ETHEREUM CLASSIC - ETC/USDT - 1H - Technical analysis published on 05/11/2021 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
33%
33%
33%
My opinion
Bearish under 121.91 USDT
My targets
99.07 USDT (-6.92%)
88.18 USDT (-17.14%)
My analysis
The bearish trend is currently very strong for ETHEREUM CLASSIC - ETC/USDT. As long as the price remains below the resistance at 121.91 USDT, you could try to take advantage of the bearish rally. The first bearish objective is located at 99.07 USDT. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 88.18 USDT as an objective. Crossing it would then enable sellers to target 72.38 USDT. 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, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
5.7
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Additional analysis
Quotes
ETHEREUM CLASSIC - ETC/USDT rating 106.43 USDT. The price has increased by +1.32% since the last closing with the lowest point at 102.30 USDT and the highest point at 108.89 USDT. The deviation from the price is +4.04% for the low point and -2.26% for the high point.102.30
108.89
106.43
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
A technical analysis in 1H of this ETHEREUM CLASSIC - ETC/USDT chart shows a sharp bearish trend. 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.
In fact, of the 18 technical indicators analysed by Central Analyzer, 6 are bullish, 6 are neutral and 6 are bearish. Central Indicators, the scanner specialised in technical indicators, has identified this signal:
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
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
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 38.25 | 72.38 | 99.07 | 106.43 | 121.91 | 142.77 | 211.02 |
| Change (%) | -64.06% | -31.99% | -6.92% | - | +14.54% | +34.14% | +98.27% |
| Change | -68.18 | -34.05 | -7.36 | - | +15.48 | +36.34 | +104.59 |
| Level | Major | Minor | Major | - | Intermediate | Minor | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 63.36 | 81.26 | 93.15 | 111.05 | 122.94 | 140.84 | 152.73 |
| Camarilla | 96.85 | 99.58 | 102.31 | 105.04 | 107.77 | 110.50 | 113.23 |
| Woodie | 60.36 | 79.76 | 90.15 | 109.55 | 119.94 | 139.34 | 149.73 |
| Fibonacci | 81.26 | 92.64 | 99.67 | 111.05 | 122.43 | 129.46 | 140.84 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -126.18 | -41.94 | 42.55 | 126.79 | 211.28 | 295.52 | 380.01 |
| Camarilla | 80.65 | 96.12 | 111.58 | 127.05 | 142.52 | 157.98 | 173.45 |
| Woodie | -126.05 | -41.88 | 42.69 | 126.85 | 211.42 | 295.58 | 380.15 |
| Fibonacci | -41.94 | 22.51 | 62.33 | 126.79 | 191.24 | 231.06 | 295.52 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -19.04 | -2.84 | 16.70 | 32.90 | 52.44 | 68.64 | 88.18 |
| Camarilla | 26.42 | 29.70 | 32.97 | 36.25 | 39.53 | 42.80 | 46.08 |
| Woodie | -17.36 | -2.01 | 18.38 | 33.74 | 54.12 | 69.48 | 89.86 |
| Fibonacci | -2.84 | 10.81 | 19.24 | 32.90 | 46.55 | 54.98 | 68.64 |
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): | 43.77 | |
| MACD (12,26,9): | -3.3100 | |
| Directional Movement: | -3.07 | |
| AROON (14): | -14.29 | |
| DEMA (21): | 104.56 | |
| Parabolic SAR (0,02-0,02-0,2): | 99.35 | |
| Elder Ray (13): | 0.20 | |
| Super Trend (3,10): | 114.99 | |
| Zig ZAG (10): | 106.48 | |
| VORTEX (21): | 0.8800 | |
| Stochastique (14,3,5): | 23.85 | |
| TEMA (21): | 102.70 | |
| Williams %R (14): | -67.79 | |
| Chande Momentum Oscillator (20): | -10.46 | |
| Repulse (5,40,3): | 2.6100 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.4400 | |
| Courbe Coppock: | 23.26 |
| MA7: | 114.72 | |
| MA20: | 65.55 | |
| MA50: | 38.27 | |
| MA100: | 25.02 | |
| MAexp7: | 105.60 | |
| MAexp20: | 109.04 | |
| MAexp50: | 113.63 | |
| MAexp100: | 112.78 | |
| Price / MA7: | -7.23% | |
| Price / MA20: | +62.36% | |
| Price / MA50: | +178.10% | |
| Price / MA100: | +325.38% | |
| Price / MAexp7: | +0.79% | |
| Price / MAexp20: | -2.39% | |
| Price / MAexp50: | -6.34% | |
| Price / MAexp100: | -5.63% |
Quotes :
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Real time data
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Cryptocompare
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