try to take advantage of the bearish rally. The first bearish objective is located at 23.92 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 21.34 USD as an objective. Crossing it would then enable sellers to target 20.86 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.
In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
Force
0
10
7.1
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
ETHEREUM CLASSIC - ETC/USD rating 25.88 USD. On the day, this instrument lost -0.19% with the lowest point at 25.73 USD and the highest point at 26.02 USD. The deviation from the price is +0.58% for the low point and -0.54% for the high point.25.73
26.02
25.88
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
New LOW record (1st january)
Type : Bearish
Timeframe : Weekly
The Central Volumes scanner detects abnormal volumes on the asset:
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of this 1H chart of ETHEREUM CLASSIC - ETC/USD indicates that the overall trend is strongly bearish. 89.29% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
An assessment of technical indicators shows a bearish signal.
But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near resistance of triangle
Type : Bearish
Timeframe : 1 hour
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:
Bullish doji star
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 20.86 | 23.83 | 25.83 | 25.88 | 26.52 | 27.16 | 27.94 |
| Change (%) | -19.40% | -7.92% | -0.19% | - | +2.47% | +4.95% | +7.96% |
| Change | -5.02 | -2.05 | -0.05 | - | +0.64 | +1.28 | +2.06 |
| Level | Major | Major | Intermediate | - | Major | Intermediate | Minor |
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 | 23.99 | 24.87 | 25.40 | 26.28 | 26.81 | 27.69 | 28.22 |
| Camarilla | 25.54 | 25.67 | 25.80 | 25.93 | 26.06 | 26.19 | 26.32 |
| Woodie | 23.82 | 24.78 | 25.23 | 26.19 | 26.64 | 27.60 | 28.05 |
| Fibonacci | 24.87 | 25.41 | 25.74 | 26.28 | 26.82 | 27.15 | 27.69 |
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 | 10.10 | 15.13 | 23.92 | 28.95 | 37.74 | 42.77 | 51.56 |
| Camarilla | 28.91 | 30.18 | 31.44 | 32.71 | 33.98 | 35.24 | 36.51 |
| Woodie | 11.98 | 16.07 | 25.80 | 29.89 | 39.62 | 43.71 | 53.44 |
| Fibonacci | 15.13 | 20.41 | 23.67 | 28.95 | 34.23 | 37.49 | 42.77 |
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): | 40.48 | |
| MACD (12,26,9): | -0.1200 | |
| Directional Movement: | -13.24 | |
| AROON (14): | -85.71 | |
| DEMA (21): | 25.96 | |
| Parabolic SAR (0,02-0,02-0,2): | 26.51 | |
| Elder Ray (13): | -0.19 | |
| Super Trend (3,10): | 25.77 | |
| Zig ZAG (10): | 25.85 | |
| VORTEX (21): | 0.9500 | |
| Stochastique (14,3,5): | 13.73 | |
| TEMA (21): | 25.92 | |
| Williams %R (14): | -83.95 | |
| Chande Momentum Oscillator (20): | -0.08 | |
| Repulse (5,40,3): | -0.2900 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0300 | |
| Courbe Coppock: | 4.13 |
| MA7: | 26.62 | |
| MA20: | 29.55 | |
| MA50: | 29.43 | |
| MA100: | 24.23 | |
| MAexp7: | 25.94 | |
| MAexp20: | 26.12 | |
| MAexp50: | 26.31 | |
| MAexp100: | 26.61 | |
| Price / MA7: | -2.78% | |
| Price / MA20: | -12.42% | |
| Price / MA50: | -12.06% | |
| Price / MA100: | +6.81% | |
| Price / MAexp7: | -0.23% | |
| Price / MAexp20: | -0.92% | |
| Price / MAexp50: | -1.63% | |
| Price / MAexp100: | -2.74% |
Quotes :
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Real time data
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