ETHEREUM CLASSIC - ETC/USDT

- USDT (-)

- Real time data - CoinMarketCap

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Type:	Cryptocurrencies
Ticker:	ETCUSDT
ISIN:

ETHEREUM CLASSIC - ETC/USDT - Daily - Technical analysis published on 10/03/2022 (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

17%

56%

28%

My opinion

Bearish under 30.88 USDT

My targets

24.32 USDT (-10.79%)

18.91 USDT (-30.63%)

My analysis

ETHEREUM CLASSIC - ETC/USDT is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 30.88 USDT. The next support located at 24.32 USDT is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 18.91 USDT. Below this support, sellers could then target 13.70 USDT.

In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.

Force

5.2

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 27.26 USDT. The price has increased by +1.19% since the last closing and was between 26.59 USDT and 27.37 USDT. This implies that the price is at +2.52% from its lowest and at -0.40% from its highest.

26.59

27.37

27.26

The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.

Bullish opening

Type : Bullish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

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

New LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of this Daily chart of ETHEREUM CLASSIC - ETC/USDT indicates that the overall trend is bearish. 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.

In fact, according to the parameters integrated into the Central Analyzer system, 10 technical indicators out of 18 analysed are currently bearish. But beware of excesses. The Central Indicators scanner currently detects this:

MACD indicator: bullish divergence

Type : Bullish

Timeframe : Daily

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Daily

The Central Indicators scanner found this result concerning these indicators:

Price is back over the pivot point

Type : Bullish

Timeframe : Daily

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:

Near support of channel

Type : Bullish

Timeframe : Daily

Horizontal support is broken

Type : Bearish

Timeframe : Daily

The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:

Bullish harami

Type : Bullish

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	13.70	18.91	24.32	27.26	27.72	30.88	36.48
Change (%)	-49.74%	-30.63%	-10.79%	-	+1.69%	+13.28%	+33.82%
Change	-13.56	-8.35	-2.94	-	+0.46	+3.62	+9.22
Level	Intermediate	Minor	Major	-	Major	Minor	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	25.69	26.27	26.60	27.18	27.51	28.09	28.42
Camarilla	26.69	26.77	26.86	26.94	27.02	27.11	27.19
Woodie	25.58	26.21	26.49	27.12	27.40	28.03	28.31
Fibonacci	26.27	26.61	26.83	27.18	27.52	27.74	28.09

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	22.53	24.59	26.07	28.13	29.61	31.67	33.15
Camarilla	26.58	26.90	27.23	27.55	27.88	28.20	28.52
Woodie	22.24	24.45	25.78	27.99	29.32	31.53	32.86
Fibonacci	24.59	25.94	26.78	28.13	29.48	30.32	31.67

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	6.68	16.67	22.20	32.19	37.72	47.71	53.24
Camarilla	23.47	24.90	26.32	27.74	29.16	30.59	32.01
Woodie	4.46	15.56	19.98	31.08	35.50	46.60	51.02
Fibonacci	16.67	22.60	26.26	32.19	38.12	41.78	47.71

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):	37.42
MACD (12,26,9):	-1.9300
Directional Movement:	-9.93
AROON (14):	-100.00
DEMA (21):	27.12
Parabolic SAR (0,02-0,02-0,2):	31.04
Elder Ray (13):	-1.56
Super Trend (3,10):	32.32
Zig ZAG (10):	27.29
VORTEX (21):	0.7700
Stochastique (14,3,5):	12.03
TEMA (21):	26.00
Williams %R (14):	-82.47
Chande Momentum Oscillator (20):	-0.42
Repulse (5,40,3):	-0.5800
ROCnROLL:	2
TRIX (15,9):	-0.8400
Courbe Coppock:	27.38

MA7:	27.58
MA20:	29.82
MA50:	33.26
MA100:	29.56
MAexp7:	27.65
MAexp20:	29.59
MAexp50:	31.35
MAexp100:	30.45
Price / MA7:	-1.16%
Price / MA20:	-8.58%
Price / MA50:	-18.04%
Price / MA100:	-7.78%
Price / MAexp7:	-1.41%
Price / MAexp20:	-7.87%
Price / MAexp50:	-13.05%
Price / MAexp100:	-10.48%

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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