ETHEREUM CLASSIC - ETC/USDT
ETHEREUM CLASSIC - ETC/USDT
- USDT (-)
- Real time data - CoinMarketCap
Open: -
Change: -
Volume: -
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High / Low range: -
Type: Cryptocurrencies
Ticker: ETCUSDT
ISIN:

ETHEREUM CLASSIC - ETC/USDT - 1H - Technical analysis published on 04/30/2021 (GMT)

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

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Summary of the analysis

Trends
Short term: Bullish
Underlying: Strongly bullish
Technical indicators
61%
6%
33%
My opinion
Bullish above 33.64 USDT
My targets
36.04 USDT (+3.44%)
38.25 USDT (+9.79%)
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/USDT as long as the price remains well above 33.64 USDT. The buyers” bullish objective is set at 36.04 USDT. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 38.25 USDT. If there is any crossing, the next objective would be the resistance located at 39.39 USDT. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible overbought items that could be a sign of a possible short-term correction.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
7.1

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 teodorassenov69. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

The ETHEREUM CLASSIC - ETC/USDT price is 34.84 USDT. The price has increased by +1.81% since the last closing with the lowest point at 33.55 USDT and the highest point at 34.84 USDT. The deviation from the price is +3.85% for the low point and 0% for the high point.

33.55
34.84
34.84

The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



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

Technical


A technical analysis in 1H of this ETHEREUM CLASSIC - ETC/USDT chart shows a strongly bullish trend. 89.29% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages show a weakening of the global trend. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:

Central Indicators

Bullish trend reversal : Moving Average 50

Type : Bullish

Timeframe : 1 hour


Bullish trend reversal : adaptative moving average 20

Type : Bullish

Timeframe : 1 hour


Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : 1 hour


Bullish price crossover with Moving Average 50

Type : Bullish

Timeframe : 1 hour



The probability of a further increase are moderate given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Other results related to technical indicators were also found by the Central Indicators scanner:

Central Indicators

RSI indicator is back over 50

Type : Bullish

Timeframe : 1 hour


MACD crosses UP its Moving Average

Type : Bullish

Timeframe : 1 hour


Ichimoku : price is over the cloud

Type : Bullish

Timeframe : 1 hour


MACD indicator is back over 0

Type : Bullish

Timeframe : 1 hour


Price is back over the pivot point

Type : Bullish

Timeframe : 1 hour


Price is back under the pivot point

Type : Bearish

Timeframe : Weekly



An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:

Central Patterns

Horizontal support is broken

Type : Bearish

Timeframe : 1 hour


Support of triangle is broken

Type : Bearish

Timeframe : 1 hour



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


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 27.76 29.27 33.64 34.84 34.88 36.04 38.25
Change (%) -20.32% -15.99% -3.44% - +0.11% +3.44% +9.79%
Change -7.08 -5.57 -1.20 - +0.04 +1.20 +3.41
Level Intermediate Minor 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
Standard31.6332.5033.3634.2335.0935.9636.82
Camarilla33.7433.9034.0634.2234.3834.5434.70
Woodie31.6332.5033.3634.2335.0935.9636.82
Fibonacci32.5033.1633.5734.2334.8935.3035.96


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard9.8317.7123.6331.5137.4345.3151.23
Camarilla25.7627.0228.2929.5530.8232.0833.35
Woodie8.8517.2222.6531.0236.4544.8250.25
Fibonacci17.7122.9826.2431.5136.7840.0445.31


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard8.309.5411.7813.0215.2616.5018.74
Camarilla13.0613.3813.7014.0214.3414.6614.98
Woodie8.809.7912.2813.2715.7616.7519.24
Fibonacci9.5410.8711.6913.0214.3515.1716.50

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): 54.26
MACD (12,26,9): 0.0200
Directional Movement: -5.59
AROON (14): -28.57
DEMA (21): 34.10
Parabolic SAR (0,02-0,02-0,2): 33.63
Elder Ray (13): 0.22
Super Trend (3,10): 35.24
Zig ZAG (10): 34.34
VORTEX (21): 1.0400
Stochastique (14,3,5): 79.49
TEMA (21): 34.13
Williams %R (14): -4.88
Chande Momentum Oscillator (20): 0.69
Repulse (5,40,3): 1.3600
ROCnROLL: 1
TRIX (15,9): -0.0100
Courbe Coppock: 0.56
MA7: 32.65
MA20: 30.92
MA50: 20.64
MA100: 15.67
MAexp7: 34.17
MAexp20: 34.07
MAexp50: 33.92
MAexp100: 33.43
Price / MA7: +6.71%
Price / MA20: +12.68%
Price / MA50: +68.80%
Price / MA100: +122.34%
Price / MAexp7: +1.96%
Price / MAexp20: +2.26%
Price / MAexp50: +2.71%
Price / MAexp100: +4.22%

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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