ETHEREUM CLASSIC - ETC/USDT

- USDT (-)

- Real time data - Cryptocompare

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Type:	Cryptocurrencies
Ticker:	ETCUSDT
ISIN:

ETHEREUM CLASSIC - ETC/USDT - Daily - Technical analysis published on 09/30/2022 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Bearish

Technical indicators

28%

56%

17%

My opinion

Bearish under 36.08 USDT

My targets

24.32 USDT (-13.05%)

18.91 USDT (-32.39%)

My analysis

In the short term, we can see an acceleration in the bearish trend on ETHEREUM CLASSIC - ETC/USDT, which is a positive signal for sellers. As long as the price remains above 36.08 USDT, a sale could be considered. The first bearish objective is located at 24.32 USDT. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 18.91 USDT as an objective. Crossing it would then enable sellers to target 13.70 USDT. If the price were to return above 36.08 USDT, it would probably only trigger a small rebound in the short term to give a better base for restarting. Trading this rebound may be risky.

Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.

Force

4.8

Comment on the analysis

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 finacian. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The ETHEREUM CLASSIC - ETC/USDT price is 27.97 USDT. The price has increased by +0.61% since the last closing with the lowest point at 27.43 USDT and the highest point at 28.26 USDT. The deviation from the price is +1.97% for the low point and -1.03% for the high point.

27.43

28.26

27.97

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:

The Central Records scanner, which identifies the highest / lowest, has detected an element:

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of ETHEREUM CLASSIC - ETC/USDT in Daily shows an overall bearish trend. The signals given by moving averages are 71.43% bearish. This bearish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
But beware of excesses. The Central Indicators scanner currently detects this:

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Daily

No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:

Horizontal resistance is broken

Type : Bullish

Timeframe : Daily

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	18.91	24.32	27.72	27.97	36.48	39.54	43.25
Change (%)	-32.39%	-13.05%	-0.89%	-	+30.43%	+41.37%	+54.63%
Change	-9.06	-3.65	-0.25	-	+8.51	+11.57	+15.28
Level	Intermediate	Major	Intermediate	-	Minor	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	26.06	26.58	27.19	27.71	28.32	28.84	29.45
Camarilla	27.49	27.59	27.70	27.80	27.90	28.01	28.11
Woodie	26.11	26.60	27.24	27.73	28.37	28.86	29.50
Fibonacci	26.58	27.01	27.28	27.71	28.14	28.41	28.84

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	18.27	22.63	25.66	30.02	33.05	37.41	40.44
Camarilla	26.65	27.33	28.00	28.68	29.36	30.04	30.71
Woodie	17.60	22.30	24.99	29.69	32.38	37.08	39.77
Fibonacci	22.63	25.46	27.20	30.02	32.85	34.59	37.41

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	12.15	21.34	26.89	36.08	41.63	50.82	56.37
Camarilla	28.39	29.74	31.09	32.44	33.79	35.14	36.49
Woodie	10.33	20.43	25.07	35.17	39.81	49.91	54.55
Fibonacci	21.34	26.97	30.45	36.08	41.71	45.19	50.82

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):	38.86
MACD (12,26,9):	-1.9700
Directional Movement:	-7.79
AROON (14):	-85.71
DEMA (21):	28.02
Parabolic SAR (0,02-0,02-0,2):	32.67
Elder Ray (13):	-1.49
Super Trend (3,10):	34.32
Zig ZAG (10):	28.00
VORTEX (21):	0.8200
Stochastique (14,3,5):	12.12
TEMA (21):	26.59
Williams %R (14):	-83.72
Chande Momentum Oscillator (20):	-1.55
Repulse (5,40,3):	0.1700
ROCnROLL:	2
TRIX (15,9):	-0.7500
Courbe Coppock:	40.06

MA7:	28.15
MA20:	31.35
MA50:	34.19
MA100:	29.24
MAexp7:	28.29
MAexp20:	30.44
MAexp50:	31.88
MAexp100:	30.64
Price / MA7:	-0.64%
Price / MA20:	-10.78%
Price / MA50:	-18.19%
Price / MA100:	-4.34%
Price / MAexp7:	-1.13%
Price / MAexp20:	-8.11%
Price / MAexp50:	-12.26%
Price / MAexp100:	-8.71%

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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