ETHEREUM CLASSIC - ETC/USD - 1H - Technical analysis published on 01/18/2025 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
61%
6%
33%
My opinion
Bullish above 27.56 USD
My targets
28.67 USD (+1.63%)
29.60 USD (+4.93%)
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 27.56 USD. The buyers' bullish objective is set at 28.67 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 29.60 USD. If there is any crossing, the next objective would be the resistance located at 34.03 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
7.9
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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 28.21 USD. The price registered a decrease of -0.25% on the session and was traded between 28.15 USD and 28.49 USD over the period. The price is currently at +0.21% from its lowest and -0.98% from its highest.28.15
28.49
28.21
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of ETHEREUM CLASSIC - ETC/USD in 1H shows a strongly overall 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.
The technical indicators are bullish. There is still some doubt about the price increase.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
CCI indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
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
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 24.91 | 25.90 | 27.56 | 28.21 | 28.67 | 29.60 | 34.03 |
| Change (%) | -11.70% | -8.19% | -2.30% | - | +1.63% | +4.93% | +20.63% |
| Change | -3.30 | -2.31 | -0.65 | - | +0.46 | +1.39 | +5.82 |
| Level | Intermediate | Intermediate | Minor | - | Intermediate | Intermediate | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 25.11 | 25.90 | 27.09 | 27.88 | 29.07 | 29.86 | 31.05 |
| Camarilla | 27.74 | 27.92 | 28.10 | 28.28 | 28.46 | 28.64 | 28.83 |
| Woodie | 25.31 | 26.00 | 27.29 | 27.98 | 29.27 | 29.96 | 31.25 |
| Fibonacci | 25.90 | 26.66 | 27.12 | 27.88 | 28.64 | 29.10 | 29.86 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 18.47 | 21.37 | 23.45 | 26.35 | 28.43 | 31.33 | 33.41 |
| Camarilla | 24.17 | 24.63 | 25.08 | 25.54 | 26.00 | 26.45 | 26.91 |
| Woodie | 18.07 | 21.17 | 23.05 | 26.15 | 28.03 | 31.13 | 33.01 |
| Fibonacci | 21.37 | 23.27 | 24.44 | 26.35 | 28.25 | 29.42 | 31.33 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.84 | 12.18 | 18.58 | 29.92 | 36.32 | 47.66 | 54.06 |
| Camarilla | 20.10 | 21.73 | 23.35 | 24.98 | 26.61 | 28.23 | 29.86 |
| Woodie | -1.63 | 10.95 | 16.11 | 28.69 | 33.85 | 46.43 | 51.59 |
| Fibonacci | 12.18 | 18.96 | 23.14 | 29.92 | 36.70 | 40.88 | 47.66 |
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): | 64.77 | |
| MACD (12,26,9): | 0.3100 | |
| Directional Movement: | 22.27 | |
| AROON (14): | 50.00 | |
| DEMA (21): | 28.44 | |
| Parabolic SAR (0,02-0,02-0,2): | 28.11 | |
| Elder Ray (13): | 0.29 | |
| Super Trend (3,10): | 27.74 | |
| Zig ZAG (10): | 28.46 | |
| VORTEX (21): | 1.1600 | |
| Stochastique (14,3,5): | 76.49 | |
| TEMA (21): | 28.46 | |
| Williams %R (14): | -16.96 | |
| Chande Momentum Oscillator (20): | 0.81 | |
| Repulse (5,40,3): | 0.6300 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1600 | |
| Courbe Coppock: | 3.47 |
| MA7: | 26.54 | |
| MA20: | 26.49 | |
| MA50: | 29.36 | |
| MA100: | 25.78 | |
| MAexp7: | 28.32 | |
| MAexp20: | 28.02 | |
| MAexp50: | 27.40 | |
| MAexp100: | 26.73 | |
| Price / MA7: | +6.29% | |
| Price / MA20: | +6.49% | |
| Price / MA50: | -3.92% | |
| Price / MA100: | +9.43% | |
| Price / MAexp7: | -0.39% | |
| Price / MAexp20: | +0.68% | |
| Price / MAexp50: | +2.96% | |
| Price / MAexp100: | +5.54% |
Quotes :
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Real time data
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Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
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